Frankfort, IN

There is no doubt that the housing market in the Frankfort, IN metropolitan statistical area (MSA) has been on a roller coaster ride over the past few years. After reaching an all-time high in 2006, home prices began to plummet in 2007 and 2008, leaving many homeowners "underwater" on their mortgages. The good news is that prices have begun to rebound in recent years, and the trend looks to be continuing into the foreseeable future.

According to the most recent data from Zillow, the median home value in Frankfort is currently $142,700, which is up nearly 5% from last year. This is welcome news for those who were hit hard by the housing crisis, and it appears that things are finally starting to turn around.

One of the main reasons for this uptick in values is due to the fact that there has been a decrease in foreclosures throughout MSA. In fact, foreclosure filings are down nearly 60% from their peak back in 2010. This has helped to stabilize prices and give buyers more confidence when making a purchase.

Another positive trend that is taking place is that more people are moving into MSA than ever before. This is likely due to job growth and increased opportunities in the area. As more people move into Frankfort, there will be more demand for housing which should help drive prices even higher.

If you are thinking about buying a home or investing in real estate within MSA, now may be a great time to do so. Prices are on the rise and there are plenty of positive trends taking place within the market. With interest rates still near historic lows, there has never been a better time to make your move!