Is Franklin Township (Somerset County), NJ growing?
Franklin Township (Somerset County), NJ had an estimated 68,907 (±47) residents in 2020–2024, against 65,554 in 2015–2019.
That is a change of +5.1%, a measurable increase.
Its housing went from 27,287 to 27,089 homes (−0.7%), not a measurable change.
0.6% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 68,907 (±47)
- Amount of change
- +5.1%
- Homes change
- −0.7%
- Built 2020 or later
- 0.6%
Residents and homes in Franklin Township (Somerset County), 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 65,554 (±50) | 68,907 (±47) | +5.1% | Measurable increase |
| Housing units | 27,287 (±673) | 27,089 (±679) | −0.7% | Not a measurable change |
| Households that rent | 29.0% (±2.3 points) | 30.7% (±2.4 points) | +1.7 percentage points | Not a measurable change |
| Median gross rent | $1,642 (±$40) | $2,115 (±$94) | +28.8% | No measurable change after inflation |
| Median home value | $337,100 (±$7,180) | $457,900 (±$9,937) | +35.8% | Up 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 Township (Somerset County) against Somerset County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Franklin Township (Somerset County) | +5.1% | Measurable increase | −0.7% |
| 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 Township (Somerset County)
| Year built | Franklin Township (Somerset County) | Somerset County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 0.6% (±0.4 points) | 1.3% | 1.1% | 2.0% |
| 2010 to 2019 | 8.8% (±1.3 points) | 6.1% | 6.2% | 9.4% |
| 2000 to 2009 | 15.6% (±2.1 points) | 9.7% | 9.2% | 13.6% |
9.4% of the homes in Franklin Township (Somerset County) were built in 2010 or later.
The median age of residents is 40.6 years.
Growth in places near Franklin Township (Somerset County)
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Franklin Township (Somerset County) | — | 68,907 | +5.1% | Measurable increase |
| Blackwells Mills | 2.5 mi | 10,301 | +1406.0% | Measurable increase |
| Millstone Borough | 2.9 mi | 655 | +31.5% | Not a measurable change |
| North Brunswick Township | 4.2 mi | 44,375 | +6.3% | Measurable increase |
| Kendall Park | 4.4 mi | 10,011 | +8.4% | Not a measurable change |
| Manville Borough | 4.9 mi | 10,921 | +6.8% | Measurable increase |
| South Bound Brook Borough | 5.5 mi | 4,867 | +7.3% | Measurable increase |
| New Brunswick | 5.6 mi | 56,345 | +0.7% | Measurable increase |
| Belle Mead | 5.6 mi | 6,394 | +3049.8% | Measurable increase |
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.
What you can do on Seayora in Franklin Township (Somerset County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Franklin Township (Somerset County) beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Franklin Township (Somerset County), save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Franklin Township (Somerset County), and send estimates and invoices from your phone.
Questions about Franklin Township (Somerset County)
Is Franklin Township (Somerset County) growing?
Franklin Township (Somerset County), NJ had an estimated 68,907 residents in 2020–2024 and 65,554 in 2015–2019, a change of +5.1%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Franklin Township (Somerset County)?
The estimated number of housing units went from 27,287 in 2015–2019 to 27,089 in 2020–2024 (−0.7%), not a measurable change.
How much new construction is there in Franklin Township (Somerset County)?
0.6% of homes in Franklin Township (Somerset County) were built in 2020 or later and 8.8% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Housing Units (B25001), 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
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin township, Somerset County, New Jersey
- Median Value (B25077), 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 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
- Housing in Franklin Township (Somerset County) at a glance
- Median rent in Franklin Township (Somerset County)
- Rent by bedrooms in Franklin Township (Somerset County)
- Rent burden in Franklin Township (Somerset County)
- Renters and owners in Franklin Township (Somerset County)
- Income and affordability in Franklin Township (Somerset County)
- Home values in Franklin Township (Somerset County)
- Homeowner costs in Franklin Township (Somerset County)
- Property taxes in Franklin Township (Somerset County)
- Types of homes in Franklin Township (Somerset County)
- Bedrooms in Franklin Township (Somerset County)
- Age of homes in Franklin Township (Somerset County)
- Vacancy rate in Franklin Township (Somerset County)
- Heating fuel in Franklin Township (Somerset County)
- Commute and cars in Franklin Township (Somerset County)
- Crime reported to police in Franklin Township (Somerset County)
- How long people stay in Franklin Township (Somerset County)
- Crowding and facilities in Franklin Township (Somerset County)
- Local landlord and tenant rules in Franklin Township (Somerset County)
- New Jersey landlord and tenant rules
- Housing across Somerset County
- Housing data for every place in New Jersey