Market Overview
Home Prices in Frankfort, SD
The median home value in Frankfort, SD is $196,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 13.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Frankfort are priced52% below average.
Over the past five years, Frankfort home values have risen by approximately38.4%, reflecting strong long-term appreciation in this market.
Price History
Frankfort Home Price Trend
2020
$121,962
$122K
—
2021
$141,903
$142K
+16.4%
2022
$168,579
$169K
+18.8%
2023
$157,701
$158K
-6.5%
2024
$163,385
$163K
+3.6%
2025
$185,070
$185K
+13.3%
2026
$196,384
$196K
+6.1%
City Comparison
Frankfort vs. National Median
🏠 Frankfort
$196,384
National Median
$410,000
At $196,384, homes in Frankfort cost 52% below the national median of $410,000. This makes Frankfort a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Frankfort?
20% Down Payment
$39,277
on $196,384
Monthly P&I
$1,024/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,300/mo
incl. taxes & insurance
Income Needed
$52,000
gross annual (30% rule)
10% Down Option
$19,638
+ PMI applies
Loan Amount (20% dn)
$157,107
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 Frankfort, SD?
The median home value in Frankfort is $196,384 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Frankfort?
Over the past year, home values in Frankfort have increased by 6.1%. Over five years, prices have risen approximately 38.4%.
How much do I need to earn to buy a home in Frankfort?
To comfortably afford the median home price of $196,384 with a 20% down payment ($39,277) at today's rates (6.8%), you'd need a gross annual income of approximately $52,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Frankfort compare to the national average home price?
The national median home value is approximately $410,000. At $196,384, homes in Frankfort are 52% below the national average.