Home Insurance in Frankfort, Michigan
The median home value in Frankfort is $350,000, 23% higher than the Benzie County median.
The typical home in Frankfort was built around 1966. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 46% of homes were built before 1960, about 23 points above Benzie County's 23%.
Housing in Frankfort breaks down to 73% single-family homes, 23% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 56% of owner-occupied homes in Frankfort have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Frankfort has an owner-occupancy rate of 64% and a vacancy rate of 38%; unoccupied homes typically need a different coverage form.
In Frankfort, 81% of homes are primarily heated with natural gas.
Benzie County's top FEMA-rated hazard is winter weather (Relatively High), per FEMA's National Risk Index. Benzie County had 21 active NFIP flood policies as of September 2026. See the full Benzie 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 Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $350,000 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Winter Weather (Relatively High) |
| Active NFIP policies in Benzie County | 21 |
| Home insurance premium | $1,110 - 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)