What percentage of people rent in Franklin Borough, NJ?

Name: Renters and owners in Franklin Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

43.8% (±8.8 points) of the occupied homes in Franklin Borough, NJ are rented (2020–2024 American Community Survey).

That is 975 renting households against 1,249 that own their home.

In Franklin Borough, the share of households that rent went from 27.1% in 2015–2019 to 43.8% in 2020–2024 (+16.7 percentage points), a measurable increase.

Figures last updated on November 12, 2026.

Households that rent: 43.8% (±8.8 points)
Renting households: 975 (±234)
Median renter income: $62,423 (±$35,022)

Who rents and who owns in Franklin Borough

Tenure, estimate (90% margin of error)
	Franklin Borough	Sussex County	New Jersey	United States
Renter-occupied share	43.8% (±8.8 points)	16.3% (±1.0 points)	36.2% (±0.2 points)	34.8%
Renting households	975 (±234)	9,401 (±577)	1,268,573 (±8,082)	45,017,354
Owning households	1,249 (±192)	48,366 (±720)	2,239,128 (±10,678)	84,210,142
Average renter household size	1.9 (±0.4)	2.0 (±0.1)	2.4 (±0.0)	2.3
Average owner household size	2.5 (±0.3)	2.6 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$62,423 (±$35,022)	$61,606 (±$4,703)	$62,674 (±$718)	$52,966
Median owner household income	$105,605 (±$8,604)	$128,019 (±$3,672)	$133,477 (±$624)	$100,009

In Franklin Borough, the renter share is higher than in Sussex County (16.3%).

It is not measurably different from New Jersey (36.2%).

It is higher than the national figure (34.8%).

In Sussex County, Franklin Borough ranks 4 of 24 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 96 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Franklin Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	27.1% (±5.5 points)	43.8% (±8.8 points)	+16.7 percentage points	Measurable increase
Median gross rent	$1,064 (±$115)	$1,381 (±$62)	+29.8%	No measurable change after inflation
Median household income	$65,329 (±$13,039)	$92,744 (±$17,651)	+42.0%	No measurable change 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 Franklin Borough

Nearest places with a published estimate, compared with Franklin Borough
Place	Distance	Households that rent	Compared with this place
Franklin Borough	—	43.8% (±8.8 points)	—
Hardyston Township	1.9 mi	20.3% (±5.6 points)	Lower
Ogdensburg Borough	2.1 mi	10.4% (±4.8 points)	Lower
Hamburg Borough	2.9 mi	29.5% (±9.8 points)	Lower
Lafayette Township	4.3 mi	12.0% (±5.1 points)	Lower
Sparta Township	4.4 mi	12.6% (±3.1 points)	Lower
Sussex Borough	7.0 mi	63.6% (±7.3 points)	Higher
Vernon Center	7.1 mi	28.1% (±10.9 points)	Lower
Oak Ridge	7.2 mi	13.5% (±4.6 points)	Lower

Nearby places with a measurably lower figure: Hardyston Township, NJ (20.3%), Ogdensburg Borough, NJ (10.4%), Hamburg Borough, NJ (29.5%).

Nearby places with a measurably higher figure: Sussex Borough, NJ (63.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Sussex County, place by place

Rank	Place	Households that rent
1	Sussex Borough	63.6% (±7.3 points)
2	Branchville Borough	44.0% (±15.6 points)
3	Andover Borough	43.9% (±15.0 points)
4	Franklin Borough	43.8% (±8.8 points)
5	Newton Town	40.7% (±6.4 points)
6	Hamburg Borough	29.5% (±9.8 points)
7	Hardyston Township	20.3% (±5.6 points)
8	Montague Township	18.8% (±8.2 points)
9	Wantage Township	17.9% (±6.3 points)
10	Stanhope Borough	13.9% (±6.4 points)

Showing 10 of 24 places in Sussex County, ranked from highest to lowest.

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

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).

Is renting growing in Franklin Borough?

In Franklin Borough, the share of households that rent went from 27.1% in 2015–2019 to 43.8% in 2020–2024 (+16.7 percentage points), a measurable increase.

How big are renting households in Franklin Borough?

A renting household in Franklin Borough has 1.9 people on average, against 2.5 in an owned home.

How much do renters earn in Franklin Borough?

The median renting household in Franklin Borough, NJ has an income of $62,423 (±$35,022) a year, against $105,605 for households that own their home.

Sources

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 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API 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.