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Franklin, PA
Challenging To Investors
Local STR Agent
Local STR Agent

Short-term rentals ARE allowed in Franklin, PA - the city is listed among Pennsylvania's third class cities that have adopted specific short-term rental ordinances. Franklin operates within the regulatory framework established by Venango County and Pennsylvania state law, with additional municipal-level regulations that investors must navigate carefully.
Franklin hosts earn a median $21,130/year with $154 ADR and 51% occupancy.
Top performers pull in $31,423+ per year.
See the full Franklin market breakdownStarting an STR business in Franklin requires following both state and local regulatory pathways:
Pennsylvania Department of Revenue
Pennsylvania Department of Insurance
Franklin City Hall
Franklin Code Enforcement
Venango County Assessment Office
Venango County Tax Collection
Important Disclaimer: This guide is based on Pennsylvania state regulations and general information about Franklin, PA's STR framework. Specific requirements, rates, and regulations change frequently. Always verify current requirements with local authorities before establishing an STR business in Franklin, PA.
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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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