HomeMichiganBenzie CountyFrankfort
Frankfort, Michigan: commercial real estate data.
Frankfort is a Census city of 1,225 people across 1.39 square miles of land, in Benzie County. Median household income is $54,327, 64.1 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $1.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Frankfort
What Frankfort is
- Census place typecity
- Land area1.39 sq mi
- Water area0.2 sq mi
- Population per square mile of land881
- County holding the largest share of its areaBenzie County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Frankfort
How many people live in Frankfort
- Population1,225
- Median age62.3
- Population under 18170 plus or minus 43
- Share under 1813.9 percent plus or minus 3.2
- Population 65 and over542
- Share 65 and over44.2 percent
- Households569
- Family households300
- Share of households that are families52.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Frankfort
Income and work in Frankfort
- Median household income$54,327
- Per capita income$40,366
- Civilian labor force387 plus or minus 79
- Employed361 plus or minus 79
- Unemployed26 plus or minus 19
- Unemployment rate6.7 percent plus or minus 4.7
- Adults 25 and over997
- Adults 25 and over with a high school diploma or higher94.1 percent
- Adults 25 and over with a bachelor degree or higher39.7 percent
- Adults 25 and over with a graduate degree21.7 percent plus or minus 5.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Frankfort
Housing in Frankfort
- Housing units917
- Occupied units569
- Vacant units348 plus or minus 74
- Vacancy rate37.9 percent
- Owner occupied365
- Renter occupied204 plus or minus 50
- Ownership rate64.1 percent
- Median owner-occupied home value$350,000
- Median gross rent, monthly$876
- Annual rent as a share of median income19.3 percent
- Single family units672
- Share single family73.3 percent
- Units in buildings of two or more235 plus or minus 62
- Share in buildings of two or more25.6 percent plus or minus 6.2
- Mobile homes10 plus or minus 11
- Median year structure built1966
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Frankfort
How Frankfort gets to work
- Workers 16 and over who commute332 plus or minus 76
- Commuting under 15 minutes209 plus or minus 52
- Share commuting under 15 minutes63.0 percent
- Commuting 30 minutes or more43 plus or minus 21
- Share commuting 30 minutes or more13.0 percent plus or minus 5.6
- Drove alone68.8 percent
- Carpooled8.9 percent plus or minus 5.9
- Public transport0.3 percent plus or minus 0.5
- Walked8.3 percent plus or minus 5.4
- Worked from home10.8 percent plus or minus 6.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Frankfort
SBA loans in Frankfort (7(a))
- Approvals5
- Gross approval$1,594,200
- Average approval$318,840
- Median approval$275,000
- Largest approval$790,300
- Jobs supported65
- Jobs per approval13.0
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Frankfort, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Frankfort
SBA loans in Frankfort (504)
- Approvals6
- Gross approval$1,291,000
- Average approval$215,167
- Median approval$209,000
- Largest approval$270,000
- Jobs supported16
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Frankfort, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Frankfort
Flood risk in Frankfort
- NFIP communityCity of Frankfort
- NFIP community number260029
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/23/21
The City of Frankfort participates in the National Flood Insurance Program as community 260029 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Benzie County, not Frankfort
Benzie County context, not Frankfort figures
- Establishments in Benzie County474
- Covered employment, Benzie County4,882
- Average annual pay, Benzie County$45,619
- Housing units permitted, Benzie County110
Every figure in this section is published for Benzie County as a whole and is not a measurement of Frankfort.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Frankfort questions, answered from the record.
How many people live in Frankfort, Michigan?
1,225, in 569 households. Frankfort city covers 1.39 square miles of land, which is 881 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Frankfort in?
Benzie County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Frankfort?
$54,327. The median owner-occupied home is valued at $350,000. Median gross rent is $876 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Frankfort businesses?
5 7(a) approvals totaling $1.6 m since FY2020, across 4 lenders, median approval $275,000, plus 6 504 approvals worth $1.3 m since FY2010. These count approvals to borrowers whose address is in Frankfort, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Frankfort borrowers get paid back?
No rate is published for Frankfort. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Frankfort in the National Flood Insurance Program?
Yes. Frankfort appears in the FEMA Community Status Book as Frankfort, city of, community 260029, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Frankfort figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Benzie County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Frankfort.
Is zoning published for Frankfort?
No. Nothing on this page presents parcel level zoning.