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East Franklin

Learn about the people, housing, costs and businesses in East Franklin, New Jersey

Median Home$391,162
Median Rent$1,950/month
Population10,375
Leading IndustriesEducation · Information & Media · Finance & Insurance4% education
Home Value Growth⬆⬆⬆+31.2% over 2 years
Young Adults34% of residentswell above average
Homeowners55% of occupied units
NotableHigh Incomes$107k/year · top 13% nationally
NotableAmenity Score69/100 · highly walkable area
East Franklin
NJ

Frequently Asked Questions

What are today's mortgage rates in East Franklin?

As of today, the 30-year fixed mortgage rate for East Franklin is approximately 6.875% (6.910% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Franklin?

The median home value in East Franklin is $391k. The median monthly rent is $1,950. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Franklin?

Home values in East Franklin have increased 31.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Franklin?

Based on a typical all-in ownership cost of $2,023/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Franklin is $107k/year.

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What industries drive the economy in East Franklin?

The largest employment sectors in East Franklin are public administration (26%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.