Frankfort is located close to the center of New York. Frankfort is part of Herkimer County. Frankfort has 1.01 square miles of land area and 0.02 square miles of water area. As of 2010-2014, the total Frankfort population is 2,577, which has grown 1.58% since 2000. The population growth rate is lower than the state average rate of 3.26% and is much lower than the national average rate of 11.61%. Frankfort median household income is $39,929 in 2010-2014 and has grown by 54.02% since 2000. The income growth rate is much higher than the state average rate of 35.25% and is much higher than the national average rate of 27.36%. Frankfort median house value is $92,900 in 2010-2014 and has grown by 44.03% since 2000. The house value growth rate is much lower than the state average rate of 90.79% and is lower than 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 315.