Franklin, NJ
Full City Profile · New Jersey · Sussex County County
3.5
/5.0
B+
Good
4,938
Population
1,133/sq mi density
$90,152
Median Income
$42,217 per capita
$253,100
Home Value
$386,807 Zillow
$1,340
Median Rent
21.9% income on rent
50°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$90,152 median income, 7.1% unemployment
A+
Affordability
5.0 / 5.0
$253,100 home value, $1,340/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher
Housing Overview
Median Home Value
$253,100
10% below
US avg: $281,900
Median Rent
$1,340/mo
15% above
US avg: $1,163/mo
Homeownership Rate
57.0%
13% below US avg (65.4%)
Total Housing Units
2,348
Median year built: 1960
Home Value by Source
Census Median
$253,100
Zillow (ZHVI)
$386,807
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
57.0%
Owner-Occupied
43.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,340/mo
Affordability & Housing Stock
Rent Burden
21.9%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
57.0%
Complete Housing Data
Home Values
| Census Median Value | $253,100 |
| Zillow Home Value (ZHVI) | $386,807 |
Rent
| Census Median Rent | $1,340 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 57.0% |
| Renter-Occupied | 43.0% |
| Homeownership Rate | 57.0% |
| Total Housing Units | 2,348 |
| Median Year Built | 1960 |
| Rent Burden | 21.9% |