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Franklin Center

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

Median Home$591,863
Median Rent$2,786/month
Population6,671
Leading IndustriesTransportation · Arts, Food & Hospitality · Healthcare8% transportation
Home Value Growth⬆⬆⬆+24.7% over 2 years
Retirees50% of residentstop 1% nationally
Homeowners83% of occupied units
NotableHigh Incomes$137k/year · top 5% nationally
NotableHighly Educated30% bachelor's · 24% graduate · top 9% nationally
Franklin Center
NJ

Explore Franklin Center

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Franklin Center?

As of today, the 30-year fixed mortgage rate for Franklin Center is approximately 6.832% (6.866% 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 Franklin Center?

The median home value in Franklin Center is $592k. The median monthly rent is $2,786. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin Center?

Home values in Franklin Center have increased 24.7% 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 Franklin Center?

Based on a typical all-in ownership cost of $2,067/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $89k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin Center is $137k/year.

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What industries drive the economy in Franklin Center?

The largest employment sectors in Franklin Center are healthcare (23%) and arts, food, and hospitality (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.