Franklin, NJ Real Estate
According to census data in the year 2000 there were 2,002 housing units in Franklin.
This represents a 1.6% growth from 1,970 in 1990.
Of those housing units, 1,968 were located in either urbanized areas or urban clusters, and 34 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 72%.
Franklin's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Franklin were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 10.50% |
| Two Bedrooms | 36.20% |
| Three Bedrooms | 38.10% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $123,000 |
| Median Price asked for vacant units | $120,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $671 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 6.20% |
| Simple Mortgage | 61.60% |
| Debt Free | 24.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 25.8% |
