The median home in Frankfort, Michigan is valued at $482,497, up 1.5% year over year. Frankfort is part of the Traverse City, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$482,497

+1.5%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$96,499 on $482,497

Example: $75,000 household income. Change it above to see your own.

Out of reach51.1% of income

Need $136,800/yr to afford.

PITI$3,192

P/I51.1%

Afford$265K

Gap-$218K

P&I $2,440Tax $619Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Frankfort with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Traverse City, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.

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Frankfort, MI