Home Insurance in Frankfort, New York
The median home value in Frankfort is $128,200, 13% lower than the Herkimer County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The median home in Frankfort was built in 1939 or earlier. About 77% of homes were built before 1960, about 22 points above Herkimer County's 55%.
The housing stock in Frankfort is 70% single-family homes, 6% apartments in buildings with 5+ units and 2% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 52% 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 76% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
65% of homes in Frankfort are primarily heated with natural gas.
Herkimer County's top FEMA-rated hazard is inland flooding (Relatively Moderate), per FEMA's National Risk Index. Herkimer County had 337 active NFIP flood policies as of September 2026. See the full Herkimer County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in New York is $1,801 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $128,200 |
|---|---|
| Median year built | 1939 or earlier |
| Owner-occupied share | 76% |
| Share of owner-occupied homes with a mortgage | 52% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Herkimer County | 337 |
| Home insurance premium | $1,801 - 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)