Market Overview
Home Prices in Frankton, IN
The median home value in Frankton, IN is $207,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Frankton are priced49% below average. Frankton is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Frankton home values have risen by approximately32.3%, reflecting strong long-term appreciation in this market.
Price History
Frankton Home Price Trend
City Comparison
Frankton vs. National Median
At $207,209, homes in Frankton cost 49% below the national median of $410,000. This makes Frankton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Frankton?
20% Down Payment
$41,442
on $207,209
Monthly P&I
$1,081/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,373/mo
incl. taxes & insurance
Income Needed
$54,920
gross annual (30% rule)
10% Down Option
$20,721
+ PMI applies
Loan Amount (20% dn)
$165,767
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Frankton, IN?
The median home value in Frankton is $207,209 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Frankton?
Over the past year, home values in Frankton have increased by 1.5%. Over five years, prices have risen approximately 32.3%.
How much do I need to earn to buy a home in Frankton?
To comfortably afford the median home price of $207,209 with a 20% down payment ($41,442) at today's rates (6.8%), you'd need a gross annual income of approximately $54,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Frankton compare to the national average home price?
The national median home value is approximately $410,000. At $207,209, homes in Frankton are 49% below the national average.
What metro area is Frankton part of?
Frankton is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.