Metropolitan Statistical Area (MSA):
Frankfort, KY is a Metropolitan Statistical Area (MSA) comprising counties including .
There are many factors influencing real estate trends in the Frankfort, KY metropolitan statistical area (MSA). The economy is a big one. When the economy is good, people are more likely to buy or upgrade homes. The population is another factor. If the population in an area is growing, that usually means there's more demand for housing. And finally, interest rates play a role in real estate trends. When interest rates are low, it's cheaper to borrow money to buy a home, so that can spur more buying activity.
Right now, the economy in Kentucky is doing well and unemployment is low. That's good news for the housing market. Additionally, Kentucky's population has been growing steadily for several years now. That means there's more demand for housing than there was in the past. And finally, interest rates remain at historically low levels. That makes it cheaper to borrow money to buy a home, so we expect to see continued strong demand for housing in our area.