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These days, finding an affordable place to live in the East Franklin area can be challenging. Home prices in East Franklin are now at a median cost of $386,090, lower than the New Jersey average of $496,577.
The average cost of rent is $2,038/mo in East Franklin, primarily driven by the current value of real estate in the East Franklin area. In East Franklin, 53.73% of households rent, and 24.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in East Franklin is $10,143 per month. Households that rent pay about 20.09% of their income on rent here. East Franklin’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Brunswick, NJ: equally priced homes
- Somerset, NJ: higher priced homes
- Highland Park, NJ: higher priced homes
- North Brunswick, NJ: higher priced homes
- Milltown, NJ: higher priced homes
- Piscataway, NJ: higher priced homes
- Franklin Center, NJ: higher priced homes
- South Bound Brook, NJ: equally priced homes
- East Brunswick, NJ: higher priced homes
- Franklin Park, NJ: equally priced homes
Cities with Similar Populations
- Old Saybrook, CT: higher priced homes
- Knoxville, IA: less expensive homes
- Kodak, TN: less expensive homes
- Kutztown, PA: less expensive homes
- Lackland AFB, TX: less expensive homes
- Lacombe, LA: less expensive homes
- Lafayette Hill, PA: higher priced homes
- Lake Arbor, MD: equally priced homes
- Lake Bluff, IL: higher priced homes
- Keokuk, IA: less expensive homes
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