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
Compare with nearby places
Places of similar size in New Jersey.
- Echelon CDP 13,577
- New Providence borough 13,577
- Eatontown borough 13,537
- Woodland Park borough 13,284
- Ridgefield Park village 13,167
- Florham Park borough 13,134
- Fords CDP 13,052
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