Housing & Real Estate — Franklin, New Jersey

Overview

Total Housing Units2,359
Occupied2,252
Vacant107
Owner-Occupied1,284
Renter-Occupied968
Median Home Value (Census)$272,600
Estimated 2026~$324,000
Median Rent$1,340/mo
Median Property Tax$7,921/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income17.3%
Severely Rent-Burdened34.9%

Housing Age

Built 2010 or later73
Built 2000-2009143
Built 1990-1999141
Built before 19601,232
Median Year Built1960
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.