Home Insurance in Frankfort, Kentucky
With a median home value of $183,700, Frankfort is 15% lower than the Franklin County median.
The typical home in Frankfort was built around 1972. About 31% of homes were built before 1960, about 7 points above Franklin County's 24%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
Housing in Frankfort breaks down to 58% single-family homes, 23% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 61% of owner-occupied homes in Frankfort have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 49% of occupied homes in Frankfort are owner-occupied. The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
49% of homes in Frankfort are primarily heated with natural gas.
What's the biggest home insurance risk near Frankfort? FEMA's National Risk Index points to strong wind (Relatively High) in Franklin County and Franklin County had 254 active NFIP flood policies as of September 2026. See the full Franklin County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Kentucky is $1,525 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $183,700 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 49% |
| Share of owner-occupied homes with a mortgage | 61% |
| Top county hazard | Strong Wind (Relatively High) |
| Active NFIP policies in Franklin County | 254 |
| Home insurance premium | $1,525 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)