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Frankfort city, MI

ZIP 49635 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 49635

Median Home Value
$332,300
Median Rent
$747
Affordability Snapshot
$91,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,135/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.6x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

37.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 49635 in Frankfort city, MI, a household would need roughly $91,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,135. That is about 27% above the local median household income ($71,875), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 52% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.1%+26% vs US avg
x
Vacancy Rate
52.0%+405% vs US avg
x
Broadband Access
91.6%+5% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
7.6%-41% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
32.4%-35% vs US avg
x
Mortgage-Free
56.7%+49% vs US avg
x
$332,300
Home Value
$747
Rent
1976
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached87.3%
  • 1-unit attached1.4%
  • 2-9 units4.6%
  • 10+ units4.3%
  • Mobile home & other2.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$332,300
Median rent$747
Owner-occupied82.1%
Vacant52.0%
Price-to-income4.6x
Est. income to buy$91,000