Franklin, PA 16323 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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

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 — 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 Type	Median Home Value	YoY % Change
All Homes	$132,000	0.3%
Single Family	$132,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,490	$1,440
Studio Rent	N/A	N/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

Loading chart...

% 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.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$155,000	-6.0%
Listing Count	45	5.0%
Listings as % of Homes	0.6%	5.0%
Days on Market	88	12.0%

Loading chart...

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.

Metric	Latest Census	YoY % 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%

Loading chart...

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

Metric	Latest Census	5-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%

Loading chart...

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

Metric	Zip 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%

Loading chart...

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 Size	HUD Premium	Market Rent	Max 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

Franklin, PA—16323

Key Metrics at a Glance

Home Price Trends — Franklin, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, PA

% of Rental Stock

Property Listings — Franklin, PA

Demographics — Franklin, PA

Race and Ethnicity

Mortgage and Risk — Franklin, PA

Mortgages

Rentals and Section 8 — Franklin, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, PA

Home Price to Income Ratio

Franklin, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Reno

Cooperstown, PA

Polk, PA

Utica, PA

Kennerdell, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$132,000
Median Household Income	$62,200

Franklin, PA—16323

Key Metrics at a Glance

Home Price Trends — Franklin, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, PA

% of Rental Stock

Property Listings — Franklin, PA

Demographics — Franklin, PA

Race and Ethnicity

Mortgage and Risk — Franklin, PA

Mortgages

Rentals and Section 8 — Franklin, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, PA

Home Price to Income Ratio

Franklin, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Reno

Cooperstown, PA

Polk, PA

Utica, PA

Kennerdell, PA

Frequently Asked Questions

What is the average home price in Franklin, PA 16323?

How have home prices in Franklin, PA 16323 changed over the past year?

What is the home price projection for Franklin, PA 16323?

What are the demographics of Franklin, PA 16323?

How long does it take homes to sell in Franklin, PA 16323?

What is the average rent price in Franklin, PA 16323?