What is the median rent in Franklin Township (Somerset County), NJ?
The median gross rent in Franklin Township (Somerset County), NJ is $2,115 (±$94) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 7,986 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Franklin Township (Somerset County), the median gross rent went from $1,642 in 2015–2019 to $2,115 in 2020–2024 (+28.8%).
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 .
- Median gross rent
- $2,115 (±$94)
- Rented homes
- 7,986 (±663)
- $2,000 or more
- 57.4%
- Since 2015–2019
- +28.8%
How much rent costs in Franklin Township (Somerset County)
| Monthly gross rent | Franklin Township (Somerset County) | Somerset County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 1.6% (±1.3 points) | 1.9% | 6.1% | 6.3% |
| $500 to $999 | 4.9% (±2.6 points) | 4.0% | 7.9% | 20.2% |
| $1,000 to $1,499 | 5.5% (±2.1 points) | 11.4% | 23.5% | 28.1% |
| $1,500 to $1,999 | 30.6% (±6.3 points) | 31.0% | 28.5% | 21.1% |
| $2,000 to $2,499 | 32.3% (±6.2 points) | 25.3% | 17.2% | 12.0% |
| $2,500 to $2,999 | 17.7% (±4.9 points) | 14.9% | 7.9% | 5.5% |
| $3,000 or more | 7.4% (±2.8 points) | 11.5% | 8.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 32.3% of renting households.
57.4% of rented homes in Franklin Township (Somerset County) cost $2,000 or more a month.
Franklin Township (Somerset County) against Somerset County, its state and the nation
| Franklin Township (Somerset County) | Somerset County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $2,115 (±$94) | $2,033 (±$52) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 7,986 (±663) | 32,528 (±1,212) | 1,230,839 (±7,912) | 42,849,984 |
In Franklin Township (Somerset County), median gross rent is not measurably different from Somerset County ($2,033).
It is also higher than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
In Somerset County, Franklin Township (Somerset County) ranks 10 of 21 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 124 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Franklin Township (Somerset County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,642 (±$40) | $2,115 (±$94) | +28.8% | No measurable change after inflation |
| Households that rent | 29.0% (±2.3 points) | 30.7% (±2.4 points) | +1.7 percentage points | Not a measurable change |
| Rental vacancy rate | 3.2% (±2.3 points) | 0.5% (±0.6 points) | −2.7 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.
Median gross rent in places near Franklin Township (Somerset County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Franklin Township (Somerset County) | — | $2,115 (±$94) | — |
| Blackwells Mills | 2.5 mi | $3,206 (±$134) | Higher |
| Millstone Borough | 2.9 mi | $1,375 (±$856) | Not measurably different |
| North Brunswick Township | 4.2 mi | $2,117 (±$76) | Not measurably different |
| Kendall Park | 4.4 mi | $1,928 (±$597) | Not measurably different |
| Manville Borough | 4.9 mi | $1,844 (±$173) | Lower |
| Rutgers University-Busch Campus | 5.3 mi | $2,197 (±$82) | Not measurably different |
| South Bound Brook Borough | 5.5 mi | $1,778 (±$179) | Lower |
| New Brunswick | 5.6 mi | $1,814 (±$56) | Lower |
Nearby places with a measurably lower figure: Manville Borough, NJ ($1,844), South Bound Brook Borough, NJ ($1,778), New Brunswick, NJ ($1,814).
Nearby places with a measurably higher figure: Blackwells Mills, NJ ($3,206).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Somerset County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 4 | Bernardsville Borough | $2,297 (±$315) |
| 5 | Bedminster Township | $2,294 (±$229) |
| 6 | Branchburg Township | $2,268 (±$138) |
| 7 | Montgomery Township | $2,188 (±$372) |
| 8 | Bridgewater Township | $2,176 (±$127) |
| 9 | Warren Township | $2,170 (±$252) |
| 10 (tie) | Franklin Township (Somerset County) | $2,115 (±$94) |
| 10 (tie) | Green Brook Township | $2,115 (±$336) |
| 12 | Raritan Borough | $2,112 (±$197) |
| 13 | Bound Brook Borough | $1,973 (±$112) |
| 14 | Manville Borough | $1,844 (±$173) |
| 15 | Peapack and Gladstone Borough | $1,820 (±$157) |
| 16 | Somerville Borough | $1,802 (±$49) |
Showing 13 of 21 places in Somerset County, ranked from highest to lowest.
The figures for Franklin Township (Somerset County) include the places inside it that have pages of their own: East Franklin, Franklin Center, Franklin Park, Kingston, Middlebush, Six Mile Run, Somerset, Ten Mile Run, +2.
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 Township (Somerset County)
What is the average rent in Franklin Township (Somerset County), NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Franklin Township (Somerset County) is $2,115 (±$94) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Franklin Township (Somerset County)?
In Franklin Township (Somerset County), the median gross rent went from $1,642 in 2015–2019 to $2,115 in 2020–2024 (+28.8%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Franklin Township (Somerset County) cost more than $2,000 a month?
57.4% of rented homes in Franklin Township (Somerset County) have a gross rent of $2,000 or more a month, and 1.6% cost less than $500.
Is rent in Franklin Township (Somerset County) higher than in Somerset County?
In Franklin Township (Somerset County), median gross rent is not measurably different from Somerset County ($2,033).
It is also higher than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin township, Somerset County, 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 township, Somerset County, New Jersey (county subdivision:24900, in state:34 county:035).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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 .
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- New Jersey landlord and tenant rules
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- Housing data for every place in New Jersey