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Franklin

Learn about the people, housing, costs and businesses in Franklin, Pennsylvania

Median Home$135,700
Median Rent$699/month
Population5,984
Leading IndustriesTransportation · Education · Public Administration6% transportation
Home Value Growth⬆⬆+18.6% over 2 years
Retirees23% of residentsslightly above average
Renters52% of occupied units
NotableAmenity Score86/100 · highly walkable area
NotableTransit94/100 · excellent transit access
Franklin
PA

Frequently Asked Questions

What are today's mortgage rates in Franklin?

As of today, the 30-year fixed mortgage rate for Franklin is approximately 7.437% (7.492% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Franklin?

The median home value in Franklin is $136k. The median monthly rent is $699. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin?

Home values in Franklin have increased 18.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Franklin?

Based on a typical all-in ownership cost of $784/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin is $51k/year.

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What industries drive the economy in Franklin?

The largest employment sectors in Franklin are public administration (29%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.