Franklin, PA
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Franklin short-term rental market based on reliable data.
Listings
52 / 84
Reliable / Active
Cap Rate
17%
Middle-Earners Gross Yield
Revenue
$20,638
Middle-Earners Revenue
Occupancy
56%
Middle-Earners Occupancy
Home Value
$125,339
Median Home Sale Price
Top Earners
$40,075
Top-Earners Revenue
Franklin
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Franklin.
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Challenging to Investors
Franklin Regulations
STRs are technically legal in Franklin (a third-class city with an STR ordinance), but investors must complete layered, multi-level licensing/registration, obtain safety/electrical/plumbing inspections, and comply with occupancy/noise/parking rules and zoning limits that can restrict many residential areas. The moderate fees and inspections plus uncertain enforcement raise the compliance burden enough to deter smaller operators, placing Franklin in the Challenging tier.
Local STR Agent
STR specialist · Franklin, PA
About Franklin
Franklin is a city in and the county seat of Venango County, Pennsylvania, United States, located at the confluence of French Creek and the Allegheny River. The population was 6,097 in the 2020 census. Franklin is part of the Oil City micropolitan area. Franklin is known for its three-day autumn festival in October, Applefest, which attracts hundreds of thousands of visitors.