Franklin, PA · standard
ZIP Code 16323
Venango County, Pennsylvania - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 16,372
- 63/sq mi Moderate-density area
- $62,562
- Median income Near-median income area
- $131,200
- Median home value Below-median home value
- 21.9%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Franklin pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 34th pct
- household income, US ZIPs
- 20th pct
- home value, US ZIPs
- 63
- people per sq mi
- 71%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 16323 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 16323 (Franklin, PA) rose +4.7% from 2023 to 2024. The all-transactions index moved from 158.1 in 2023 to 165.6 in 2024 (2000 = 100).
ZIP code 16323 is a mid-sized community (a standard USPS delivery area) in Franklin, Venango County, Pennsylvania, home to 16,372 residents across 260.7 square miles, a density of 63 people per square mile, in the New York time zone.
ZIP 16323 reports a modest median household income of $62,562 (20% below the average Pennsylvania ZIP), while per-capita income is $35,174. The poverty rate is 11.3%, with unemployment at 7.1%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $131,200 (42% below the average Pennsylvania ZIP), and median rent is $773; owner occupancy is 71.2%.
Educational attainment sits below the national norm: 21.9% of adults hold a bachelor's degree or higher, the median age is 48.6, and the average commute is 20 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Venango County, so 16323 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 16323
Top 5 sectors by establishment count in Franklin, PA
Which industries have the most business establishments in ZIP 16323.
- Other services (except public administration)
Other services (except public administration)
72 establishments
- Health care and social assistance
Health care and social assistance
66 establishments
- Retail trade
Retail trade
65 establishments
- Accommodation and food services
Accommodation and food services
35 establishments
- Manufacturing
Manufacturing
34 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 16323, Franklin, PA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
16,372
Population
260.7
Area (sq mi)
63
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 16323?
48.6
Median Age
47.6%
Male
52.4%
Female
0.5%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$62,562
Median Household Income
-20% vs state ZIP avg
$35,174
Per Capita Income
11.3%
Poverty Rate
7.1%
Unemployment Rate
19.9 min
Mean Commute Time
How ZIP 16323 ranks among Pennsylvania ZIPs
Franklin, PA household income vs. every Pennsylvania ZIP code
Median household income among 1,642 reporting Pennsylvania ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$62,562 31st percentile higher than 31% of 1,642 Pennsylvania ZIPs
Each bar is a $20K-wide band; taller bars hold more Pennsylvania ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
7,268housing units
7,268
Total Housing Units
6,241
Occupied Units
1,027
Vacant Units
2.22
Avg Household Size
Occupancy Type
$131,200
Median Home Value
-42% vs state ZIP avg
$773
Median Rent
1956
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+4.7%
YoY Change (2024)
166
HPI Index (2000 = 100)
+66%
Total Change Since 2000
Home values in ZIP 16323 have increased 4.7% over the past year (2024). Since 2000, this ZIP has seen +66% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +9.5% | 138 |
| 2021 | +1.9% | 141 |
| 2022 | -0.9% | 140 |
| 2023 | +13.2% | 158 |
| 2024 | +4.7% | 166 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 412 business establishments in ZIP 16323, employing approximately 5,848 people with a combined annual payroll of $245,729,000.
412
Businesses
5,848
Employees
$245.7M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 72 | 17.5% |
| Health care and social assistance | 66 | 16.0% |
| Retail trade | 65 | 15.8% |
| Accommodation and food services | 35 | 8.5% |
| Manufacturing | 34 | 8.3% |
| Construction | 27 | 6.5% |
| Professional, scientific, and technical services | 23 | 5.6% |
| Finance and insurance | 18 | 4.4% |
| Administrative and support and waste management and remediation services | 16 | 3.9% |
| Wholesale trade | 13 | 3.2% |
| Transportation and warehousing | 10 | 2.4% |
| Information | 10 | 2.4% |
| Arts, entertainment, and recreation | 9 | 2.2% |
| Real estate and rental and leasing | 8 | 1.9% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 16323 vs 16343 →
ZIP 16323 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16323
Franklin (16323)
16,372 residents
- 16342 2,281
Polk (16342)
2,281 residents
- 16317 1,456
Cooperstown (16317)
1,456 residents
- 16362 1,102
Utica (16362)
1,102 residents
- 16344 523
Rouseville (16344)
523 residents
- 16343 449
Reno (16343)
449 residents
What this shows Among its immediate neighbors, ZIP 16323 ranks the most populous - useful context the national average alone can't give.
ZIP 16323 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 16343
Reno (16343)
$83,264 median income
- 16362
Utica (16362)
$65,833 median income
- 16342
Polk (16342)
$63,750 median income
- 16323
Franklin (16323)
$62,562 median income
- 16344
Rouseville (16344)
$58,382 median income
- 16317
Cooperstown (16317)
$57,768 median income
What this shows By household income, ZIP 16323 ranks #4 of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 16323, both outside PA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (16,372 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Venango County
Related Areas
Frequently Asked Questions
What county is ZIP code 16323 in?
ZIP code 16323 (Franklin) is located in Venango County, Pennsylvania. Venango County contains multiple ZIP codes, see the full list at /counties/venango-pa.
What is the population of ZIP code 16323?
ZIP code 16323 in Franklin, PA has a population of 16,372 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 16323?
The median household income in ZIP 16323 is $62,562, which is 18% below the national average of $76,288.
What is the average home value in ZIP 16323?
The median home value in ZIP 16323 is $131,200, which is 53% below the national average of $278,155.
What is the demographic makeup of ZIP 16323?
The largest racial group in ZIP 16323 is White at 92.3%. Hispanic or Latino residents make up 1.1% of the population.
How many businesses are in ZIP code 16323?
ZIP code 16323 has 412 business establishments employing approximately 5,848 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 16323?
The top industries by establishment count in ZIP 16323 are: Other services (except public administration) (72), Health care and social assistance (66), Retail trade (65). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 16323?
According to the FHFA House Price Index, home values in ZIP 16323 increased by 4.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 66%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 16323?
In ZIP code 16323, 62.9% of residents aged 25+ have a high school diploma or higher, and 21.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 16323?
The mean commute time for workers in ZIP code 16323 is 19.9 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 16323?
In ZIP code 16323, approximately 71.2% of occupied housing units are owner-occupied and 28.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 16323?
The poverty rate in ZIP code 16323 is 11.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 16323's numbers, next.
- See how ZIP 16323 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Franklin, PA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.