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New Jersey · Census place 25020

Franklin Park CDP, NJ

Quick answer

Franklin Park CDP has 13,327 residents, ranking #100 of 700 places in New Jersey. Median household income is $111,508, the median home is worth $326,800 and median gross rent runs $2,074 a month.

Population
13,327Franklin Park CDP residents
Median household income
$111,508Past 12 months, inflation adjusted
Median home value
$326,800Owner-occupied units
Median gross rent
$2,074Rent plus utilities, monthly
Median age
38.4 yrsAll residents
Homeownership rate
56.6%Owner-occupied households

What the numbers mean in Franklin Park CDP

Housing cost measured against local earnings.

A household earning the Franklin Park CDP median would spend about 22.3% 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 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.2% of residents and 56.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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