Frankfort, KY Real Estate & Lifestyle Guide

If you're considering living in Frankfort, Kentucky, this comprehensive guide will help you understand the community and Frankfort real estate market. We cover everything from homes for sale in Frankfort Kentucky and neighborhood highlights to local schools and amenities, providing homebuyers (and sellers) a detailed look at what life in the Frankfort area has to offer.

Community Overview of Frankfort, KY

Frankfort is Kentucky’s capital city, offering a unique blend of small-town charm and rich history. As a place to live, Frankfort is defined by its historic character, scenic environment, and community-oriented feel. Residents enjoy a picturesque downtown with well-preserved 19th-century buildings and the Kentucky River meandering through town, all while being conveniently located between Lexington and Louisville.

Home styles in Frankfort are diverse – you’ll find everything from historic homes near downtown (some dating to the 1800s) to classic mid-century ranch and split-level houses in established neighborhoods, as well as newer modern developments in the outskirts. This variety means buyers can choose a cozy older bungalow with character, a spacious suburban two-story, or even a low-maintenance townhome or condo. Each neighborhood in Frankfort, KY offers its own charm, whether it’s tree-lined historic districts or newer subdivisions with modern amenities.

Real estate market: Overall, the Frankfort real estate market offers good value compared to larger cities, with a range of home types to suit different preferences and budgets.¹

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Frankfort, KY Real Estate Market & Lifestyle

Frankfort’s lifestyle is often described as quiet, family-friendly, and steeped in history. As the state capital, the city has a proud heritage – from the grand Kentucky State Capitol building to the charming Old State Capitol downtown – which lends a distinctive historic ambiance. At the same time, everyday life in Frankfort is relaxed and community-focused. Neighbors know each other, and local events and festivals bring residents together throughout the year. The city’s scenic beauty (nestled in the Bluegrass region’s rolling hills and along the Kentucky River) also makes it attractive to those who appreciate nature and a slower pace of life. Don’t expect big-city nightlife here; instead, Frankfort offers cozy local restaurants, bourbon tasting rooms, and seasonal downtown events that capture a small-town spirit.

Major employers & economy: Being the capital, Frankfort’s economy is anchored by government. Nearly 28% of the local workforce is employed in public administration (state government). The presence of state agencies and the legislature provides a stable employment base. In addition, Frankfort hosts Kentucky State University, a local HBCU, and has several manufacturing and bourbon industry employers. Major private-sector employers include Buffalo Trace Distillery (a world-famous bourbon distillery) and manufacturing companies like Montaplast and Topy, among others. The education, healthcare, and retail sectors are significant as well, each accounting for around 10–15% of jobs locally. Many residents work right in Frankfort, but some commute to nearby cities for work, taking advantage of the city’s central location.²

Commuting & transportation: Frankfort lies roughly halfway between Lexington and Louisville, making it feasible for some to commute to those larger cities. Lexington is about 30 miles (a 30–40 minute drive) east, and Louisville is about 50 miles (under an hour) west via Interstate 64. Frankfort sits directly on I-64 and is about 20 minutes from I-75 (north-south), giving residents quick highway access in all directions. Within Frankfort, most residents rely on cars – the city is car-dependent overall, and outside of the downtown core it’s not very walkable (Frankfort has a low walkability score around 29).³ However, downtown Frankfort is pedestrian-friendly, with shops, eateries, and government buildings in close proximity. There is a small public transit system (Frankfort Public Transit) providing local bus routes, but it’s limited. For regional travel, residents use the Blue Grass Airport in Lexington (about a 30-minute drive) for flights, or Louisville’s Muhammad Ali International Airport (~1 hour) for more options. Commuting within Frankfort is typically easy – with a small-city traffic flow, you can drive across town in 15 minutes or less. Overall, transportation in Frankfort is convenient by car, and the city’s central Kentucky location makes it easy to reach other parts of the state.

Schools, Parks & Amenities in Frankfort, KY

Frankfort appeals to families in part due to its educational options and kid-friendly amenities. The area is served by both Franklin County Public Schools and Frankfort Independent Schools. Frankfort High (the city’s small public high school) is known for its close-knit community and strong tradition, while Franklin County High and Western Hills High serve larger student bodies in the county with a variety of programs. In addition to public schools, Frankfort has a few private and parochial schools – for example, Frankfort Christian Academy (a K-12 Christian school) and Good Shepherd Catholic School (elementary/middle) – providing alternative education choices. Overall, the presence of decent schools and a local university (KSU) gives Frankfort a well-rounded educational environment.

