Franklin, NJ Overview

Blending commercial, retail, office, and residential development, Franklin Borough offers a vital and progressive community.  Commercial development is largely clustered along the Route 23 corridor, stimulating the local economy and providing opportunities for employment close to home.  Although Franklin provides a small-town ambiance with tranquil residential neighborhoods, outstanding cultural and entertainment attractions are available close to home.  Locally, the world-famous Franklin Mineral Museum attracts visitors to exceptional displays and exhibits.  Transportation efficiencies are ensured by Route 517 to Routes 15 and 23, which provide additional links to major regional highways. Recreational amenities include lush parks, playgrounds, athletic fields, league sports, tennis courts, a senior center, a golf course, and a swimming pond. 

Summary

Population Growth (since 2000) -7%
Population Density (ppl / mile) 1,080.00
Household Size (ppl) 2.594
Households w/ Children 28%

Housing Stability

Annual Residential Turnover 0%
5+ Years in Residency 40%
Median Year in Residency 3.81

Housing Inventory

Franklin, NJ Housing Inventory 1,327 179 533 1,327 179

Market Overview

50 listings with an estimated median price of $299,000

Price Count
$0 - 100K 12
$100K - 200K 3
$200K - 300K 13
$300K - 400K 5
$400K - 500K 11
$500K - 600K 4
$600K - 700K 1
$800K - 900K 1
Property Type Count
Single Family 26
Condo 2
Commercial 8
Rental 6
Lots and Land 9
Multi Family 5

(Data as of 4/23/2024)

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Franklin, NJ Population Demographics

Total: 4,845

Households:1,860

Median Age: 42.49

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature (degrees F)

Franklin, NJ Temperature

Weather Risk

Franklin, NJ Weather Risk

Education

The Community Educational Index chart is based on the U.S. Census Bureau's Socioeconomic Status (SES) elements. Factors used in creating the index below are income, educational achievement, and occupation of persons within the selected ZIP code. Since this index is based on the population of an entire Zip code, it may not reflect the nature of an individual school.

Education Climate Index

Franklin, NJ Education Climate Index

Highest Education Level Attained

Franklin, NJ Highest Education Level Attained 1,446 170 98 180 526 298 710 1,446 170 98 180 526

Employment and Finance

Workforce

Franklin, NJ Workforce

Income by dollar range (Median Income: $55,980)

Franklin, NJ Income by dollar range 97 109 70 89 97 111 88 75 71 205 172 200 206 150 90 17 7 6

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

Studio
$1,007
One Bedroom
$1,063
Two Bedroom
$1,288
Three Bedroom
$1,655
Four Bedroom
$1,886

Smoking Ban

The Smoking Ban data indicates whether an area has a smoking ban in place for workplaces, restaurants or bars. This information represents that of the search area and may not reflect that of the whole County or State.

Workplaces
Yes
Restaurants
Yes
Bars
Yes

Crime

The Crime Index compares the risk or probability of future occurrence of certain types of crime in this community as compared to the national average. The national average for each type of crime equals a score of 1.0, so a score of 2.0 would represent twice the risk as the national average, and a score of 0.50 would represent half the risk of the national average.

Franklin, NJ Crime

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