40601 — Frankfort, KY Home Values
Typical home value $247,546 as of June 2026 · 2nd of 2 in Frankfort, KY
Blue: typical home value (Zillow ZHVI) in ZIP code 40601, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40601 compares in the Frankfort, KY area
ZIP code 40601 (Frankfort, KY) has a typical home value of $247,546 as of June 2026, ranking 2nd of 2 ZIP codes tracked in the Frankfort, KY area, more expensive than about 50% of ZIP codes in the metro. Prices here have moved -1.9% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.5%, from $185,426 in June 2021 to $247,546 in June 2026. Against observed rent, the typical home here sells for 17.9× the annual rent ($1,151/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Frankfort, KY forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Frankfort.
Population and demographics
ZIP code 40601 has a population of 51,627, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 81.1% White, 8.8% Black or African American, 4.1% two or more races, 3.9% Hispanic or Latino, 1.7% Asian, 0.2% Native Hawaiian or Pacific Islander, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Peaks Mill Elementary | 100 Peaks Mill Rd, Frankfort, KY | 1.2 mi |
| Elkhorn Elementary School | 928 E Main St, Frankfort, KY | 2.5 mi |
| William Cofield High School | 1106 East Main Street, Frankfort, KY | 2.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 40601?
$247,546 as of June 2026, the latest month Zillow has published observed data for.
Is 40601 an expensive ZIP code in the Frankfort, KY area?
40601 ranks 2nd of 2 ZIP codes in the Frankfort, KY area by typical home value, more expensive than about 50% of ZIP codes in the metro.
How much have home values in 40601 changed over the past year?
-1.9% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40601?
The typical home price is 17.9× the observed annual rent in this ZIP code ($1,151/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40601?
51,627, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40601?
Peaks Mill Elementary (1.2 mi), Elkhorn Elementary School (2.5 mi), William Cofield High School (2.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 40601?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Frankfort, KY forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.