City

Frankfort, MI

1 ZIP code  ·  Benzie County  ·  Michigan

👥3,367Population
💰$71,875Median HH Income≈ Avg
🎂60.9Median Age
🏠$332,300Median Home Value▲ 19% above avg
🎓53.0%College Grads▲ 37% above avg
📊4.5%Unemployment▼ 8% below avg
People & Population (ACS 2023 — weighted avg)
♂ Male 49.9% Female 50.1% ♀

Race & Ethnicity

White: 93.7%Hispanic: 1.1%Black: 1.3%Asian: 0.2%Other: 3.1%Race
White93.7%
Hispanic1.1%
Black1.3%
Asian0.2%
Other3.1%

Age Breakdown

Under 5
4%
5–17
10%
18–24
6%
25–44
11%
45–64
28%
65+
15%

Key Indicators

Median Age60.9 yrs
Avg HH Size2.18
Below Poverty9.4% ≈ Avg
College Grads53.0% ▲ 37% above avg
Unemployment4.5% ▼ 8% below avg
No HS Diploma57 (2.2%)
HS Graduate623 (24.1%)
Some College241 (9.3%)
Associates294 (11.4%)
Bachelors146 (5.6%)
Graduate Degree1,225 (47.4%)

Education

No HS: 2.2%HS Grad: 24.1%Some College: 9.3%Associates: 11.4%Bachelors: 5.6%Graduate: 47.4%Edu
No HS2.2%
HS Grad24.1%
Some College9.3%
Associates11.4%
Bachelors5.6%
Graduate47.4%
Housing & Income

Housing Tenure

Owner: 82.1%Renter: 17.9%Tenure
Owner82.1%
Renter17.9%

Home Value Distribution

Under $50k
7%
$50k–$100k
4%
$100k–$150k
5%
$150k–$200k
7%
$200k–$300k
21%
$300k–$500k
31%
Over $500k
25%

Financials

Median HH Income$71,875 ≈ Avg
Median Home Value$332,300 ▲ 19% above avg
Home/Income Ratio4.6x (nat avg ~3.5x)
Median Rent$918/mo
Total Housing Units3,014
Vacant Units1,567

Income Distribution

Under $25k
17%
$25k–$50k
13%
$50k–$75k
20%
$75k–$100k
12%
$100k–$150k
16%
$150k–$200k
10%
Over $200k
12%
Employment & Commute

How People Get to Work

Drove Alone
83%
Public Transit
0%
Walked
2%
Work From Home
15%

Commute Time

Under 15 min
47%
15–30 min
29%
30–45 min
9%
Over 45 min
15%
Housing Stock

Year Built

Before 1940
3%
1940s–1950s
7%
1960s–1970s
12%
1980s–1990s
19%
2000+
59%
About Frankfort, MI

Frankfort is a city in Michigan, located in Benzie County. The city spans 1 ZIP code and is home to approximately 3,367 residents. It is an older city, with a median age of 60.9 years.

Economically, Frankfort is a solidly middle-class community. The median household income of $71,875 is near the national average. Approximately 9.4% of residents live below the poverty line. The unemployment rate is 4.5%, near the national average.

The real estate market in Frankfort is a mid-range housing market. Median home values stand at $332,300, which is above the national average. Renters typically pay around $918 per month. Homeownership is high at 82.1%, typical of suburban and family-oriented communities.

The population of Frankfort is well-educated. 53.0% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (93.67%).

Frankfort, MI offers residents a cost-conscious lifestyle within Michigan.

ZIP Codes in Frankfort
ZIPPopulationMedian IncomeMedian HomeMedian RentUnemp.CollegeOwner Occ.
49635 3,367 $71,875 $332,300 $918 4.5% 53.0% 82.1%