New Jersey · Census place 24930
Franklin borough, NJ
Quick answer
Franklin borough has 4,938 residents, ranking #297 of 700 places in New Jersey. Median household income is $90,152, the median home is worth $253,100 and median gross rent runs $1,340 a month.
- Population
- 4,938Franklin borough residents
- Median household income
- $90,152Past 12 months, inflation adjusted
- Median home value
- $253,100Owner-occupied units
- Median gross rent
- $1,340Rent plus utilities, monthly
- Median age
- 51.6 yrsAll residents
- Homeownership rate
- 57%Owner-occupied households
What the numbers mean in Franklin borough
Housing cost measured against local earnings.
A household earning the Franklin borough median would spend about 17.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8% of residents and 57% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Mendham borough 4,977
- Ampere North CDP 4,968
- Brielle borough 4,960
- Demarest borough 4,916
- Golden Triangle CDP 4,893
- Flemington borough 4,887
- Harrington Park borough 4,883
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