The story of this market
The typical home in ZIP 46041 sells for about $210,000, or $144 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $906 a month.
ZIP 46041 — Frankfort
The 46041 housing market in Frankfort, Indiana, is characterized by a low median price point of $210,000 and stagnant year-over-year price growth. Market activity has slowed, with homes taking longer to sell compared to the previous year, reflecting broader economic pressures in the region.
This ZIP is primarily suited for local buyers seeking a low-cost entry point into the housing market, though investors should exercise caution due to slower price appreciation and management overhead.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 10.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46041
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
The local economy is centered around the Frankfort micro area, which has faced economic pressure over the last decade.
Data sourced from Census Reporter and local market reports.
- Malibu Jack's Lafayette4.717.5 mi
- Exploration Acres4.712 mi
- Tropicanoe Cove4.419.3 mi
- Get Air Trampoline Park4.117.8 mi
- Mission: Breakout Lafayette4.918.7 mi
- Dull's Tree Farm and Pumpkin Harvest4.89.5 mi
- Exploration Acres4.712 mi
- Boone County Fairgrounds4.519.4 mi
- Mike Aulby's Arrowhead Bowl4.518.3 mi
- The Sixpence4.919.1 mi
- TPA Park4.61.9 mi
- Art Museum of Greater Lafayette4.620 mi
- The Haan Museum of Indiana Art4.819.8 mi
- Fowler House Mansion4.520 mi
- TPA Park4.61.9 mi
- Frankfort Lagoons4.51.2 mi
- Prairie Creek Park4.72 mi
- Deer Track Golf Club4.65 mi
- Angel Hill Golf Course4.29.6 mi
- Frankfort Commons Golf Course4.31.8 mi
- Rural King4.43.4 mi
- Ruler Foods4.52.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.