Frankfort is located close to the center of Kentucky. Frankfort is between the Franklin, Anderson, Henry, Owen, Shelby, Woodford county. Frankfort has 14.32 square miles of land area and 0.30 square miles of water area. As of 2010-2014, the total Frankfort population is 27,389, which has shrunk 1.27% since 2000. The population growth rate is much lower than the state average rate of 8.45% and is much lower than the national average rate of 11.61%. Frankfort median household income is $40,622 in 2010-2014 and has grown by 16.13% since 2000. The income growth rate is much lower than the state average rate of 28.72% and is much lower than the national average rate of 27.36%. Frankfort median house value is $129,300 in 2010-2014 and has grown by 46.77% since 2000. The house value growth rate is higher than the state average rate of 40.25% and is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Frankfort is close to the state average in quality. The Frankfort area code is 502.