Franklin, PA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Franklin short-term rental market based on reliable data.

Listings

64 / 92

Reliable / Active

Cap Rate

16%

Middle-Earners Gross Yield

Revenue

$21,130

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$133,823

Median Home Sale Price

Top Earners

$38,699

Top-Earners Revenue

Franklin

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Franklin.

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C

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.

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About Franklin

Franklin is a small city in northwestern Pennsylvania that serves as the county seat of Venango County, with a population of approximately 6,000 residents. Set along the banks of the Allegheny River, the city carries the legacy of Pennsylvania's 19th-century oil boom and today functions as a gateway to the state's historic Oil Region. Franklin lies about 80 miles north of Pittsburgh, the closest major metropolitan area, and roughly 65 miles southeast of Erie, giving it a quiet, small-town character surrounded by rolling woodlands, river valleys, and a surprisingly rich industrial past.

Just north of Franklin in Titusville, the Drake Well Museum marks the birthplace of the modern petroleum industry. Roughly 25 miles from the city, the site preserves the original well drilled by Edwin Drake in 1859 and tells the story of how a quiet Pennsylvania valley helped launch a global industry. Visitors can explore a replica derrick, period buildings, and exhibits on early oil refining, making it one of the most visited historic sites in the region.

A short drive from Drake Well, Oil Creek State Park follows the winding valley where the first crude oil was transported to market. The park spans more than 6,000 acres and includes a paved trail that traces an old railroad line, perfect for cycling and walking through the same terrain that boom-era oil barons once raced to claim. Its hillsides, hemlock groves, and creek-side views attract hikers, anglers, and history-minded travelers looking for a quieter side of Pennsylvania.

Within Franklin itself, the DeBence Antique Music World offers a more whimsical stop, with a collection of restored mechanical music machines, orchestrions, player pianos, and nickelodeons spread across a museum in the heart of the city. The downtown area also retains an attractive stock of late-19th-century brick storefronts and Victorian-era buildings, and the riverfront along the Allegheny provides an easy place to walk, fish, or simply take in the slow pace of northwestern Pennsylvania life.

Franklin's combination of affordable small-town living, deep industrial heritage, and proximity to a string of well-loved outdoor and historical destinations makes it a natural base for short-term rentals. Travelers drawn to Pennsylvania's oil country, the Allegheny River corridor, or the quiet forests of the state's northwest find an unpretentious and welcoming town that anchors a region full of stories worth lingering over.

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