Why Live in Franklin Township
Franklin Township in Prospect offers a diverse range of housing styles, from mid-1900s ranch-style and split-level homes to New Traditional houses built in the early 2000s. Spacious lots averaging just under 2 acres provide ample privacy. Custom-built estates, including Colonial Revivals and rustic log cabins, add to the variety. Recent condo developments, such as the Chestnut Grove subdivision, cater to active adults. The area boasts a significantly lower crime rate compared to the national average. Moraine State Park, covering 16,725 acres, is a major attraction with Lake Arthur's sandy beaches, fishing, and extensive trails for hiking, horseback riding, and mountain biking. Golf enthusiasts can enjoy nearby courses like Lake Arthur Golf Club and All About Golf. While shopping and dining options within Franklin Township are limited, essentials can be found along US 422, with larger shopping centers like Butler Commons and Moraine Pointe Plaza less than 10 miles away. The Big Butler Fairgrounds, just 4 miles from the township, host the annual Big Butler Fair and the Holiday Spectacular light show. The township is car-dependent, with US 422 providing access to Interstate 79, leading to Pittsburgh, which is about 48 miles away. The Slippery Rock Area School District serves the community, with highly rated schools such as Moraine Elementary and Slippery Rock Area Middle School.
Frequently Asked Questions
Is Franklin Township a good place to live?
Franklin Township is a good place to live. Franklin Township is considered very car-dependent and somewhat bikeable. Franklin Township is a rural neighborhood. Franklin Township has 6 parks for recreational activities. It is sparse in population with 0.2 people per acre and a median age of 55. The average household income is $75,010 which is below the national average. College graduates make up 28.8% of residents. A majority of residents in Franklin Township are home owners, with 12.2% of residents renting and 87.8% of residents owning their home. A
local real estate agent serving Franklin Township can help you decide if this neighborhood is the right one for you. Learn more on our
Franklin Township neighborhood guide.
How much do you need to make to afford a house in Franklin Township?
The median home price in Franklin Township is $322,000. If you put a 20% down payment of $64,400 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,600 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $69K a year to afford the median home price in Franklin Township. The average household income in Franklin Township is $75K.
What are the best public schools in Franklin Township?
The best public schools that serve Franklin Township are:
What are the most popular zip codes in Franklin Township, Prospect, PA?
What are the most popular neighborhoods near Franklin Township, Prospect, PA?
Are home prices dropping in Franklin Township?
Yes, home prices in Franklin Township are down 16% in the last 12 months.
Home Trends in Franklin Township, PA
On average, homes in Franklin Township, Prospect sell after 81 days on the market compared to the national average of 52 days. The median sale price for homes in Franklin Township, Prospect over the last 12 months is $299,900, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$299,900
Median Single Family Sale Price
$310,000
Median 2 Bedroom Sale Price
$309,000
Average Price Per Sq Ft
$216
Number of Homes for Sale
5
Last 12 months Home Sales
11
Median List Price
$322,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
5%
