HousingHandbookReference data

U.S. ZIP Code · PA16323

Venango County

Typical home value

$130,778[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.1%
5-year / yr
+3.1%
10-year / yr
+4.1%

Relative price

vs U.S.
-54.0%
vs metro
vs state
-44.0%
ZIP 16323 location in PA
Location of ZIP 16323 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 16323 is worth $130,778. Over the past year, values have fallen 2.1%. Homes here rent for a typical $845 a month — a 7.8% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$845[2]
Gross yield
7.8%[2]
Cap rate
4.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.2%[3]
Typical annual tax
$1,536[3]

#Climate risk

FEMA National Risk Index ratings for Venango County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
14,353[3]
Median household income
$62,562[3]

#Migration

Household moves in and out of Venango County over a year, from IRS tax-return data.

Net migration
-71[5]
Moved in
843
Moved out
914

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
0
High
2
  • Franklin Area JSHS

    High · Grades 7–12 · Franklin Area SD

    820 students

  • Valley Grove El Sch

    Elementary · Grades PK–6 · Valley Grove SD

    455 students

  • Central El Sch

    Elementary · Grades K–6 · Franklin Area SD

    398 students

  • Rocky Grove JSHS

    High · Grades 7–12 · Valley Grove SD

    393 students

  • Sandycreek El Sch

    Elementary · Grades K–6 · Franklin Area SD

    306 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.8%
Net yield (after ~40% expenses)4.7%
Annual rent$10,140

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$661
Loan principal$104,622
Down payment$26,156
Total interest paid$133,440

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.06
Monthly cost to own$898
Monthly rent$845

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 16323?
The typical home in 16323 is worth $130,778, based on the Zillow Home Value Index.
Are home values rising in 16323?
Home values in 16323 are down 2.1% over the past year, and up 3.1% a year over five years.
What is the typical rent in 16323?
A typical home in 16323 rents for about $845 a month, a gross rental yield of 7.8%.
What is the property tax rate in 16323?
The effective property tax rate in 16323 is 1.2% — roughly $1,536 a year on a typical home.
Who lives in 16323?
ZIP code 16323 has a population of 14,353 and a median household income of $62,562.

Compare ZIPs

Pit ZIP 16323 against any other ZIP — full side-by-side table.

Compare 16323

#Jump to section