Housing data for Franklin Borough, NJ
Franklin Borough, NJ has an estimated 4,968 residents and 2,288 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Sussex County.
43.8% of households rent.
The median gross rent is $1,381 a month.
Its population grew measurably since 2015–2019 (+4.0%).
Figures last updated on .
- Residents
- 4,968 (±40)
- Housing units
- 2,288 (±191)
- Households that rent
- 43.8%
- Median gross rent
- $1,381
- Residents since 2015–2019
- +4.0%
What stands out in Franklin Borough
Households that rent: 43.8% (±8.8 points) in Franklin Borough, higher than in Sussex County (16.3%).
Homes in buildings of 5 or more units: 23.5% (±12.3 points) in Franklin Borough, higher than in Sussex County (8.4%).
Households without a vehicle: 9.4% (±4.2 points) in Franklin Borough, higher than in Sussex County (3.3%).
Working from home: 6.3% (±2.7 points) in Franklin Borough, lower than in Sussex County (14.9%).
- Renters and owners in Franklin Borough
- Types of homes in Franklin Borough
- Commute and cars in Franklin Borough
Housing in Franklin Borough at a glance
- Median rent: $1,381 median gross rent a month
- Rent by bedrooms: $1,547 median gross rent, 2 bedrooms
- Rent burden: 42.2% of renters pay 30% or more of income
- Renters and owners: 43.8% of households rent
- Income and affordability: $92,744 median household income
- Home values: $272,600 median home value
- Homeowner costs: $2,223 median monthly cost with a mortgage
- Property taxes: $7,921 median real estate taxes a year
- Types of homes: 23.5% of homes are in buildings of 5 or more units
- Bedrooms: 41.4% of homes have 3 or more bedrooms
- Age of homes: 72.8% of homes were built before 1980
- Vacancy rate: 3.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 50.7% heat with fuel oil or kerosene
- Commute and cars: 36.9 minutes average trip to work
- Crime reported to police: 0 violent crimes per 100,000 residents
- Growth: +4.0% residents since 2015–2019
- How long people stay: 16.3% moved in since 2020
- Crowding and facilities: 1.6% of homes have more than 1 person per room (Small sample: wide margin of error)
Franklin Borough against Sussex County, its state and the nation
| Franklin Borough | Sussex County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 4,968 (±40) | 145,807 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 2,288 (±191) | 62,865 (±76) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 43.8% (±8.8 points) | 16.3% (±1.0 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $1,381 (±$62) | $1,585 (±$67) | $1,720 (±$7) | $1,413 |
| Median household income | $92,744 (±$17,651) | $116,186 (±$2,466) | $103,556 (±$513) | $80,734 |
| Median home value | $272,600 (±$17,162) | $369,400 (±$4,606) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $7,921 (±$540) | $8,568 (±$102) | $9,590 (±$25) | $3,119 |
| Built before 1980 | 72.8% (±11.5 points) | 63.2% (±2.1 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 36.9 minutes (±2.8) | 36.3 minutes (±0.8) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.3% (±5.1 points) | 94.5% (±0.7 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 48.5 years (±3.7) | 43.8 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Franklin Borough covers 4.4 square miles of land, about 1,140 residents per square mile (Census Bureau Gazetteer).
How Franklin Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 4,778 (±35) | 4,968 (±40) | +4.0% | Measurable increase |
| Housing units | 2,283 (±150) | 2,288 (±191) | +0.2% | Not a measurable change |
| Median gross rent | $1,064 (±$115) | $1,381 (±$62) | +29.8% | No measurable change after inflation |
| Median home value | $187,600 (±$9,195) | $272,600 (±$17,162) | +45.3% | Up after inflation |
| Median household income | $65,329 (±$13,039) | $92,744 (±$17,651) | +42.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,835 (±$117) | $2,223 (±$178) | +21.1% | No measurable change after inflation |
| Median real estate taxes | $6,397 (±$290) | $7,921 (±$540) | +23.8% | No measurable change after inflation |
| Households that rent | 27.1% (±5.5 points) | 43.8% (±8.8 points) | +16.7 percentage points | Measurable increase |
| Rental vacancy rate | 21.6% (±12.5 points) | 3.8% (±6.3 points) | −17.8 percentage points | Measurable decrease |
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.
