What percentage of people rent in East Franklin, NJ?
51.7% (±8.4 points) of the occupied homes in East Franklin, NJ are rented (2020–2024 American Community Survey).
That is 1,691 renting households against 1,581 that own their home.
In East Franklin, the share of households that rent went from 34.9% in 2015–2019 to 51.7% in 2020–2024 (+16.8 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 51.7% (±8.4 points)
- Renting households
- 1,691 (±369)
- Median renter income
- $101,293 (±$10,065)
Who rents and who owns in East Franklin
| East Franklin | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Renter-occupied share | 51.7% (±8.4 points) | 25.7% (±0.9 points) | 36.2% (±0.2 points) | 34.8% |
| Renting households | 1,691 (±369) | 33,615 (±1,269) | 1,268,573 (±8,082) | 45,017,354 |
| Owning households | 1,581 (±306) | 97,187 (±1,176) | 2,239,128 (±10,678) | 84,210,142 |
| Average renter household size | 3.4 (±0.5) | 2.4 (±0.1) | 2.4 (±0.0) | 2.3 |
| Average owner household size | 3.3 (±0.4) | 2.8 (±0.0) | 2.8 (±0.0) | 2.6 |
| Median renter household income | $101,293 (±$10,065) | $82,470 (±$5,113) | $62,674 (±$718) | $52,966 |
| Median owner household income | $142,006 (±$16,872) | $170,007 (±$3,672) | $133,477 (±$624) | $100,009 |
In East Franklin, the renter share is higher than in Somerset County (25.7%).
It is also higher than in New Jersey (36.2%).
It is higher than the national figure (34.8%).
In Somerset County, East Franklin ranks 1 of 24 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 15 of 252.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in East Franklin has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 34.9% (±8.9 points) | 51.7% (±8.4 points) | +16.8 percentage points | Measurable increase |
| Median gross rent | $1,360 (±$107) | $2,056 (±$188) | +51.2% | Up after inflation |
| Median household income | $64,479 (±$23,314) | $115,458 (±$16,733) | +79.1% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near East Franklin
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| East Franklin | — | 51.7% (±8.4 points) | — |
| Voorhees | 1.4 mi | 50.8% (±17.1 points) | Not measurably different |
| New Brunswick | 1.5 mi | 78.6% (±2.3 points) | Higher |
| Rutgers University-Busch Campus | 1.8 mi | 100.0% (±61.7 points) | Not measurably different |
| Somerset | 1.9 mi | 27.1% (±4.1 points) | Lower |
| Highland Park Borough | 2.3 mi | 59.7% (±4.8 points) | Not measurably different |
| North Brunswick Township | 3.0 mi | 42.9% (±3.0 points) | Not measurably different |
| Middlebush | 3.4 mi | 1.3% (±2.3 points) | Lower |
| Milltown Borough | 3.5 mi | 17.6% (±9.4 points) | Lower |
Nearby places with a measurably lower figure: Somerset, NJ (27.1%), Middlebush, NJ (1.3%), Milltown Borough, NJ (17.6%).
Nearby places with a measurably higher figure: New Brunswick, NJ (78.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Somerset County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | East Franklin | 51.7% (±8.4 points) |
| 2 | Voorhees | 50.8% (±17.1 points) |
| 3 | Franklin Park | 44.3% (±6.0 points) |
| 4 | Finderne | 40.3% (±8.8 points) |
| 5 | Belle Mead | 36.2% (±8.5 points) |
| 6 | Kingston | 34.2% (±15.2 points) |
| 7 | Liberty Corner | 31.7% (±12.1 points) |
Showing 7 of 24 places in Somerset County, ranked from highest to lowest.
East Franklin is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Franklin Township (Somerset County), whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in East Franklin
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Questions about East Franklin
How many renters are there in East Franklin?
East Franklin has an estimated 1,691 (±369) renting households, 51.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in East Franklin?
In East Franklin, the share of households that rent went from 34.9% in 2015–2019 to 51.7% in 2020–2024 (+16.8 percentage points), a measurable increase.
How big are renting households in East Franklin?
A renting household in East Franklin has 3.4 people on average, against 3.3 in an owned home.
How much do renters earn in East Franklin?
The median renting household in East Franklin, NJ has an income of $101,293 (±$10,065) a year, against $142,006 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — East Franklin CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — East Franklin CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for East Franklin CDP, New Jersey (place:19130, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Vacancy rate in East Franklin
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- Population growth in East Franklin
- How long people stay in East Franklin
- Crowding and facilities in East Franklin
- New Jersey landlord and tenant rules
- Housing across Somerset County
- New Jersey places ranked by share of renters
- Housing data for every place in New Jersey