Metropolitan Area

Frankfort, KY

Kentucky0
53
/100
Hold
#679 of 894 metros
Top 76% nationally for investing

Market Snapshot

$254,217
Median Home Price
0% below national median
$1,081/mo
Median Rent
22% below national median
5.10%
Rent-to-Price Ratio
Top 73% nationally
-$630
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$254,217
Down Payment (20%)$50,843
Loan Amount$203,374
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,081
Monthly P&I-$1,333
Est. Expenses (35%)-$378
Net Cash Flow-$630/mo
3.3%
Cap Rate (all cash)
-12.9%
Cash-on-Cash Return
5.10%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.3% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
53/100
53
Cash Flow(30%)
47/100

Based on 5.10% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
47/100

Based on -1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
76/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (5.10%)
  • -Declining home values (-1.0% YoY)
  • -Negative cash flow at typical financing (-$630/mo)
  • -Negative leverage (cap rate 3.3% < mortgage rate 6.9%)

Counties in Frankfort, KY

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Columbus, MS
Columbus, MS
73$190,558$1,3918.76%BuyView
Salina, KS
Salina, KS
73$180,234$1,0446.95%BuyView
Marion, IN
Marion, IN
73$156,372$8866.80%BuyView
Oneonta, NY
Oneonta, NY
73$216,762$1,4798.19%BuyView
Fairmont, WV
Fairmont, WV
73$169,410$1,1488.13%BuyView
Current
Frankfort, KY
53$254,217$1,0815.10%Hold

The Bottom Line

HoldFrankfort, KY is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Frankfort, KY metro area scores 53/100, ranking #679 of 894 US metros (top 76%). The 5.10% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-630/mo
Cap Rate
3.3%
Cash-on-Cash
-14.9%

Ready to Invest in Frankfort, KY?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit properties
Explore Other Markets