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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 Type1.30%
One Bedroom10.50%
Two Bedrooms36.20%
Three Bedrooms38.10%
Four Bedrooms11.10%
Five Bedrooms or more2.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1951
Median Value of occupied units$123,000
Median Price asked for vacant units$120,000

Rented Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1957
Median Monthly Rent asked for vacant units$671

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.10%
Home Equity Loan6.20%
Simple Mortgage61.60%
Debt Free24.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs25.8%