Real Estate Investing in Franklin County, Pennsylvania

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

18 ZIP codes • Population: 146,280

Should you buy in Franklin County, PA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
WEAK
2.6 / 5 (42/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Franklin County, PA?

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2.6/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $277,151
Avg Monthly Rent $1,226
ZIP Codes 18

Investing in Franklin County Real Estate

Franklin County spans 18 ZIP codes across 16 cities in Pennsylvania, with a population of 146,280. The county's modest investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

Across Franklin's 18 ZIPs, the investment landscape runs soft: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

A 146,280 population and $N/AK household income profile is what makes Franklin a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Franklin County, PA. Anonymous, moderated, never written by AI.

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Avg Home Value
$277,151
Avg Monthly Rent
$1,226
1% Rule
βœ— Below
Landlord Friendly (PA)
β˜…β˜…β˜…β˜…β˜†

πŸŽ“ Colleges & Universities in Franklin County

4 Colleges 2,396 Students 122 Off-Campus Renters
C
Triangle Tech-Chambersburg
2-Year For-Profit Β· 63 students
C
Pennsylvania State University-Penn State Mont Alto
4-Year Public Β· 588 students
C
Wilson College
4-Year Private Β· 1,694 students
D
Franklin County Career and Technology Center
Vocational Public Β· 51 students

Cities in Franklin County

ZIP Codes in Franklin County, PA

17202 β˜… β˜… β˜… β˜… β˜…
Chambersburg
Population 32,772
Avg Home $322,867
Avg Rent $1,367/mo
17268 β˜… β˜… β˜… β˜… β˜…
Waynesboro
Population 29,096
Avg Home $280,024
Avg Rent $1,395/mo
17201 β˜… β˜… β˜… β˜… β˜…
Chambersburg
Population 27,575
Avg Home $257,177
Avg Rent $1,183/mo
17225 β˜… β˜… β˜… β˜… β˜…
Greencastle
Population 20,335
Avg Home $332,948
Avg Rent $1,587/mo
17222 β˜… β˜… β˜… β˜… β˜…
Chambersburg
Population 10,261
Avg Home $287,844
Avg Rent $1,250/mo
17236 β˜… β˜… β˜… β˜… β˜…
Mercersburg
Population 8,875
Avg Home $297,062
Avg Rent $1,197/mo
17252 β˜… β˜… β˜… β˜… β˜…
Saint Thomas
Population 4,290
Avg Home $266,205
Avg Rent $1,269/mo
17240 β˜… β˜… β˜… β˜… β˜…
Newburg
Population 3,154
Avg Home $359,714
Avg Rent $1,503/mo
17244 β˜… β˜… β˜… β˜… β˜…
Orrstown
Population 2,305
Avg Home $297,437
Avg Rent $1,161/mo
17224 β˜… β˜… β˜… β˜… β˜…
Fort Loudon
Population 1,731
Avg Home $234,472
Avg Rent $1,188/mo
17237 β˜… β˜… β˜… β˜… β˜…
Mont Alto
Population 1,672
Avg Home $233,959
Avg Rent $1,440/mo
17214 β˜… β˜… β˜… β˜… β˜…
Blue Ridge Summit
Population 1,162
Avg Home $284,769
Avg Rent $972/mo
17262 β˜… β˜… β˜… β˜… β˜…
Spring Run
Population 921
Avg Home $291,774
Avg Rent $972/mo
17221 β˜… β˜… β˜… β˜… β˜…
Fannettsburg
Population 496
Avg Home $231,422
Avg Rent $1,071/mo
17271 β˜… β˜… β˜… β˜… β˜…
Willow Hill
Population 486
Avg Home $281,474
Avg Rent $972/mo
17219 β˜… β˜… β˜… β˜… β˜…
East Waterford
Population 444
Avg Home $242,547
Avg Rent $1,152/mo
17220 β˜… β˜… β˜… β˜… β˜…
Doylesburg
Population 398
Avg Home $255,253
Avg Rent $1,242/mo
17265 β˜… β˜… β˜… β˜… β˜…
Upper Strasburg
Population 307
Avg Home $231,774
Avg Rent $1,152/mo

Screen every market in Franklin County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Franklin County

Where do home prices stand in, PA?

Typical homes in, PA go for around $277K. The 5-year CAGR of 0.0% predictable price movement.

What is the typical vacancy rate in, PA?

Expect elevated vacancy in, PA. Rents at $1,226/mo are absorbed by the tenant base without meaningful lag.

What is the typical renter like in, PA?

The renter base in, PA is reasonable for the $1,226/mo price point. Screening well and pricing to market typically yields steady tenants.

Where do rents currently stand in, PA?

Expect rents around $1,226/mo per month in, PA. With home values at $277K, the yield math works out to reasonable levels for rental investors.

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