What is the median home value in Franklin Park, NJ?

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

The median value of owner-occupied homes in Franklin Park, NJ is $336,600 (±$30,848), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Franklin Park, the median home value went from $283,100 in 2015–2019 to $336,600 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $336,600 (±$30,848)
Owner-occupied homes: 2,924 (±367)
Most common range: $300,000 to $499,999

Home values in Franklin Park

Owner-occupied homes by value, 2020–2024
Value	Franklin Park	Somerset County	New Jersey	United States
Less than $50,000	1.7% (±1.9 points)	1.2%	2.5%	5.3%
$50,000 to $99,999	2.6% (±3.2 points)	0.6%	1.8%	6.1%
$100,000 to $149,999	6.4% (±5.9 points)	1.4%	2.2%	6.8%
$150,000 to $199,999	3.8% (±3.8 points)	1.1%	4.3%	9.0%
$200,000 to $299,999	26.4% (±7.3 points)	6.9%	12.9%	17.8%
$300,000 to $499,999	44.1% (±9.1 points)	32.9%	34.2%	26.9%
$500,000 to $999,999	14.4% (±4.8 points)	44.0%	34.5%	20.9%
$1,000,000 or more	0.6% (±1.0 points)	11.8%	7.6%	7.1%

The most common range is $300,000 to $499,999, 44.1% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Franklin Park against Somerset County, its state and the nation

Estimate (90% margin of error)
	Franklin Park	Somerset County	New Jersey	United States
Median home value	$336,600 (±$30,848)	$552,100 (±$7,374)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	2,924 (±367)	97,187 (±1,176)	2,239,128 (±10,678)	84,210,142

In Franklin Park, the median home value is lower than in Somerset County ($552,100).

It is also lower than in New Jersey ($454,400).

It is not measurably different from the national figure ($332,700).

In Somerset County, Franklin Park ranks 24 of 24 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 177 of 248.

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

How home values in Franklin Park have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$283,100 (±$18,751)	$336,600 (±$30,848)	+18.9%	No measurable change after inflation
Median owner cost with a mortgage	$2,159 (±$212)	$2,263 (±$188)	+4.8%	Down after inflation
Median real estate taxes	$6,213 (±$316)	$6,216 (±$605)	0.0%	Down 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.

Median home value in places near Franklin Park

Nearest places with a published estimate, compared with Franklin Park
Place	Distance	Median home value	Compared with this place
Franklin Park	—	$336,600 (±$30,848)	—
Six Mile Run	1.8 mi	$480,700 (±$80,512)	Higher
Kendall Park	2.4 mi	$590,300 (±$65,224)	Higher
Ten Mile Run	2.8 mi	$710,200 (±$85,998)	Higher
Deans	3.2 mi	$790,200 (±$49,068)	Higher
North Brunswick Township	3.3 mi	$431,500 (±$16,831)	Higher
Voorhees	3.7 mi	$388,200 (±$57,020)	Not measurably different
Blackwells Mills	3.9 mi	$735,000 (±$39,664)	Higher
Middlebush	4.0 mi	$502,100 (±$86,955)	Higher

Nearby places with a measurably higher figure: Six Mile Run, NJ ($480,700), Kendall Park, NJ ($590,300), Ten Mile Run, NJ ($710,200).

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

Median home value across Somerset County, place by place

Rank	Place	Median home value
18	Kingston	$475,900 (±$234,347)
19	Somerset	$438,800 (±$13,518)
20	Hillsborough	$435,700 (±$29,393)
21	Finderne	$413,400 (±$36,998)
22	Voorhees	$388,200 (±$57,020)
23	East Franklin	$385,900 (±$26,905)
24	Franklin Park	$336,600 (±$30,848)

Showing 7 of 24 places in Somerset County, ranked from highest to lowest.

Franklin Park 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.

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Questions about Franklin Park

What is the average home value in Franklin Park, NJ?

The Census Bureau publishes the median: $336,600 (±$30,848) for owner-occupied homes in Franklin Park (2020–2024 American Community Survey).

Have home values in Franklin Park gone up?

In Franklin Park, the median home value went from $283,100 in 2015–2019 to $336,600 in 2020–2024 (+18.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Franklin Park sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Franklin Park CDP, New Jersey (place:25020, in state:34).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.