Franklin, PA 16323 ZIP Code Profile

Related Place Profiles:
Franklin, PA | Rocky Grove, PA
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ZIP Code 16323: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Franklin, PA 16323

Not Acceptable, USPS
Rocky Grove, PA 16323

  • ZIP Code Type: STANDARD
  • County: Venango County
  • Centroid: Latitude 41.385, Longitude -79.813
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 622
  • PO Box Addresses: 184
  • Residential Addresses: 6,884
    • Multi-Family Addresses: 236
    • Single Family Addresses: 6,648

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

Jump to... (On This Page!)
  1. 16323 2019 Demographic Data
  2. Growth Rates for 16323 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Pennsylvania Research Tools (Easy Tools & Current Data)
  3. Pennsylvania Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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Franklin, PA 16323 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Franklin, PA 16323 Housing Affordability Index is 236
State of Pennsylvania Housing Affordability Index is 131
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Franklin, PA 16323 Wealth Index is 60
State of Pennsylvania Wealth Index is 99
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Pennsylvania COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 15,693 (100%)
Population in Households 14,998 (95.6%)
Population in Families 11,891 (75.8%)
Population in Group Quarters1 695 ( 4.4%)
Population Density 153
Diversity Index2 13
 

INCOME

Median Household Income $45,557
Average Household Income $60,053
Per Capita Income $25,295
Wealth Index4 60

HOUSING

Total Housing Units 7,558 (100%)
Owner Occupied HU 4,625 (61.2%)
Renter Occupied HU 1,972 (26.1%)
Vacant Housing Units 961 (12.7%)
Median Home Value $90,787
Housing Affordability Index3 236
 

HOUSEHOLDS

Total Households 6,597
Average Household Size 2.27
Family Households 4,285
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.52% -0.67%
Households -0.46% -0.66%
Families -0.62% -0.77%
Median Household Income   1.17%
Per Capita Income   1.81%

Franklin, PA 16323 - Peer Comparisons by Rank and Percentile

The table below compares 16323 to the other 1,684 ZIP Codes in Pennsylvania by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 277 84th
Population Density # 989 41st
Diversity Index # 767 54th
Median Household Income # 1354 20th
Per Capita Income # 1197 29th

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.


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