Total monthly cost of ownership
Cost to Own a Home in Franklin, Pennsylvania
A $109,000 home here costs
$1,119per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $560. The real number is $559 higher every month — 100% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Franklin against Venango County and Pennsylvania
| Measure | Franklin | Venango County |
|---|---|---|
| Median home value | $109,200 | $114,500 |
| Median property tax | $2,041 | $1,509 |
| Effective tax rate | 1.869% | 1.318% |
| Median gross rent | $731 | $774 |
| Population | 6,026 | 50,096 |
The weather behind that power bill
Franklin sits in Venango County, which averages a high of 82.7°F in its hottest month and a low of 18.3°F in its coldest, with 46.33" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 584 cooling and 6,365 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Venango County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Venango County
Full Venango County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Franklin?
A $109,000 home in Franklin, Pennsylvania costs approximately $1,119 per month with 20% down at 6.66%. That is $560 principal and interest, $170 property tax, $36 homeowners insurance, $262 utilities and $91 set aside for maintenance.
What is the property tax rate in Franklin?
Franklin has an effective property tax rate of 1.869%, based on a median home value of $109,200 and median real estate taxes of $2,041. That is higher than the Venango County average of 1.318%.
What is the average home price in Franklin?
The median owner-occupied home value in Franklin, Pennsylvania is $109,200, against $114,500 across Venango County.
Is it cheaper to rent or buy in Franklin?
Median gross rent in Franklin is $731 a month, against $1,119 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Franklin — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Pennsylvania.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.