States · Pennsylvania · Venango County

Franklin, Pennsylvania.

Typical home $128,568 (-1.8% in a year), asking rent $925 . Oil City, PA metro.

What it costs per month · Franklin $675/mo

to buy the typical home at today's mortgage rate — +$354 (+110%) since Jan 2020.

What the home itself did
1 year
Down $2,399 -2%
$130,966$128,568 since Sep 2025
5 years
Up $14,782 +13%
$113,786$128,568 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Franklin $675 Pennsylvania $1,507 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Franklin$675
  • Pennsylvania$1,507
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 28 years.

Typical home values in Franklin, PA fell 1.8% over the past year — slower than the nation's +1.2%.

Living in Franklin, Venango County, Pennsylvania

Franklin is a city of 6,077 people in Venango County. Half its households earn more than $47,117 a year and half less, against $61,522 across Venango County; 17% of its people live below the poverty line. 48% of its homes are lived in by their owners and 52% are rented. Unemployment in Venango County was 4.3% in August 2026, and the county had 1.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.

People 6,077 in the 2020 census; median age 44.4
Household income $47,117 the median, give or take $8,661 · Venango County: $61,522
Unemployment 4.3% Venango County, August 2026; 5.3% a year before
Homes 48% lived in by their owners; 52% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Franklin is a small city in Venango County, in northwestern Pennsylvania, where the residents are somewhat older than in many places. Incomes run below the county's, and a larger share of people live below the poverty line than is typical. Fewer homes are lived in by their owners than is usual, so renting is common, and a typical home costs less than in much of the country. Winters are cold and snowy, with January the coldest month, and summers are warm, with plenty of rain and melted snow through the year.

Work. Many residents work in schools, hospitals and social care, followed by shops, restaurants and hotels, and professional and business services. Among the larger workplaces in Franklin are Komatsu Mining, an engineering research and development operation, Liberty Electronics, which makes harness assemblies for electronic use, and Franklin Bronze Precision Components, a maker of metal castings. Commutes are short, and a fair number of people work from home. Jobs across the county have slipped a little over the past year.

Things to do. French Creek runs in or beside town, and Fort Machault, one of the area's old fort sites, is also close at hand. A short drive away are Oil Creek and Indian God Rock, an archaeological site. For a longer outing, Oil Creek State Park is a protected area a longer drive away.

Report a mistake
  • 2,622households
  • 23%of adults have a degree
  • 17%below the poverty line
  • 16 mintypical commute
  • 16%work from home

What residents work in

  • Schools, hospitals and social care29%
  • Shops (retail)14%
  • Restaurants, hotels and entertainment10%
  • Professional and business services9%
  • Manufacturing8%
  • Other services7%

Employed residents by industry, from the Census survey. Venango County had 15,993 jobs in 2025, 1.5% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 34° and 18°; warmest in July, 83° and 60° 20° 40° 60° 80° J 34° 18° F M A M J J 83° 60° A S O N D
Average daily high and low for each month: coldest in January, 34° and 18°; warmest in July, 83° and 60° 20° 40° 60° 80° J 34° 18° F M A M J J 83° 60° A S O N D

Coldest in January, with highs near 34° and lows near 18°; warmest in July, with highs near 83° and lows near 60°. About 54 inches of snow and 46 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Franklin weather station, a mile away (NOAA).

Largest workplaces in Franklin

  1. Komatsu MiningEngineering research and development laboratories or services301
  2. Liberty Electronics Inc - MainHarness assemblies for electronic use manufacturing144
  3. Franklin Bronze Precision ComponentsInvestment castings, nonferrous metal, unfinished, manufacturing92
  4. Franklin MarketsGrocery stores66
  5. Qualex WPA@ FranklinFarm buildings, prefabricated metal, manufacturing50
  6. Titusville EnterprisesConcrete reinforcing bar assemblies, fabrication44
  7. Welding TechnologiesElectrodes, welding, manufacturing32
  8. Jones HardwoodLumber made from logs or bolts29

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 804 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. LightningRelatively high
  2. Inland floodingrelatively high in parts of FranklinRelatively moderate
  3. Strong windRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Franklin’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Venango County and the Oil City, PA metro.

Franklin home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 Franklin $128,568 Pennsylvania $287,078 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • Franklin$128,568
  • Pennsylvania$287,078
  • United States$366,157

Sellers are cutting prices on about 1 in 6 Franklin listings — the market is heating up.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 15% 20% 25% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Franklin 18.15% United States 26.90%
10% 15% 20% 25% 2018 2022 2026
  • Franklin18.15%
  • United States26.90%

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Franklin 53
30 40 50 2018 2022 2026
  • Franklin53

New listings per month

Sellers arriving at the market.

5 10 15 20 2025 2026 Franklin 18
5 10 15 20 2025 2026
  • Franklin18

Median sale price

What buyers actually paid — closed sales, not asking prices.

Not enough data to draw this yet.

Zip codes with a Franklin address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Franklin