Is Franklin Park, NJ growing?
Franklin Park, NJ had an estimated 13,211 (±1,215) residents in 2020–2024, against 13,977 in 2015–2019.
That is a change of −5.5%, not a measurable change.
Its housing went from 6,146 to 5,249 homes (−14.6%), a measurable decrease.
0.0% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 13,211 (±1,215)
- Amount of change
- −5.5%
- Homes change
- −14.6%
- Built 2020 or later
- 0.0%
Residents and homes in Franklin Park, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 13,977 (±961) | 13,211 (±1,215) | −5.5% | Not a measurable change |
| Housing units | 6,146 (±381) | 5,249 (±383) | −14.6% | Measurable decrease |
| Households that rent | 41.0% (±4.8 points) | 44.3% (±6.0 points) | +3.3 percentage points | Not a measurable change |
| Median gross rent | $1,744 (±$55) | $2,157 (±$115) | +23.7% | No measurable change after inflation |
| Median home value | $283,100 (±$18,751) | $336,600 (±$30,848) | +18.9% | 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.
Growth in Franklin Park against Somerset County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Franklin Park | −5.5% | Not a measurable change | −14.6% |
| Somerset County | +6.1% | Measurable increase | +5.5% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Franklin Park
| Year built | Franklin Park | Somerset County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 0.0% (±0.9 points) | 1.3% | 1.1% | 2.0% |
| 2010 to 2019 | 1.6% (±1.4 points) | 6.1% | 6.2% | 9.4% |
| 2000 to 2009 | 16.1% (±4.9 points) | 9.7% | 9.2% | 13.6% |
1.6% of the homes in Franklin Park were built in 2010 or later.
The median age of residents is 37.1 years.
Growth in places near Franklin Park
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Franklin Park | — | 13,211 | −5.5% | Not a measurable change |
| Six Mile Run | 1.8 mi | 2,882 | −0.6% | Not a measurable change |
| Kendall Park | 2.4 mi | 10,011 | +8.4% | Not a measurable change |
| Ten Mile Run | 2.8 mi | 2,492 | +75.1% | Measurable increase |
| North Brunswick Township | 3.3 mi | 44,375 | +6.3% | Measurable increase |
| Voorhees | 3.7 mi | 2,000 | +17.1% | Not a measurable change |
| Blackwells Mills | 3.9 mi | 10,301 | +1406.0% | Measurable increase |
| Middlebush | 4.0 mi | 2,049 | −22.6% | Not a measurable change |
| Heathcote | 4.2 mi | 7,717 | +18.6% | Not a measurable change |
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
Is Franklin Park growing?
Franklin Park, NJ had an estimated 13,211 residents in 2020–2024 and 13,977 in 2015–2019, a change of −5.5%: not a measurable change by the Census Bureau’s test.
How many homes have been added in Franklin Park?
The estimated number of housing units went from 6,146 in 2015–2019 to 5,249 in 2020–2024 (−14.6%), a measurable decrease.
How much new construction is there in Franklin Park?
0.0% of homes in Franklin Park were built in 2020 or later and 1.6% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin Park CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Franklin Park 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) 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 B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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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- Income and affordability in Franklin Park
- Home values in Franklin Park
- Homeowner costs in Franklin Park
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- Age of homes in Franklin Park
- Vacancy rate in Franklin Park
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- New Jersey landlord and tenant rules
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