Franklinville, NJ
Population 1,999 · New Jersey
About Franklinville, NJ
Franklinville is a small town located in New Jersey with a population of 1,999 residents according to the latest US Census Bureau American Community Survey data. The median household income is $117,847 per year, which is 57% above the national median of $75,149. The median age of 37.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Franklinville features a median home value of $259,100, which is 6% above the national median of $244,900. This positions Franklinville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,321, 14% above the national average of $1,163/month. Of the 869 total housing units, 82% are owner-occupied (591 units) and 18% are renter-occupied (128 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklinville shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklinville have an average one-way commute time of 25.7 minutes.
Education & Demographics
21.5% of Franklinville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.1% Hispanic or Latino, 3.6% Black or African American, and 4.8% Asian residents, with 5.1% of the population being foreign-born.
Cost of Living in Franklinville, NJ
Compared to national averages, Franklinville has a median household income of $117,847 (57% above the national median of $75,149). Home values average $259,100, which is 6% above the national median. Monthly rent at $1,321 is 14% above the US average of $1,163. Within New Jersey, Franklinville's income is 2% above the state average of $115,667, and home values are 45% below the state median of $469,644.
Why Live in Franklinville, NJ?
Franklinville offers a strong local economy with a median household income of $117,847, well above the national average, and a low poverty rate of 3.4%, better than the national average.
Franklinville has a population of 1,999 with a median age of 37.9 years. Compare Franklinville with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Franklinville
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sussex | 2,004 | $72,601 | $258,400 | Compare |
| Seaside Heights | 1,992 | $58,988 | $376,700 | Compare |
| Marmora | 2,011 | $94,621 | $370,400 | Compare |
| Middlebush | 2,017 | $178,125 | $475,500 | Compare |
| Byram Center | 2,018 | $122,639 | $349,300 | Compare |
| Sea Girt | 1,978 | $206,000 | $2,000,001 | Compare |
| Laurel Springs | 2,025 | $120,795 | $254,600 | Compare |
| Belford | 2,039 | $121,406 | $491,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklinville With Other Cities
Frequently Asked Questions about Franklinville
What is the population of Franklinville, NJ?
The population of Franklinville, NJ is 1,999 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Franklinville?
The median household income in Franklinville, NJ is $117,847 per year, which is 57% above the national median of $75,149.
What is the median home value in Franklinville?
The median home value in Franklinville, NJ is $259,100, which is 6% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklinville?
The median monthly rent in Franklinville, NJ is $1,321, which is 14% above the national average of $1,163/month.
What is the unemployment rate in Franklinville?
The unemployment rate in Franklinville, NJ is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklinville, NJ a good place to live?
Franklinville offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,999 and a median age of 37.9, the city appeals to a broad range of residents.
How educated is Franklinville, NJ?
21.5% of residents in Franklinville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Franklinville?
Key cost-of-living indicators for Franklinville, NJ: median home value is $259,100 (6% above national), median rent is $1,321/month, and median household income is $117,847. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklinville?
The poverty rate in Franklinville, NJ is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklinville, NJ?
Franklinville's population is 0.0% White, 0.1% Hispanic or Latino, 3.6% Black or African American, 4.8% Asian, and 0.3% two or more races. 5.1% of residents are foreign-born.