| ZIP Code | 16323 |
|---|---|
| City | Franklin |
| State | Pennsylvania (PA) |
| County | Venango County |
| Area Code | 582/814 |
| Elevation | 1,190 ft |
| Latitude | 41.417265 |
|---|---|
| Longitude | -79.830556 |
| Timezone | New York (DST) |
| FIPS | 42121 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.1 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.28 |
| Below Poverty | 10.7% ≈ Avg |
| College Grads | 32.6% ▼ 16% below avg |
| Unemployment | 6.9% ▲ 41% above avg |
| No HS Diploma | 167 (1.6%) |
| HS Graduate | 4,393 (42.4%) |
| Some College | 1,192 (11.5%) |
| Associates | 1,233 (11.9%) |
| Bachelors | 961 (9.3%) |
| Graduate Degree | 2,411 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,233 ▼ 18% below avg ↑ 24% since 2019 |
|---|---|
| Median Home Value | $120,400 ▼ 57% below avg ↑ 34% since 2019 |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $762/mo ↑ 26% since 2019 |
| Total Units | 7,088 |
| Vacant Units | 841 |
| Avg HH Size | 2.28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 7,088 |
|---|---|
| Vacant | 841 |
| Owner Occupied | 71.1% |
| Renter Occupied | 28.9% |
| Avg HH Size | 2.28 |
ZIP code 16323 is located in Franklin, Pennsylvania, within Venango County. With a population of 14,694, this is a lightly populated ZIP code with a mature community — the median age is 47.1 years. Economically, 16323 is a solidly middle-class ZIP code: the median household income of $62,233 is below the national average.
Real estate in ZIP code 16323 represents one of the more affordable housing markets in the country. The median home value of $120,400 is well below the national average. Renters can expect to pay around $762 per month in median rent. Homeownership is strong here — 71.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 34% since 2019.
The population of 16323 is primarily White (92.18%). Residents are moderately educated — 32.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 10.7%. Household income has grown by 24% since 2019.
The unemployment rate in 16323 stands at 6.9%, which is above the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 76%.
Overall, ZIP code 16323 in Franklin, PA is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 14,694 residents, a median household income of $62,233, and a median home value of $120,400, it offers a clear picture of life in this part of Pennsylvania.