Franklin, NJ 07416 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Franklin, NJ—07416

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$366,000

0.0% YoY Growth

Household Income

$90,900

31.5% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

1.4%

Median Rent

$2,000

6.2% YoY Growth

1-Bed Rent

$1,500

14.0% YoY Growth

2-Bed Rent

$2,300

7.9% YoY Growth

3-Bed Rent

$2,600

16.2% YoY Growth

Home Price Trends — Franklin, NJ

As of Dec '25, the median home price in Franklin, NJ is $366,000, with a year-over-year change of 0.0%. This indicates that home prices in Franklin, NJ are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$366,000	0.0%
Single Family	$386,000	1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Franklin, NJ

As of July '25, Rentcast reports the average rent in Franklin, NJ is $2,120, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Franklin, NJ is 1-bedrooms: $1,470, 2-bedrooms: $2,310, 3-bedrooms: $2,720. The most common rental property sizes in Franklin, NJ are 1-bedroom and 2-bedroom, accounting for 54.0% and 27.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,120
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,470
2 Bed Rent	$2,300	$2,310
3 Bed Rent	$2,600	$2,720
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

7.4%

1 Bedroom

54.0%

2 Bedrooms

27.5%

3 Bedrooms

7.1%

4 Bedrooms

2.5%

5+ Bedrooms

1.5%

Property Listings — Franklin, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Franklin, NJ is 31. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$375,000	-10.0%
Listing Count	18	-5.0%
Listings as % of Homes	1.0%	-5.0%
Days on Market	49	-23.0%

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Demographics — Franklin, NJ

As of the latest ACS Survey released in 2023, Franklin, NJ has a population of 5,750, which has increased by 5.8% over the past 5 years. Franklin, NJ is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,750	5.8%
% Under 18	16.5%	-26.0%
% Seniors	25.5%	84.8%
% WFH	7.3%	180.8%
% w/ College Degree	21.8%	-0.5%

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As of the latest ACS Survey released in 2023, Franklin, NJ is a predominantly white area, with 77.8% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Franklin, NJ is hispanic, making up 16.5% of the population. Foreign-born residents account for 8.7% of the population in Franklin, NJ, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	77.8%	-14.2%
% Black	1.3%	-53.6%
% Hispanic	16.5%	189.5%
% Asian	0.2%	-71.4%
% Foreign Born	8.7%	50.0%

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Mortgage and Risk — Franklin, NJ

According to HUD data as of 2023, there were 92 mortgage originations in Franklin, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Franklin, NJ. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	92
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Franklin, NJ

Franklin, NJ lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	88
Total Units Section 8	84
% Rentals under Section 8	8.4%
% Occupied Section 8	100.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$60	$1,500	$1,440
2 Bedroom	-$570	$2,300	$1,730
3 Bedroom	-$410	$2,600	$2,190
4 Bedroom	N/A	N/A	$2,520

Franklin, NJ—07416

Key Metrics at a Glance

Home Price Trends — Franklin, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, NJ

% of Rental Stock

Property Listings — Franklin, NJ

Demographics — Franklin, NJ

Race and Ethnicity

Mortgage and Risk — Franklin, NJ

Mortgages

Rentals and Section 8 — Franklin, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, NJ

Home Price to Income Ratio

Franklin, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Ogdensburg, NJ

Hamburg, NJ

Sparta Township, NJ

Lafayette Township, NJ

Stockholm, NJ

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$366,000
Median Household Income	$90,900

Franklin, NJ—07416

Key Metrics at a Glance

Home Price Trends — Franklin, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, NJ

% of Rental Stock

Property Listings — Franklin, NJ

Demographics — Franklin, NJ

Race and Ethnicity

Mortgage and Risk — Franklin, NJ

Mortgages

Rentals and Section 8 — Franklin, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, NJ

Home Price to Income Ratio

Franklin, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Ogdensburg, NJ

Hamburg, NJ

Sparta Township, NJ

Lafayette Township, NJ

Stockholm, NJ

Frequently Asked Questions

What is the average home price in Franklin, NJ 07416?

How have home prices in Franklin, NJ 07416 changed over the past year?

What is the home price projection for Franklin, NJ 07416?

What are the demographics of Franklin, NJ 07416?

How long does it take homes to sell in Franklin, NJ 07416?

What is the average rent price in Franklin, NJ 07416?