Franklin, NJ Overview

Franklin is a diverse community with rural, farmland, suburban, and urban residential areas as well as substantial industry and commerce.  With its favorable tax base and burgeoning corporate offices along Interstate 287, Franklin is a vital promising area that is expected to continue its growth trend well into the new millennium.  Quaint old villages filled with premier historic sites are scattered throughout the township, including Griggstown, Middle­bush, and East Millstone.  Recreational amenities include golf courses, Delaware and Raritan Canal State Park, playgrounds, athletic fields, tennis courts, and more than 1,200 acres of parks and preserves.

Summary

Population Growth (since 2000)32%
Population Density (ppl / mile)1,461.00
Household Size (ppl)2.619
Households w/ Children28%

Housing Stability

Annual Residential Turnover0%
5+ Years in Residency38%
Median Year in Residency3.73

Housing Inventory

Franklin, NJ Housing Inventory 1,2606,93418,40118,4011,2606,93418,401

Market Overview

63 listings with an estimated median price of $515,000

PriceCount
$0 - 100K7
$100K - 200K1
$200K - 300K1
$300K - 400K4
$400K - 500K17
$500K - 600K12
$600K - 700K4
$700K - 800K2
$800K - 900K1
$900K - 1M4
$1M - Max10
Property TypeCount
Single Family20
Townhouse11
Condo9
Commercial10
Rental17
Lots and Land11
Multi Family2

(Data as of 9/23/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Franklin, NJ Population Demographics

Total: 67,428

Households:25,334

Median Age: 41.23

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Franklin, NJ Temperature

Weather Risk

Franklin, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Franklin, NJ Education Climate Index

Highest Education Level Attained

Franklin, NJ Highest Education Level Attained 9,9556,9593,0911,7141,49610,50812,9169,9556,9591,7141,49610,508

Employment and Finance

Workforce

Franklin, NJ Workforce

Income by dollar range (Median Income: $92,602)

Franklin, NJ Income by dollar range 8875256377897376006049227291,5661,9643,6853,0792,4813,8591,270544453

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,054
One Bedroom
$1,296
Two Bedroom
$1,654
Three Bedroom
$2,109
Four Bedroom
$2,551

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Franklin, NJ Crime

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