Commercial Real Estate Market in Frankfort, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 97 off-market properties in Frankfort, OH.
Market Trends
Frankfort, OH spans 75.8 square miles in Ross County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Frankfort, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Frankfort, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Frankfort, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Frankfort, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.6%
- Industrial 20.1%
- Commercial 4.2%
- Planned_development 3.1%
Largest Zones share of zoned land by district
Historic Village Residential
Industrial
Low Density Residential
Multifamily Residential
Low Density Residential
Frankfort, OH zones 324 acres across 10 districts. Commercial zoning covers 4.2% of zoned land, residential 72.6% and industrial 20.1%. The largest single district is Historic Village Residential at 55.6%. For commercial buyers the practical constraint is that only 24.3% of land carries a commercial or industrial designation.
Historic Village Residential (R-3)
The intent of this District is to provide areas for single family residential housing sites within the older portions of Frankfort at densities consistent with existing development on platted lots,
Market overview
Demographics & Economy
Frankfort, OH has 5,429 residents in 2,450 households. Density runs 72 people per square mile. Median household income here is $69,786 and median gross rent $936 a month.
5,429
Population
2,450
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
92%
High-School Grad
75.8 sq mi
ZIP Area
72
Density / Sq Mi
$69,786
Median Household Income
$39,968
Median Earnings
$936
Median Rent
$167,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clarksburg | — | — |
| Lyndon | — | — |
| South Salem | — | — |
| Bourneville | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Frankfort?
Frankfort, OH zones 324 acres across 10 districts, of which 4.2% is commercial and 20.1% industrial. The largest single district is Historic Village Residential at 55.6% of zoned land. The intent of this District is to provide areas for single family residential housing sites within the older portions of Frankfort at densities consistent with existing development on platted lots, Residential zoning covers 72.6% and open space 0%.
Where does Realmo's Frankfort market data come from?
Realmo compiles Frankfort, OH figures from 2 recent recorded sales, 5 active sale listings, 97 tracked off-market properties, the current Frankfort zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Frankfort, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 324 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
