Franklin Park, NJ · Houses & Market Data

Franklin Park, New Jersey houses and real estate market data.

Houses in Franklin Park, NJ (Somerset County) — Census median home value $326,800, county listing prices down about 3.6% over the past year. Market data for Franklin Park houses and the broader area.

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Franklin Park, NJ is in Somerset County, New Jersey — this guide covers houses in Franklin Park and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 13,327, with a median household income of $111,508. Census data puts Franklin Park houses at a median value of $326,800 (all owner-occupied homes); Somerset County's current median listing price runs $669,950, down about 3.6% over the past year.

Info from government sites and builders may have provided source info.

Market overview

Franklin Park housing market

Franklin Park is in Somerset County, New Jersey. Manifest Census and county price-trend data provide baseline context for houses in Franklin Park and the surrounding county market.

Median home value (Census ACS)

$326,800

Population (Census ACS)

13,327

Median household income

$111,508

County price trend (2025)

6.3% YoY

Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.

At a glance

Franklin Park market snapshot

Population

13,327

County

Somerset County

Median Household Income

$111,508

Median Home Value (city)

$326,800

Median Listing Price (Somerset County)

$669,950

Median Gross Rent

$2,074/mo

Price Trend (YoY)

-3.6%

Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About

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Why Franklin Park

What makes Franklin Park different

Home Value, By Source

The Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin Park's median home value — across all owner-occupied homes, not just recent sales — at $326,800. Separately, Somerset County's current median listing price (via Realtor.com data, 2026-06-01) runs $669,950. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.

County Price Trend

Somerset County's FHFA house price index shows a 6.3% annual change in 2025.

Population & Income

Franklin Park has an estimated population of 13,327 and a median household income of $111,508, per the Census Bureau's American Community Survey (2023 5-year estimate).

Affordability Snapshot

Franklin Park's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 22% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.

Nearby

Places around Franklin Park

County guide: Somerset County — cities, market context, and local resources for the county that includes Franklin Park.

USAHouses.com also helps visitors looking in nearby Somerset County and other New Jersey communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.

Nearby communities include Six Mile Run, Pleasant Plains, Ten Mile Run, Griggstown, Clyde, Voorhees, Blackwells Mills, East Millstone, Middlebush, East Rocky Hill, Millstone, Somerset, East Franklin, Weston, Harlingen, Rocky Hill.

More New Jersey cities with market guides: Newark, Jersey City, Paterson, Elizabeth, Toms River, Trenton, Clifton, Camden.

Adjacent-county Census places with USAHouses.com pages: Kendall Park (~2.4 mi), Deans (~3.2 mi), Heathcote (~4.2 mi), Monmouth Junction (~4.8 mi), Dayton (~5.0 mi), Milltown (~5.7 mi), Kingston (~5.8 mi), New Brunswick (~5.9 mi), Rutgers University-Busch Campus (~6.5 mi), Highland Park (~7.1 mi), Rutgers University-Livingston Campus (~7.2 mi), Princeton Meadows (~7.6 mi), Forsgate (~7.7 mi), Helmetta (~7.7 mi), Plainsboro Center (~8.3 mi), Rossmoor (~8.5 mi).

New construction: New homes near Franklin Park (Newark) · New Jersey new construction.

Census & home facts

Franklin Park data from published sources

Population (ACS 2023)

13,327

Median home value (ACS 2023)

$326,800

Median household income (ACS 2023)

$111,508

Median gross rent (ACS 2023)

$2,074

County FHFA annual change (2025)

6.3%

County median listing price (FRED/Realtor.com) (2026-06-01)

$669,950

Census place type

CDP

County

Somerset County

Land area (Census Gazetteer 2024)

2.60 sq mi

Census GEOID

3425020

Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.

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Common questions

Franklin Park FAQ

What are houses worth in Franklin Park, NJ?

The Census Bureau's American Community Survey puts the median value of houses in Franklin Park at $326,800. Somerset County's current median listing price runs $669,950, down about 3.6% over the past year.

How much do houses cost in Franklin Park, NJ?

For owner-occupied houses in Franklin Park, Census ACS data shows a median value of $326,800. Active listing prices in Somerset County may differ — see the market snapshot above.

What types of houses are in Franklin Park, NJ?

Franklin Park houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Somerset County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.

What is the population of Franklin Park, NJ?

The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin Park's population at approximately 13,327.

What's the median rent in Franklin Park, NJ?

The Census ACS estimates median gross rent in Franklin Park at approximately $2,074 per month.

What is the median household income in Franklin Park, NJ?

Census ACS data puts the median household income in Franklin Park at approximately $111,508.

Is the Franklin Park housing market growing?

Somerset County's FHFA house price index shows a 6.3% annual change in 2025.

Is Franklin Park, NJ affordable relative to income?

Census ACS data puts Franklin Park's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 22% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.

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