Rent to own Homes in Frankfort, IN
From its small and friendly festivals to its community focused parks, Frankfort is easily described as a close knit community. The only thing it has in common with its much larger German namesake Frankfurt is its love for hot dogs, which the town celebrates with the Hotdog Festival every summer. The rest of the time many of the 18,000 residents are working at the industrial park that acts as the headquarters of many national companies. If do you need to get into the big city, you can get to Indianapolis in under an hour.
Frankfort, IN is a great place for affordable rent-to-own homes! With a median household income of over $42,448 and a median rent of $731, the Frankfort, IN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Frankfort, IN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Frankfort, IN Property Resources
Rent to own Homes in Cities Near Frankfort, IN
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Neighborhoods in Frankfort, IN
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No zip codes foundBuying a Home in Frankfort, IN
Frankfort, IN is seeing rapid growth and Frankfort, IN's' housing market remains optimal with an average home price that is -60% below the 2025 national average. Frankfort, IN is part of Clinton county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Clinton is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Frankfort, IN
Median Rent in Frankfort, IN
Top 5 Reason to Move to Frankfort, IN
Industrious town! With 1,000 acres in development and 1,000 acres ready for development, the Frankfort industrial Park (F.I.P) is one of the biggest Industrial parks in Indiana. Among the 23 industries situated there are the national headquarters of Frito Lay and LEP Special Fasteners.
Plenty of fun and unique events! Frankfort holds plenty of fun events throughout the year. During the holidays, the city is officially lit at the TPA Park Holiday of Lights. The most popular event is the Hotdog Festival. Every July the city pays homage to the frankfurter with events such as motorcycle shows, derby cars, dog shows, and a 5k bun run. The highlight for many is the High Flying Hot Dogs Street Vault where kids and adults alike get the chance to jump over obstacles in the street.
Acres of open space! There are seven parks in Frankfort: TPA Park, John Redmond Park, Circle Park, Lawrence Ferrell Park, Luther Howe Park, and Frankfort Lagoons. The biggest, and where many of the city's main events take place, is the TPA Park. Geared towards people of all ages it has an Olympic-sized swimming pool, basketball and tennis courts, a baseball diamond, and shelters for picnics. The petting zoo in its center holds farm animals such as goats, peacocks, and chickens.
A low cost of living! The cost of living in Frankfort is below both the average cost of living in Indiana and in the USA. On average it costs only $83,000 to buy a house and $666 to rent a house. 40% of the population rent a property or rent to own.
Great location! Frankfort is one of those places that no matter where you buy a house, there is something to do. If you buy a house in the center for example you can try out many of the city's best restaurants, such as Little Caesars and Flavors House and Deli. Even if you buy a big 5 bedroom house as far as the north end of Main Street, however, you will still be within a few steps of Gem City Park.
