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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Franklin Park, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Franklin Park, PA Housing Market Trends

With a population of 15,165, 5,358 total housing units (homes and apartments), and a median house value of $530,612, Franklin Park real estate is some of the most expensive in Pennsylvania, although Franklin Park home values aren't among America's most expensive.

Franklin Park is a borough of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Franklin Park than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Franklin Park. Owner-occupied housing accounts for 91.82% of Franklin Park's homes, and 77.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Franklin Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Franklin Park built between 2000 and later ( 23.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.50%). There's also some housing in Franklin Park built before 1939 ( 4.71%).

Franklin Park Home Appreciation Rates

Franklin Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Franklin Park during the period has been just 5.05%, which is lower than 80% of US communities.

Over the last year, Franklin Park appreciation rates have trailed the rest of the nation. In the last twelve months, Franklin Park's appreciation rate has been 4.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Franklin Park were at 1.11%, which equates to an annual appreciation rate of 4.51%.

Relative to Pennsylvania, our data show that Franklin Park's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$530,612

Franklin Park, PA Home Prices
> $1,257,000
$943,001 - $1,257,000
$628,001 - $943,000
$502,001 - $628,000
$377,001 - $502,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
2.1%
2.1%
6.0%
6.0%
24.2%
24.2%
27.1%
27.1%
15.6%
15.6%
18.2%
18.2%
4.1%
4.1%
0.6%
0.6%
2.2%
2.2%
0% 100.0%
% of Homes
Very High

for Pennsylvania

Very High

for nation

Number of Homes And Apartments:

5,358

Franklin Park Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,720 / per month

Homeownership Rate

Owners
Renters
91.8%
91.8%
8.2%
8.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.5%
5.5%
94.5%
94.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.4%
23.4%
55.4%
55.4%
16.5%
16.5%
4.7%
4.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
82.2%
82.2%
12.3%
12.3%
2.3%
2.3%
2.0%
2.0%
1.3%
1.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
0.4%
0.4%
8.8%
8.8%
26.4%
26.4%
51.4%
51.4%
11.2%
11.2%
0% 100.0%
% of Homes