Frankfort was platted in 1882. Some say it was named after Frankfurt, in Germany, while others believe the town has the name of Frankfort I. Fisher, a pioneer settler. A post office has been in operation in Frankfort since 1882.
As of the census of 2010, there were 149 people, 61 households, and 37 families residing in the city. The population density was. There were 82 housing units at an average density of. The racial makeup of the city was 94.6% White, 3.4% Native American, and 2.0% from other races. Hispanic or Latino of any race were 2.0% of the population. There were 61 households, of which 24.6% had children under the age of 18 living with them, 50.8% were married couplesliving together, 6.6% had a female householder with no husband present, 3.3% had a male householder with no wife present, and 39.3% were non-families. 32.8% of all households were made up of individuals, and 13.1% had someone living alone who was 65 years of age or older. The average household size was 2.44 and the average family size was 3.19. The median age in the city was 42.6 years. 29.5% of residents were under the age of 18; 4.1% were between the ages of 18 and 24; 18.1% were from 25 to 44; 26.8% were from 45 to 64; and 21.5% were 65 years of age or older. The gender makeup of the city was 49.7% male and 50.3% female.
2000 census
As of the census of 2000, there were 166 people, 81 households, and 43 families residing in the city. The population density was 214.4 people per square mile. There were 99 housing units at an average density of 127.9 per square mile. The racial makeup of the city was 98.80% White, 0.60% Native American, 0.60% from other races. Hispanic or Latino of any race were 0.60% of the population. There were 81 households, out of which 18.5% had children under the age of 18 living with them, 48.1% were married couples living together, 4.9% had a female householder with no husband present, and 46.9% were non-families. 40.7% of all households were made up of individuals, and 14.8% had someone living alone who was 65 years of age or older. The average household size was 2.05 and the average family size was 2.84. In the city, the population was spread out, with 20.5% under the age of 18, 6.6% from 18 to 24, 15.7% from 25 to 44, 31.9% from 45 to 64, and 25.3% who were 65 years of age or older. The median age was 49 years. For every 100 females, there were 115.6 males. For every 100 females age 18 and over, there were 109.5 males. The median income for a household in the city was $30,357, and the median income for a family was $39,688. Males had a median income of $22,500 versus $17,000 for females. The per capita income for the city was $14,989. About 4.3% of families and 9.2% of the population were below the poverty line, including 18.8% of those under the age of eighteen and 12.2% of those 65 or over.
