Housing in Franklin, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$275,000
Median List Price
$287,000
Price Per Sq Ft
$242
Days on Market
50
Active Inventory
7
Months of Supply
2.3
Seller's market
Zillow Home Value
$376,904
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
104.2%
Seller's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
4
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$242
Median List $/SF
$229
Franklin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Franklin is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$253,100
Median Rent
$1,340
Total Housing Units
2,359
Vacancy Rate
4.5%
Owner Occupied
57.0%
Renter Occupied
43.0%
Median Property Tax
$7,534
per year
Monthly Cost (w/ Mortgage)
$1,687
Housing Types
The current median sale price in Franklin, NJ is $275,000 according to Redfin data. Homes spend a median of 50 days on the market. 33.3% of homes sold above asking price. The market has 2.3 months of supply. The median price per square foot is $242. The median rent is $1,340 per month (Census ACS). About 57.0% of housing units are owner-occupied. The median year homes were built is 1958. There are 2,359 total housing units.