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Franklin

Franklin

Located in Venango County

$163,410 Average Value
$102 Average Price per Sq Ft
37 Homes For Sale

Oil boom architecture and small-town events in Franklin

As oil flowed like the waters of the Allegheny River from Venango County's derricks, Franklin became its lively, magnificently designed seat. The Oil Region’s prosperity and population have declined since the 19th century, but a combination of historic architecture, river valley beauty and lower-cost real estate has eased the city's changing role. Taking on the slogan ‘Always Eventful,’ Franklin is now a center of culture and quirky festivals near western Pennsylvania’s rich collection of rural recreation areas. “There’s always something going on around here, always something to do on the weekend,” says William Moon Jr., broker owner at Gates & Burns Realty, who was born and raised in Venango County. “New blood comes in from all walks of life. Artists from New York, California, Texas, South Carolina, all wanting the four seasons, the river and a more reasonably priced home.”

Riverfront blocks of 19th- and 20th-century homes

Most of Franklin’s homes were built on closely plotted blocks near French Creek and the Allegheny River in the late 19th through the early 20th centuries. Although simple National homes are common along these sidewalk-lined streets, buyers can also find Victorian homes with more ornate cornices and wraparound porches. Farther from the water, subdivisions full of ranch-style homes were built into gently rolling hills from the 1950s through the 1970s. Homes range from 19th-century farmhouses to 21st-century custom construction along quiet country roads, hidden on larger properties. A fixer-upper on a small, city lot may sell for around $20,000, while a home in good condition set on dozens of rolling acres can go for $620,000. Franklin’s median single-family home price is about $150,000, significantly lower than the national median.

A Victorian-era commercial district of modern businesses

A short walk from the Italianate Venango County Courthouse, red brick commercial buildings line downtown Franklin’s small business district. Victorian-era buildings from the city’s oil boom house high-end eateries like Bella Cucina and casual go-tos like Leonardo’s Restaurant and Pizzeria. Trails to Ales Brewery draws crowds thanks to its pub food, craft beer and rail trail-supporting mission. Within a block of Liberty Street Antiques, locals might play century-old instruments at DeBence Antique Music World or catch a performance at the Barrow-Civic Theatre. Sander’s Markets and Save A Lot are the area's main grocery stores. Many historic churches hold services throughout the borough; the stained-glass windows at St. John’s Episcopal Church were crafted by Tiffany Studios.

Applefest and competitive stone skipping

John Chapman, the real Johnny Appleseed, planted trees through Franklin as he traveled along French Creek. This legend became the root of the borough’s annual Applefest. Grown from an apple pie baking contest into a three-day autumnal extravaganza, it’s been a beloved borough tradition for over 40 years. More than 100,000 attendees arrive in town to browse hundreds of vendors, listen to live music and sample apple-flavored baked goods.

From the edge of Riverfront Park, the confluence of French Creek and the Allegheny River looks like a mirror; it’s a perfect, placid spot for the summertime Rock in River Festival and Pennsylvania Stone Skipping Championship. Franklin became a destination for this niche hobby after a series of high-profile world record throws through the 2000s. "A guy from Japan won in 2024, skipped a stone 40-something times,” Moon says. “Locals do it, but people come from all over.”

Attending Franklin Area School District

Franklin is served by the Franklin Area School District. Kindergarteners through fifth graders may attend a few elementary schools, including Central Elementary School, which earns a C-minus from Niche. Franklin Area Junior Senior High School serves sixth through 12th grades and also scores a C-minus. Older students can earn dual enrollment credit through institutions like the University of Pittsburgh at Bradford.

Rail trails, river recreation, local playgrounds and state parks

Cyclists traverse old railway bridges and tunnels on the Allegheny River Trail and Sandy Creek Trail. To get into the Allegheny instead of pedaling alongside it, residents head to the Franklin Boat Launch. Several classic community parks sprinkle the borough, but the sight and sound of the Allegheny River make the playground and tree-shaded walking trails at Riverfront Park the most popular. Many daytrip-ready western Pennsylvania recreation areas are within 30 minutes of Franklin, from Oil Creek and Maurice K. Goddard state parks to hunting grounds like State Game Lands Number 130.

Venango County and Interstate 79 commuting

As the Venango County seat, Franklin is a destination for many state and local government workers. UPMC Northwest, the region’s hospital, is about 10 miles away. Though many residents drive to get around, CATA buses make stops around Franklin and in nearby hubs like Oil City and Seneca. U.S. Routes 322 and 62 take locals toward larger highways like Interstate 79. Pittsburgh is about an hour and a half away. Erie International Airport is around 60 miles from home.

Flood risk near French Creek and the Allegheny River

Low-lying areas along French Creek and the Allegheny River may flood after unusually heavy rain. Buyers can consult maps to understand their potential risk and need for flood insurance.

Julia Szymanski
Written By
Julia Szymanski

Interested in learning more about homes in this area? Reach out to Cindy Milcic, an experienced agent in this area.

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Franklin Housing Trends

Housing Trends

Median List Price
$154,950
Median Sale Price
$149,950
Median Single Family Sale Price
$149,900
Median Townhouse Sale Price
$95,000
Median Change From 1st List Price
6%
Last 12 months Home Sales
128
Median Home Sale Price YoY Change
7%
Average Price Per Sq Ft
$102

Area Facts

Number of Homes
4,590
Number of Homes for Sale
37
Median Year Built
1920
Months of Supply
3.50
Average Single Family Home Size Sq Ft
1,530
Significantly below the national average
1,928
Average Townhouse Size Sq Ft
2,080
Average 2 Bedroom Size Sq Ft
1,344
Median Lot Size Sq Ft
9,583

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Franklin Has More Owners

Demographics

Total Population
5,937
Median Age
44
Population under 18
23.1%
On par with the national average
23.8%
Population over 65
24.7%
Above the national average
19.1%

Finances

Median Household Income
$54,188
Significantly below the national average
$71,702
Average Household Income
$67,742

Education and Workforce

High School Graduates
90.4%
College Graduates
23.2%
Below the national average
34.1%
Advanced Degrees
9.9%
% Population in Labor Force
60.1%
On par with the national average
65.1%

Weather

Annual Precipitation
47''
Average Winter Low Temperature
18°F
Average Summer High Temperature
82°F
Annual Snowfall
39''

Area Factors

Somewhat Bikeable

Bike Score®®

10 / 100

Car-Dependent

Walk Score®®

2 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Franklin