16323 — Franklin, PA Home Values
Typical home value $135,389 as of July 2026 · 11th of 14 in Oil City, PA
Blue: typical home value (Zillow ZHVI) in ZIP code 16323, July 2021 to July 2026. This page shows observed data only; no forecast.
How 16323 compares in the Oil City, PA area
ZIP code 16323 (Franklin, PA) has a typical home value of $135,389 as of July 2026, ranking 11th of 14 ZIP codes tracked in the Oil City, PA area, more expensive than about 29% of ZIP codes in the metro. Prices here have moved -0.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +13.7%, from $119,039 in July 2021 to $135,389 in July 2026. Against observed rent, the typical home here sells for 10.3× the annual rent ($1,100/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Oil City, PA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Oil City.
Population and demographics
ZIP code 16323 has a population of 14,694, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 93.2% White, 2.5% Black or African American, 2.5% two or more races, 1% Hispanic or Latino, 0.5% another race, and 0.3% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Rocky Grove JSHS | 403 Rocky Grove Ave, Franklin, PA | 0.5 mi |
| Central El Sch | 1276 Otter St, Franklin, PA | 1.2 mi |
| Valley Grove El Sch | 389 Sugarcreek Dr, Franklin, PA | 2.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 16323?
$135,389 as of July 2026, the latest month Zillow has published observed data for.
Is 16323 an expensive ZIP code in the Oil City, PA area?
16323 ranks 11th of 14 ZIP codes in the Oil City, PA area by typical home value, more expensive than about 29% of ZIP codes in the metro.
How much have home values in 16323 changed over the past year?
-0.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 16323?
The typical home price is 10.3× the observed annual rent in this ZIP code ($1,100/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 16323?
14,694, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 16323?
Rocky Grove JSHS (0.5 mi), Central El Sch (1.2 mi), Valley Grove El Sch (2.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 16323?
No. Every number on this page is observed Zillow data as of July 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Oil City, PA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.