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Franklin, PA—16323

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$132,000
0.3% YoY Growth
Household Income
$62,200
34.7% YoY Growth
Days on Market
88
12.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,490
14.3% YoY Growth
1-Bed Rent
$1,090
7.5% YoY Growth
2-Bed Rent
$1,400
4.6% YoY Growth
3-Bed Rent
$1,590
13.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Franklin, PA

As of Dec '25, the median home price in Franklin, PA is $132,000, with a year-over-year change of 0.3%. This indicates that home prices in Franklin, PA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$132,0000.3%
Single Family $132,0000.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $79,000
    -4.8%
    2 Bed
    		$106,000-1.9%
    3 Bed
    		$139,0001.5%
    4 Bed
    		$169,0003.0%
    5 Bed $194,3576.0%
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    % of Housing Stock

    Studio
    1.9%
    1 Bedroom
    6.2%
    2 Bedrooms
    27.7%
    3 Bedrooms
    47.2%
    4 Bedrooms
    13.2%
    5+ Bedrooms
    3.9%

    Rental Trends — Franklin, PA

    As of July '25, Rentcast reports the average rent in Franklin, PA is $1,440, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Franklin, PA is 1-bedrooms: $1,150, 2-bedrooms: $1,370, 3-bedrooms: $1,890, 4-bedrooms: $2,170. The most common rental property sizes in Franklin, PA are 2-bedroom and 3-bedroom, accounting for 38.1% and 31.2% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,490$1,440
    Studio Rent N/AN/A
    1 Bed Rent $1,090$1,150
    2 Bed Rent $1,400$1,370
    3 Bed Rent $1,590$1,890
    4 Bed Rent $1,690$2,170
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    % of Rental Stock

    Studio
    5.0%
    1 Bedroom
    14.2%
    2 Bedrooms
    38.1%
    3 Bedrooms
    31.2%
    4 Bedrooms
    7.4%
    5+ Bedrooms
    4.2%

    Property Listings — Franklin, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Franklin, PA is 89. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$155,000-6.0%
    Listing Count
    		455.0%
    Listings as % of Homes0.6%5.0%
    Days on Market
    		8812.0%
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    Demographics — Franklin, PA

    As of the latest ACS Survey released in 2023, Franklin, PA has a population of 14,700, which has decreased by -5.4% over the past 5 years. Franklin, PA is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		14,700-5.4%
    % Under 18
    		18.5%5.1%
    % Seniors
    		24.4%3.0%
    % WFH
    		10.5%183.8%
    % w/ College Degree
    		22.6%35.3%
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    As of the latest ACS Survey released in 2023, Franklin, PA is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Franklin, PA is black, making up 2.6% of the population. Foreign-born residents account for 0.8% of the population in Franklin, PA, and this percentage has increased by 33.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		92.2%-3.0%
    % Black
    		2.6%116.7%
    % Hispanic
    		0.8%-46.7%
    % Asian
    		0.2%-33.3%
    % Foreign Born
    		0.8%33.3%
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    Mortgage and Risk — Franklin, PA

    According to HUD data as of 2023, there were 189 mortgage originations in Franklin, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Franklin, PA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		189
    % Conventional Loans
    		82.0%
    % Government Loans
    		18.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Franklin, PA

    Franklin, PA lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		573
    Total Units Section 8
    		473
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		85.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$400$1,090$690
    2 Bedroom-$490$1,400$910
    3 Bedroom-$460$1,590$1,130
    4 Bedroom-$380$1,690$1,310

    Affordability — Franklin, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2
    Median Home Price$132,000
    Median Household Income$62,200

    Franklin, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions