Is Frankfort, KY growing?

Frankfort, KY had an estimated 28,503 (±57) residents in 2020–2024, against 27,680 in 2015–2019.

That is a change of +3.0%, a measurable increase.

Its housing went from 13,802 to 13,877 homes (+0.5%), not a measurable change.

0.4% of today’s homes were built in 2020 or later.

Figures last updated on .

Residents now
28,503 (±57)
Amount of change
+3.0%
Homes change
+0.5%
Built 2020 or later
0.4%

Residents and homes in Frankfort, 2015–2019 and 2020–2024

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Residents27,680 (±40)28,503 (±57)+3.0%Measurable increase
Housing units13,802 (±325)13,877 (±364)+0.5%Not a measurable change
Households that rent51.3% (±3.1 points)51.2% (±3.5 points)−0.1 percentage pointsNot a measurable change
Median gross rent$759 (±$38)$944 (±$45)+24.4%No measurable change after inflation
Median home value$130,900 (±$3,930)$183,700 (±$12,791)+40.3%Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Growth in Frankfort against Franklin County, its state and the nation

Change between 2015–2019 and 2020–2024
ResidentsVerdictHousing units
Frankfort+3.0%Measurable increase+0.5%
Franklin County+2.6%Measurable increase+3.9%
Kentucky+1.9%Measurable increase+2.0%
United States+3.1%Measurable increase+4.6%

A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.

New homes in Frankfort

Housing units by year built, 2020–2024
Year builtFrankfortFranklin CountyKentuckyUnited States
2020 or later0.4% (±0.3 points)1.5%1.8%2.0%
2010 to 20192.9% (±1.3 points)3.8%9.1%9.4%
2000 to 20097.2% (±1.6 points)12.5%14.5%13.6%

3.3% of the homes in Frankfort were built in 2010 or later.

The median age of residents is 35.3 years.

Growth in places near Frankfort

Change in residents between 2015–2019 and 2020–2024
PlaceDistanceResidents nowAmount of changeVerdict
Frankfort—28,503+3.0%Measurable increase
Midway10 mi1,776−1.7%Not a measurable change
Lawrenceburg11 mi11,943+5.2%Measurable increase
Stamping Ground11 mi994+25.2%Not a measurable change
Versailles13 mi10,492+13.9%Measurable increase
Monterey16 mi92−22.0%Not a measurable change
Pleasureville17 mi1,123+0.5%Not a measurable change
Georgetown19 mi39,117+16.4%Measurable increase
Gratz20 mi80+1.3%Not a measurable change

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Frankfort

Is Frankfort growing?

Frankfort, KY had an estimated 28,503 residents in 2020–2024 and 27,680 in 2015–2019, a change of +3.0%: a measurable increase by the Census Bureau’s test.

How many homes have been added in Frankfort?

The estimated number of housing units went from 13,802 in 2015–2019 to 13,877 in 2020–2024 (+0.5%), not a measurable change.

How much new construction is there in Frankfort?

0.4% of homes in Frankfort were built in 2020 or later and 2.9% between 2010 and 2019.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Frankfort city, Kentucky (place:28900, in state:21).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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