Crime reported to police in Franklin Borough
In 2025, the Franklin Police Department reported 0 violent and 372 property crimes per 100,000 residents to the FBI.
Across Sussex County, the departments that report recorded 55 violent and 302 property crimes per 100,000 residents that year.
ZIP codes in Franklin Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07416 | 36% | 5,851 | $1,381 | $289,000 | $93,983 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Franklin Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Hardyston Township | 1.9 mi | $2,097 | $360,400 | 20.3% |
| Ogdensburg Borough | 2.1 mi | $1,445 | $324,500 | 10.4% |
| Hamburg Borough | 2.9 mi | $1,685 | $280,900 | 29.5% |
| Lafayette Township | 4.3 mi | $1,891 | $490,200 | 12.0% |
| Sparta Township | 4.4 mi | $1,864 | $484,200 | 12.6% |
| Sussex Borough | 7.0 mi | $1,418 | $275,500 | 63.6% |
| Vernon Center | 7.1 mi | $1,494 | $173,500 | 28.1% |
| Oak Ridge | 7.2 mi | $1,372 | $436,100 | 13.5% |
Places in New Jersey most like Franklin Borough
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Washington Borough | $1,348 | $263,300 | $81,336 | 41.6% |
| Roselle Borough | $1,567 | $379,900 | $92,762 | 45.3% |
| Berlin Township | $1,372 | $302,600 | $75,238 | 32.9% |
| Hackettstown Town | $1,469 | $361,600 | $93,083 | 42.2% |
| Edgewater Park Township | $1,491 | $281,800 | $84,960 | 25.5% |
| Berlin Borough | $1,439 | $336,300 | $102,855 | 29.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Franklin Borough, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,637 | $1,850 | $2,233 | $2,785 | $3,188 |
HUD income limits for Franklin Borough, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $29,050 | $48,450 | $74,800 |
| 2 people | $33,200 | $55,400 | $85,450 |
| 3 people | $37,350 | $62,300 | $96,150 |
| 4 people | $41,500 | $69,200 | $106,800 |
| 5 people | $44,850 | $74,750 | $115,350 |
| 6 people | $48,150 | $80,300 | $123,900 |
| 7 people | $51,500 | $85,850 | $132,450 |
| 8 people | $55,720 | $91,350 | $141,000 |
These are the limits HUD sets for its housing programs in the Newark, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $138,400.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Franklin Borough
What is the average rent in Franklin Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Borough is $1,381 (±$62) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Franklin Borough?
The median gross rent for a one-bedroom home in Franklin Borough, NJ is $1,310 (±$176) a month (2020–2024 American Community Survey).
Are renters in Franklin Borough rent-burdened?
42.2% of renting households in Franklin Borough pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Franklin Borough?
Franklin Borough has an estimated 975 (±234) renting households, 43.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Franklin Borough?
The median household income in Franklin Borough is $92,744 (±$17,651) a year (2020–2024 American Community Survey).
What is the average home value in Franklin Borough, NJ?
The Census Bureau publishes the median: $272,600 (±$17,162) for owner-occupied homes in Franklin Borough (2020–2024 American Community Survey).
Is Franklin Borough growing?
In Franklin Borough, the number of residents went from 4,778 in 2015–2019 to 4,968 in 2020–2024 (+4.0%), a measurable increase.
What ZIP codes are in Franklin Borough?
The ZIP code that covers Franklin Borough is 07416.
What is the median rent in ZIP code 07416?
The median gross rent in ZIP Code Tabulation Area 07416 is $1,381 (±$62) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin borough, Sussex County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Newark, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Newark, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Franklin Police Department (ORI NJ0190600)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Franklin borough, Sussex County, New Jersey (county subdivision:24930, in state:34 county:037).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .