New Jersey · Census place 24965
Franklin Center CDP, NJ
Quick answer
Franklin Center CDP has 5,770 residents, ranking #268 of 700 places in New Jersey. Median household income is $138,643, the median home is worth $565,200 and median gross rent runs $2,588 a month.
- Population
- 5,770Franklin Center CDP residents
- Median household income
- $138,643Past 12 months, inflation adjusted
- Median home value
- $565,200Owner-occupied units
- Median gross rent
- $2,588Rent plus utilities, monthly
- Median age
- 56.4 yrsAll residents
- Homeownership rate
- 69.4%Owner-occupied households
What the numbers mean in Franklin Center CDP
Housing cost measured against local earnings.
A household earning the Franklin Center CDP median would spend about 22.4% 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 4.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.6% of residents and 69.4% 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.
- Vauxhall CDP 5,875
- Hightstown borough 5,869
- Belmar borough 5,861
- Jamesburg borough 5,763
- Rutgers University-Busch Campus CDP 5,747
- Union Beach borough 5,722
- Norwood borough 5,668
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