For school rankings for Franklin County and Frankfort Independent, visit GreatSchools.org and Niche.com.

When it comes to recreation and amenities, Frankfort offers more than you might expect from a smaller city. Parks and outdoor spaces are abundant: residents can explore Cove Spring Park (a nature preserve with hiking trails, waterfalls, and wildflower meadows) or enjoy sports and swimming at Juniper Hill Park, which features an aquatic center and golf course. Lakeview Park offers ballfields, a dog park, and hosts county fairs and events, while the Capitol View Park is popular for mountain biking and disc golf. For a scenic overlook, many visit the Leslie Morris Park at Fort Hill, where Civil War earthwork forts remain and you get panoramic views of downtown. Frankfort’s location along the Kentucky River also means opportunities for kayaking, fishing, and riverside walks – the River View Park downtown connects to trails and showcases historical sculptures along the water.

History and culture are woven into everyday life here. Locals and visitors alike admire the majestic Kentucky State Capitol building and its blooming floral clock gardens, or tour the Old State Capitol and the Thomas D. Clark Center for Kentucky History to learn about Kentucky’s past. The city’s bourbon heritage is a big draw as well – Buffalo Trace Distillery, the oldest continuously operating bourbon distillery in the U.S., is located in Frankfort and offers regular tours and tastings (a must-do even for residents). There’s also Castle & Key Distillery and other distilleries in the surrounding region for bourbon enthusiasts. Frankfort’s downtown features local boutiques, antique shops, and eateries – you might grab coffee at a cafe on Broadway Street or dine at a farm-to-table restaurant in a renovated historic building. The downtown farmers market is a weekly event in season, and arts and crafts fairs pop up on the Old Capitol lawn throughout the year.

Community events and entertainment in Frankfort maintain a friendly, small-town atmosphere. Popular annual events include the Candlelight Tradition (a festive holiday kickoff each November when downtown shops stay open late and the Christmas lights at the Capitol are illuminated) and the Summer Concert Series, which brings live music to the Old Capitol lawn on Friday evenings in summer. There are also bourbon-themed events, arts festivals, an Independence Day celebration, and the Franklin County Fair. For everyday fun, families take advantage of venues like the Salato Wildlife Education Center (with live native animals and interactive exhibits) and the Josephine Sculpture Park just outside town. With Lexington and Louisville a short drive away, residents can easily take day trips for big concerts, shopping malls, or university sports, but many find that Frankfort’s own mix of parks, history, food, and community events is more than satisfying. In short, living in Frankfort, KY means enjoying a peaceful, historic small city with plenty of outdoor beauty and a strong sense of community.

Local Real Estate Expertise

Navigating the Frankfort housing market is easier with the help of an experienced local agent. CENTURY 21 Simpson & Associates has served Frankfort and Central Kentucky for over 40 years, giving us unparalleled insight into Frankfort KY neighborhoods and market trends. Whether you’re searching for your dream home in Frankfort or looking to sell, our team’s expertise and deep community roots ensure you have a trusted partner every step of the way. Contact us to learn more about Frankfort real estate opportunities and let us help you make this charming capital city your home.

Newcomers Guide to Frankfort/Franklin County, KY

If you know that Frankfort/Franklin County is where you want to live, request our Newcomers Guide to Frankfort/Franklin County, KY to help you get settled faster!

Your FREE guide includes:

    • An overview of the area, how to get here, and what weather to expect.
    • Information of utilities, driver’s licenses, and car registration.
    • School, bank, and healthcare options
    • New sources, restaurants, shopping, entertainment, and sports.

Sources

  1. Zillow and Redfin Frankfort KY housing data (2020–2025 trends)
  2. Kentucky Cabinet for Economic Development and U.S. Census Bureau (Employment by Industry)
  3. Redfin.com - Frankfort Walkability and Transportation Score

Disclaimer

The information provided in this guide is believed to be accurate and reliable at the time of publication; however, it is not guaranteed and is subject to change without notice. All real estate data, market statistics, school ratings, employer details, and community descriptions are provided for general informational purposes only and should not be relied upon as legal, financial, or real estate advice. Readers are encouraged to verify all information independently and consult with qualified professionals regarding their specific needs.