Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin Park area can be challenging. Home prices in Franklin Park are now at a median cost of $295,182, lower than the New Jersey average of $388,929.
The average cost of rent is $1,916/mo in Franklin Park, primarily driven by the current value of real estate in the Franklin Park area. While nearly 34.57% of residents own their homes outright in Franklin Park, 35.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Park is $7,966 per month. Households that rent pay about 24.05% of their income on rent here. Franklin Park's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Kendall Park, NJ: higher priced homes
- Pleasant Plains, NJ: higher priced homes
- Griggstown, NJ: higher priced homes
- Millstone, NJ: higher priced homes
- Monmouth Junction, NJ: higher priced homes
- Heathcote, NJ: higher priced homes
- North Brunswick, NJ: higher priced homes
- East Rocky Hill, NJ: higher priced homes
- Somerset, NJ: higher priced homes
- Dayton, NJ: higher priced homes
Cities with Similar Populations
- Winnsboro, SC: less expensive homes
- Lake Bluff, IL: higher priced homes
- Lake City, SC: less expensive homes
- Lake Hiawatha, NJ: higher priced homes
- Lancaster, KY: less expensive homes
- Libby, MT: less expensive homes
- Lincoln University, PA: higher priced homes
- Lincoln Village, OH: less expensive homes
- Littleton, MA: higher priced homes
- Lizella, GA: less expensive homes
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