Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin area can be challenging. Home prices in Franklin are now at a median cost of $216,628, lower than the New Jersey average of $388,929.
The average cost of rent is $1,199/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 43.18% of residents own their homes outright in Franklin, 30.68% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $6,967 per month. Households that rent pay about 17.21% of their income on rent here. Franklin's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Hamburg, NJ: higher priced homes
- Stockholm, NJ: higher priced homes
- Ogdensburg, NJ: higher priced homes
- South Ogdensburg, NJ: higher priced homes
- Sparta, NJ: higher priced homes
- Lafayette, NJ: higher priced homes
- Augusta, NJ: higher priced homes
- Upper Mohawk, NJ: higher priced homes
- Pellettown, NJ: higher priced homes
- Vernon, NJ: equally priced homes
Cities with Similar Populations
- Corinth, NY: less expensive homes
- Columbiaville, MI: less expensive homes
- Columbus, TX: less expensive homes
- Comanche, TX: less expensive homes
- Concordia, KS: less expensive homes
- Connell, WA: less expensive homes
- Telford, TN: less expensive homes
- Teague, TX: less expensive homes
- Corcoran, MN: higher priced homes
- Colona, IL: less expensive homes
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