Franklinville, NJ—08322
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklinville, NJ
As of Oct '25, the median home price in Franklinville, NJ is $365,000, with a year-over-year change of 1.8%. This indicates that home prices in Franklinville, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | 1.8% |
| Single Family | $365,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $270,000 | 2.3% |
3 Bed | $367,000 | 4.3% |
4 Bed | $504,000 | 4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Franklinville, NJ
As of July '25, Rentcast reports the average rent in Franklinville, NJ is $1,900, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Franklinville, NJ is 1-bedrooms: $1,400, 2-bedrooms: $1,400, 4-bedrooms: $5,900. The most common rental property sizes in Franklinville, NJ are 3-bedroom and 2-bedroom, accounting for 52.7% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,100 | $1,400 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $5,900 | $5,900 |
% of Rental Stock
Property Listings — Franklinville, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklinville, NJ is 29. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $561,000 | 35.0% |
Listing Count | 40 | -10.0% |
| Listings as % of Homes | 1.2% | -10.0% |
Days on Market | 29 | 1.0% |
Demographics — Franklinville, NJ
As of the latest ACS Survey released in 2023, Franklinville, NJ has a population of 10,400, which has decreased by -4.3% over the past 5 years. Franklinville, NJ is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 22.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | -4.3% |
% Under 18 | 21.7% | 0.5% |
% Seniors | 13.3% | -1.5% |
% WFH | 5.9% | 43.9% |
% w/ College Degree | 22.6% | 14.1% |
As of the latest ACS Survey released in 2023, Franklinville, NJ is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Franklinville, NJ is black, making up 10.2% of the population. Foreign-born residents account for 3.7% of the population in Franklinville, NJ, and this percentage has decreased by 22.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.5% | -7.4% |
% Black | 10.2% | 41.7% |
% Hispanic | 6.1% | -12.9% |
% Asian | 1.2% | -45.5% |
% Foreign Born | 3.7% | -22.9% |
Mortgage and Risk — Franklinville, NJ
According to HUD data as of 2023, there were 287 mortgage originations in Franklinville, NJ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Franklinville, NJ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 287 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Franklinville, NJ
Franklinville, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $280 | $1,400 | $1,680 |
| 2 Bedroom | $900 | $1,100 | $2,000 |
| 3 Bedroom | N/A | N/A | $2,410 |
| 4 Bedroom | -$3,160 | $5,900 | $2,740 |
Affordability — Franklinville, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $365,000 |
| Median Household Income | $118,000 |