Rental market snapshot for Franklin, New Jersey

Franklin, New Jersey Rental Property Market Overview

Franklin, New Jersey is a small town located in Somerset County with a population of 4,938 as of 2021, according to the US Census. It is a quiet and peaceful town with a variety of parks, trails, and recreational activities. The town is home to a variety of shops, restaurants, and businesses, making it a great place to live and work. Franklin also offers a variety of educational opportunities, including a public school system and several private schools.

The average rent for an apartment in Franklin is $1,942. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Franklin New Jersey | Cost of Living

  • The most expensive ZIP code in Franklin is 08322 with an average price of $1,863.
  • The cheapest ZIP code in Franklin is 08322 with an average price of $1,863.

Franklin ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
108322$1,863

Live near Franklin, New Jersey's Top Sights and Attractions

Franklin Mineral Rock and History is an attraction located in Franklin, New Jersey. It is a museum and educational center dedicated to the history of mineral collecting and mining in the area. Visitors can explore a variety of exhibits, including a mineral gallery, a fossil gallery, and a mining history gallery. The museum also offers educational programs and workshops for all ages. Visitors can also purchase a variety of minerals, fossils, and gemstones from the museum's gift shop.

Hamburg Mountain Wildlife Management Area is a scenic outdoor destination located in Franklin, New Jersey. This area is a great spot for outdoor enthusiasts, offering a variety of activities such as hiking, mountain biking, horseback riding, and bird watching. The area is home to a wide variety of wildlife, including deer, foxes, and a variety of birds. The trails are well-marked and offer stunning views of the surrounding area. Visitors can also explore the nearby lake, which is stocked with trout and other fish. Whether you're looking for a peaceful hike or an adrenaline-filled adventure, Hamburg Mountain Wildlife Management Area is the perfect spot for a day of outdoor fun.

The Franklin Mineral Museum is a unique attraction located in the heart of New Jersey. It is a great place to explore the history and science of minerals and mining. Visitors can explore the museum's extensive collection of minerals, gems, fossils, and artifacts from around the world. The museum also offers educational programs and activities for all ages, including guided tours, lectures, and hands-on activities. Visitors can also purchase souvenirs and gifts from the museum's gift shop.

Kittatinny Valley State Park is a sprawling outdoor recreation area located in northern New Jersey. It features over 25 miles of trails for hiking, biking, and horseback riding, as well as a variety of lakes and streams for fishing and boating. The park also has a campground with over 100 sites, as well as picnic areas and playgrounds. Visitors can also explore the park's historic sites, including a 19th-century iron furnace and a restored 19th-century farmhouse.

Franklin Pond is a picturesque lake located in a quiet, rural area. It is surrounded by lush greenery and is a popular spot for fishing, boating, and swimming. The lake is stocked with a variety of fish, including bass, trout, and catfish. There are also plenty of picnic tables and grills available for visitors to use. The lake is a great spot for a peaceful day out in nature, and is a popular destination for families and friends.

The Franklin Heritage Museum is a historic attraction located in a quaint New Jersey town. The museum is housed in a 19th century building, and features a variety of artifacts and exhibits that tell the story of the town's history. Visitors can explore the museum's collection of artifacts, including photographs, documents, and artifacts from the town's past. The museum also offers educational programs and events throughout the year, such as lectures, workshops, and guided tours.

Wallkill Preserve is a beautiful nature preserve located in Franklin, New Jersey. It features a variety of outdoor activities, including hiking, biking, fishing, and bird watching. The preserve is home to a variety of wildlife, including deer, foxes, and birds. There are also several ponds and streams throughout the preserve, providing a great opportunity for fishing. The preserve also features several picnic areas and a playground for children. The trails are well-maintained and provide a peaceful and tranquil atmosphere for visitors to enjoy.

Franklin, New Jersey area median rent change by ZIP code map

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How does Franklin compare to other cities in New Jersey?

citymedian price
South Plainfield$4,400
Atlantic Highlands$2,895
Milford$2,700
Hackettstown$2,335
North Brunswickship$2,335
Wallington$2,300
Stanhope$2,000
Absecon$1,990
Princeton$1,980

Average household income in Franklin area graph - US Census

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The median household income in Franklin in 2021 was $76,729. This represents a 10.1% change from 2011 when the median was $69,659.

#categorypercent
0Less than $10,0004.3%
1$10,000 to $14,9992.4%
2$15,000 to $19,9993.1%
3$20,000 to $24,9995.8%
4$25,000 to $29,9996.0%
5$30,000 to $34,9994.8%
6$35,000 to $39,9992.2%
7$40,000 to $44,9994.3%
8$45,000 to $49,9990.7%
9$50,000 to $59,9997.0%
10$60,000 to $74,9998.2%
11$75,000 to $99,99926.3%
12$100,000 to $124,9997.2%
13$125,000 to $149,9997.9%
14$150,000 to $199,9996.6%
15$200,000 or more3.1%

Neighborhoods in Franklin

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Franklin is $1,942.
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