Frankston North at a glance
Median house
$670,000
Median unit
$591,000
Walk score
4
Very car dependent
Population
5,711
Median age 37
The brief
What to know about Frankston North.
The postcode for Frankston North is 3200 (VIC), part of Greater Melbourne.
The median house price in Frankston North is $670,000.
Frankston North (3200) sits in the Frankston region of Victoria. The median house here is $670,000, below the Victoria median of around $850K.
Frankston North has roughly 5,711 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Daily life is car-dependent: most residents drive to work, school and the shops.
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Day to day
What it’s like to live here.
Frankston North scores 4/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 11 government primary, 2 government secondary, 4 Catholic.
Who lives here
Demographics.
The 2021 Census put Frankston North's population at 5,711, with a median age of 37. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (52% own, 45% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (60% family households, 34% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
5,711
Median age
37
Family households
60%
Lone person
34%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $670,000 on a typical sale, below the Victoria median. Units come in around $591,000, roughly 12% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $134,000. Prices are below the Victoria median, which keeps Frankston North on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$670,000
+0.0% over the past year. Median unit price $591,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$315/wk
Weekly rent (unit)
$315/wk
Owner occupied
52%
Renter occupied
45%
At a deeper level
$670,000
$591,000
5,711
Median age: 37
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For investors
Investment overview.
Gross rental yield on houses sits at 2.44% (median rent $315/wk against a $670,000 price tag). Units yield 2.77% gross, often the better cash-flow play for first-time investors. With 45% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.44%
Based on $670,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20262.77%
Based on $591,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202652%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
640
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
4
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Frankston North.
Local schools for Frankston North
View the catchment for each school to find out more.
Government School Catchment
Mahogany Rise Primary School
Aldercourt Primary School
Monterey Secondary College
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Frankston North.
- What is the median house price in Frankston North?
- The median house price in Frankston North, VIC 3200 is $670,000. The median unit price is $591,000.
- What is the Frankston North postcode?
- Frankston North is in the 3200 postcode, in VIC, in the Frankston City Council region.
- Where is Frankston North?
- Frankston North is a suburb of Melbourne, in VIC 3200. It is part of the Greater Melbourne area, in the Frankston City Council region.
- What is the average rent in Frankston North?
- The median weekly rent for houses is $315, for units it's $315.
- What schools are in Frankston North?
- There are 20 schools serving Frankston North on this page, including Mahogany Rise Primary School, Aldercourt Primary School, Monterey Secondary College.
- How walkable is Frankston North?
- Frankston North has a Walk Score of 4 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Frankston North?
- Frankston North is close to Pines Forest, Karingal, Belvedere Park, Seaford, Carrum Downs.
- What is the population of Frankston North?
- The population of Frankston North is approximately 5,711 (2021 Census). The median age is 37.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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