Real Estate Market Update for Franklin, NJ
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 12% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 270-thousand dollars. The number of units sold increased 5% year-over-year, and decreased 3% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Franklin, NJ
Area Information for Franklin, NJ
  • Population: 17,152
  • Median Age: 39.43 yr
  • Median Commute Time: 26.45 mins
  • Educational Climate*: 3
  • Sales Tax: 6.909%
  • Population Density: 307/sq mi
  • Population Change Since 2000: 10.89%
  • Closest Airport: Philadelphia International
  • Closest College: Rowan University
  • Closest Jr. College: Cumberland County College
  • Median Household Income: $76,148
  • Annual Residential Turnover: 9.87%
  • Median Years in Residence: 3.21 yr
  • Median Home Sales Price: $165,000
  • Closest Major Sports Team: Philadelphia Flyers
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Franklin, NJ
Median Age: 39.43 Married: 36% Number of Households: 5,976 Households with Children: 2,378
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Franklin, NJ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Elizabeth Avenue Elementary School 18.6 mi Public PRESCHOOL-4 1 4
      New Road School Of Somerset 19.3 mi Private 7-12 0 5
      Elite Prepartory Academy 19.4 mi Private PRESCHOOL-2 0 0
      Somerset Bible Baptist Christian Academy 19.5 mi Private K-12 0 4
      Rutgers Preparatory School 20.0 mi Private PRESCHOOL-12 0 4
      Franklin Twp High School 20.2 mi Public 9-12 2 3
      Cedar Hill Prep School 20.2 mi Private PRESCHOOL-8 0 5
      Hardyston Elementary school 20.3 mi Public PRESCHOOL-5 3-5 4
      Community Baptist Christian Academy 21.0 mi Private PRESCHOOL-2 0 3
      Immaculate Conception Regional School 21.2 mi Catholic PRESCHOOL-7 0 5
      Somerset Presbyterian Nursery School 21.2 mi Private PRESCHOOL-K 0 0
      Franklin Elementary School 21.3 mi Public PRESCHOOL-8 2-5 4
      Conerly Road Elementary School 21.4 mi Public PRESCHOOL-4 2 5
      St Matthias Elementary School 21.6 mi Catholic PRESCHOOL-8 0 4
      Macafee Elementary School 22.0 mi Public PRESCHOOL-4 2-5 5
      Sampson G smith School 22.0 mi Public 5-6 2 4
      Pine Grove Manor Elementary School 22.1 mi Public PRESCHOOL-4 1 4
      The Academy Of Elcc 22.1 mi Private PRESCHOOL-K 0 0
      Hillcrest Elementary School 22.4 mi Public PRESCHOOL-4 1 0
      Franklin Middle School 22.5 mi Public 7-8 2 3
      Little Children Of God Preschool & Kindergarten 22.7 mi Private PRESCHOOL-K 0 0
      The Crestwood School 24.4 mi Private PRESCHOOL-1 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2014
      Local Weather for Franklin, NJ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.