Frankfort, KY

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Frankfort short-term rental market based on reliable data.

Listings

298 / 427

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$33,278

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$242,757

Median Home Sale Price

Top Earners

$91,564

Top-Earners Revenue

Frankfort

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Frankfort.

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C

Challenging to Investors

Frankfort Regulations

Owner‑occupied STRs are allowed broadly with simple licensing, but non‑owner‑occupied STRs are limited to two special districts with strict caps (5% in Special Capital, max 8 units in Historic) and conditional use approvals, plus a $250 annual fee, business license, inspections, and local tax remittance—making compliance costly and constrained.

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About Frankfort

Frankfort is the capital city of the U.S. state of Kentucky and the seat of Franklin County. It is a home rule-class city. The population was 28,602 at the 2020 United States census. Located along the Kentucky River, Frankfort is the principal city of the Frankfort, Kentucky Micropolitan Statistical Area, which includes all of Franklin and Anderson counties. It is the 4th least populous state capital in the United States, and the 13th most populous city in Kentucky.Before Frankfort was founded, the site was a ford across the Kentucky River, along one of the great buffalo trails used as highways in colonial America. English explorers first visited the area in the 1750s. The site evidently received its name after an incident in 1780, when pioneer Stephen Frank was killed in a skirmish with Native Americans; the crossing was named "Frank's Ford" in his memory. In 1786, the Virginia legislature designated 100 acres as the town of Frankfort and, after Kentucky became a state in 1792, it was chosen as capital.The city is located in the inner Bluegrass region of Kentucky. The Kentucky River flows through the city, making a turn as it passes through the center of town; the Downtown and South Frankfort districts are opposite one another on each side of the river. The suburban areas on either side of the river valley are known as East and West Frankfort. Frankfort has four distinct seasons; winter is normally cool with some snowfall, while summers are hot and humid.Because of the city's location on the Kentucky River, it has flooded many times, with the two highest recorded floods occurring in 1937 and 1978. The North Frankfort levee, finished in 1969, and the South Frankfort floodwall, built in the 1990s, were constructed for flood protection. Five bridges cross the river in downtown Frankfort, including the St. Clair Street bridge and Capitol Avenue bridge. Notable locations include the Kentucky State Capitol building, the Capital City Museum, and Fort Hill, a promontory with a view of downtown. As of 2016, the city's largest industry was public administration with 28% of the workforce. Manufacturing totaled over 12% of the workforce. Frankfort is adjacent to Interstate 64, and Interstate 75 is nearby; general aviation access is via the Capital City Airport, and commercial air travel is available through Blue Grass Airport in Lexington.

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