Zip 07416 (Franklin, NJ) Housing

Housing in 07416 Franklin, NJ is currently valued at a median of $290,400, which is slightly lower than the national median value of $338,100. However, this area has experienced a significant appreciation rate over the past year with an increase of 7.56%, just below the national average of 8.27%. With this relatively strong growth in housing prices, 07416 Franklin is a great option for anyone looking to invest in real estate or purchase a home.

The median home cost in Franklin (zip 07416) is $290,400. Home appreciation the last 10 years has been 51.6%. Home Appreciation in Franklin (zip 07416) is up 12.7%.

Average Age of Homes

- The median age of Franklin (zip 07416) real estate is 57 years old

The Rental Market in Franklin (zip 07416)

- Renters make up 24.1% of the Franklin (zip 07416) population
- 3.9% of houses and apartments in Franklin (zip 07416), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Franklin, New Jersey	United States
	2,945.0	139,647,020.0
	63	42
	$290,400	$338,100
	12.7%	16.6%
	39.2%	57.0%
	51.6%	101.1%
	$31.52	$10.98
	$6,480	$2,690
	57.3%	57.4%
	14.1%	11.2%
	28.6%	31.4%
Vacant Housing
	3.9%	1.9%
	0.6%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	3.9%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	5.5%	2.6%
	3.1%	2.4%
	1.3%	2.8%
	2.4%	3.9%
	1.7%	4.5%
	18.1%	11.3%
	15.9%	13.0%
	32.5%	20.1%
	12.4%	13.6%
	5.6%	8.3%
	0.3%	9.7%
	0.5%	3.9%
	0.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	4.7%	13.6%
	10.2%	13.2%
	12.7%	14.8%
	4.7%	13.6%
	11.4%	10.0%
	5.7%	4.7%
	34.9%	12.2%

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