What percentage of people rent in Franklin Park, NJ?

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

44.3% (±6.0 points) of the occupied homes in Franklin Park, NJ are rented (2020–2024 American Community Survey).

That is 2,325 renting households against 2,924 that own their home.

In Franklin Park, the share of households that rent went from 41.0% in 2015–2019 to 44.3% in 2020–2024 (+3.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 44.3% (±6.0 points)
Renting households: 2,325 (±366)
Median renter income: $104,620 (±$26,377)

Who rents and who owns in Franklin Park

Tenure, estimate (90% margin of error)
	Franklin Park	Somerset County	New Jersey	United States
Renter-occupied share	44.3% (±6.0 points)	25.7% (±0.9 points)	36.2% (±0.2 points)	34.8%
Renting households	2,325 (±366)	33,615 (±1,269)	1,268,573 (±8,082)	45,017,354
Owning households	2,924 (±367)	97,187 (±1,176)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.5 (±0.2)	2.4 (±0.1)	2.4 (±0.0)	2.3
Average owner household size	2.5 (±0.2)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$104,620 (±$26,377)	$82,470 (±$5,113)	$62,674 (±$718)	$52,966
Median owner household income	$128,590 (±$37,017)	$170,007 (±$3,672)	$133,477 (±$624)	$100,009

In Franklin Park, 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, Franklin Park ranks 3 of 24 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 26 of 252.

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

How renting in Franklin Park 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	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 household income	$92,904 (±$9,978)	$114,946 (±$7,221)	+23.7%	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 Park

Nearest places with a published estimate, compared with Franklin Park
Place	Distance	Households that rent	Compared with this place
Franklin Park	—	44.3% (±6.0 points)	—
Six Mile Run	1.8 mi	31.4% (±9.9 points)	Lower
Kendall Park	2.4 mi	15.1% (±5.8 points)	Lower
Ten Mile Run	2.8 mi	17.7% (±14.4 points)	Lower
Deans	3.2 mi	6.7% (±7.9 points)	Lower
North Brunswick Township	3.3 mi	42.9% (±3.0 points)	Not measurably different
Voorhees	3.7 mi	50.8% (±17.1 points)	Not measurably different
Blackwells Mills	3.9 mi	4.9% (±3.6 points)	Lower
Middlebush	4.0 mi	1.3% (±2.3 points)	Lower

Nearby places with a measurably lower figure: Six Mile Run, NJ (31.4%), Kendall Park, NJ (15.1%), Ten Mile Run, NJ (17.7%).

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)
8	Six Mile Run	31.4% (±9.9 points)
9	Neshanic Station	27.9% (±9.4 points)

Showing 9 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

How many renters are there in Franklin Park?

Franklin Park has an estimated 2,325 (±366) renting households, 44.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Franklin Park?

In Franklin Park, the share of households that rent went from 41.0% in 2015–2019 to 44.3% in 2020–2024 (+3.3 percentage points), not a measurable change.

How big are renting households in Franklin Park?

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

How much do renters earn in Franklin Park?

The median renting household in Franklin Park, NJ has an income of $104,620 (±$26,377) a year, against $128,590 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 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 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.