Franklin County, Pennsylvania Housing Market Prices
Franklin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 39% below the Pennsylvania median$92,300
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Median rent 10% below the Pennsylvania median More expensive than 71% of counties in Pennsylvania$1,092
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,300 | $152,469 | $248,835 |
| Price Trend (Annual %) | 0.4% | 3.7% | 7.5% |
| Median Gross Rent | $1,092 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 39% lower than in Pennsylvania. Rent is about 10% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Franklin County, up about 0.4% and 3.6% a year respectively. Rent is changing faster.
Median rent in Franklin County rose about 35.0% between 2015 and 2024, from $809 to $1,092. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Franklin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $92,300 | $152,469 | $248,835 |
| Median Household Income | $77,330 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County fell about 40.7%, while median household income rose about 44.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Franklin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.5% | 63.0% | 58.5% |
| Rental Rate | 25.0% | 27.9% | 31.2% |
| Vacancy Rate | 5.4% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Franklin County has a homeownership rate of 69.5%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.4%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Franklin County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1976 | 1966 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Franklin County was built around 1976. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Franklin County, PA Housing Compared With Nearby Counties
Franklin County, PA is the 2nd largest of the 5 counties compared here, 157,379 residents against a local median of 130,902. The measure that sets Franklin County, PA apart most is median home price: $92,300, 49% below the local median of $180,445.
The counties themselves spread $90,556 on median home price, so Franklin County, PA sits at one end of an already wide local range rather than apart from it. Franklin County, PA has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, PA | 157,379 | $92,300 #5/5 | $1,092 #4/5 | 73.5% #3/5 |
| Washington County, MD | 155,706 | $148,959 | $1,146 | 66.8% |
| Adams County, PA | 106,097 | $211,932 | $1,114 | 78.9% |
| Cumberland County, PA | 267,961 | $122,503 | $1,248 | 71.3% |
| Huntingdon County, PA | 43,653 | $213,060 | $810 | 79.2% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Pennsylvania.
What is the median home price in Franklin County, Pennsylvania?
The median home price in Franklin County, Pennsylvania is $92,300, lower than the Pennsylvania average of $152,469.
What is the average home price in Franklin County, Pennsylvania?
The typical home price in Franklin County, Pennsylvania, reported as the median sale price, is $92,300. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Franklin County, Pennsylvania?
The median gross rent in Franklin County, Pennsylvania is $1,092 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Pennsylvania was $904 per month.
What is the price-to-rent ratio in Franklin County, Pennsylvania?
The price-to-rent ratio in Franklin County, Pennsylvania is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County.
Are home prices or rent rising faster in Franklin County, Pennsylvania?
Both home prices and rent are rising in Franklin County, up about 0.4% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Franklin County, Pennsylvania?
69.5% of households in Franklin County, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Franklin County, Pennsylvania?
The housing vacancy rate in Franklin County, Pennsylvania is 5.4%, lower than the Pennsylvania average of 9.1%.
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