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Frankfort, Ohio Demographics & Population 2026

Very AffordableHome value to income ratio of 2.5x is exceptionally low

During the 2020–2024 ACS period, Frankfort, Ohio had a total population of 1,171, the 632nd largest village in Ohio, with a median household income of $67,500, which is 5% lower than the state average. The poverty rate is 9.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Frankfort Quick Facts

Population 1,171
Median Household Income $67,500
Median Home Value $168,200
Poverty Rate 9.8%
Unemployment Rate 0.4%
Median Age 44.3 years
Homeownership Rate 65.7%
Affordability Ratio 2.5x
Bachelor's Degree or Higher 14.5%
High School Graduation Rate 91.6%
Diversity Index 9/100
Population 1,171 632nd of 1,264
Median Income $67,500 average
Poverty Rate 9.8% 22% lower than national
Median Home Value $168,200 average

How Frankfort Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,4191,171-17.5%
Median household income$62,583$67,500+7.9%
Median home value$159,100$168,200+5.7%

How Frankfort Compares

Economy & Housing

Household Income Distribution

Under $25K 16.7%
$25K-$50K 13.7%
$50K-$100K 50.4%
$100K+ 19.1%
Detailed income brackets
Under $10K
3.2%
$10K-$15K
4.8%
$15K-$20K
3.6%
$20K-$25K
5.0%
$25K-$30K
4.4%
$30K-$35K
3.6%
$35K-$40K
1.2%
$40K-$45K
2.4%
$45K-$50K
2.0%
$50K-$60K
10.5%
$60K-$75K
11.5%
$75K-$100K
28.4%
$100K-$125K
5.4%
$125K-$150K
5.4%
$150K-$200K
7.1%
$200K+
1.2%

Employment

0.4% Unemployment Rate State: 4.8%|National: 5.2%
56.4% Labor Force Participation

Housing Overview

Owner 65.7%
Renter 34.3%
Affordability Index Very Affordable
2.5x home value to income ratio
Median gross rent $852/mo 15.1% of median household income annually

People & Demographics

Diversity Index

9out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Frankfort Rankings in Ohio

#632 Population of 1,264
#576 Median Income of 1,191
#796 Education of 1,264
#516 Home Value of 1,206

Other Cities in Ross County

CityPopulationMedian IncomePovertyHome Value
Chillicothe 21,902 $54,086 17.4% $162,500
Greenfield 3,966 $46,875 20.0% $113,700
Kingston 703 $40,357 26.3% $157,200
Massieville 642 $58,255 0.0% $139,700
Bainbridge 617 $56,250 25.4% $97,700
Bourneville 509 N/A 4.9% $84,300
Andersonville 495 $83,355 8.5% $223,900
Richmond Dale 473 $64,438 0.0% $87,000
Clarksburg 464 $49,107 36.0% $116,100
Adelphi 316 $39,107 26.1% $164,300

Cities Similar to Frankfort

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Green Springs1,170$69,531$83,1008.1%8.7%
Miamitown1,169$65,395$27,50021.1%8.0%
Twinsburg Heights1,144N/A$158,30024.9%28.1%
Flushing1,149$66,850$96,60013.1%16.1%
Prospect1,157$70,833$164,10018.8%11.5%

Population Overview

Frankfort is a small community located in Ohio, within Ross County. The total population is 1,171. It ranks as the 632nd most populous out of 1,264 Census-designated places in Ohio.

Age Demographics

The median age in Frankfort is 44.3 years. This is 12% higher than the state median of 39.7 years. 12.0% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Frankfort is $67,500. This is 5% lower than the state median of $71,389. It is also 16% lower than the national median of $80,734. The poverty rate stands at 9.8%. This is 27% lower than the state poverty rate of 13.3%. The unemployment rate is 0.4%. This is 92% lower than the state rate of 4.8%. The median home value is $168,200. Housing costs are 22% lower than the state median of $214,800. With a home-value-to-income ratio of just 2.5x, Frankfort is one of the most affordable housing markets in the area. 65.7% of occupied housing units are owner-occupied. This homeownership rate is 2% lower than the state average of 67.2%.

Race & Ethnicity

Frankfort has a predominantly White (non-Hispanic) population, comprising 95.1% of all residents. Black or African American residents account for 1.1%. The Black or African American population (1.1%) is well below the state average of 12.0%. The Hispanic or Latino population (0.2%) is well below the state average of 4.8%.

Education

14.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 54% lower than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.6%.

Data Sources & Methodology

All demographic data for Frankfort, Ohio is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Frankfort, Ohio?

Frankfort, Ohio has a population of 1,171 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Frankfort, OH?

The median household income in Frankfort is $67,500, which is 16% lower than the national median of $80,734.

What is the poverty rate in Frankfort, OH?

The poverty rate in Frankfort is 9.8%. This means approximately 112 residents live below the federal poverty line.

What is the racial makeup of Frankfort, Ohio?

Frankfort's population is 95.1% White, 1.1% Black, 0.2% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Frankfort, OH?

The median home value in Frankfort is $168,200. The home-value-to-income ratio is 2.5x.

How educated is Frankfort, Ohio?

14.5% of adults (25+) in Frankfort hold a bachelor's degree or higher, and 3.9% hold a graduate or professional degree.