Franklin Park

Population: 13,327
Median household income: $111,508
Median home value: $326,800

Franklin Park is a community in Somerset County, New Jersey, home to 13,327 residents. Its median household income of $111,508 runs below the Somerset County figure of $135,960.

Between 2019 and 2023, Franklin Park's population declined 4.7% from 13,977 to 13,327, while its median home value rose 15.4% from $283,100 to $326,800.

The typical home was built around 1992. 8.2% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 13,327
Median age: 38.4 yrs
Median household income: $111,508
Median home value: $326,800
Median gross rent: $2,074
Housing units: 5,338
Homeownership rate: 56.6%
Bachelor's degree or higher: 58.3%
Unemployment rate: 4.6%

Trends

ACS 5-year · 2019–2023

Population

13,97713,327

Median household income

$92,904$111,508

Median home value

$283,100$326,800

Median gross rent

$1,744$2,074

Year	Population	Median household income	Median home value	Median gross rent
2019	13,977	$92,904	$283,100	$1,744
2020	12,738	$91,352	$276,300	$1,756
2021	13,686	$95,405	$279,000	$1,796
2022	13,425	$106,330	$309,500	$2,102
2023	13,327	$111,508	$326,800	$2,074

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.4%

5 to 1711.6%

18 to 248.1%

25 to 3415.5%

35 to 4416.1%

45 to 5413.4%

55 to 6415.5%

65 to 749.1%

75 and over3.4%

	Count	Share
Under 5	984	7.4%
5 to 17	1,547	11.6%
18 to 24	1,081	8.1%
25 to 34	2,061	15.5%
35 to 44	2,140	16.1%
45 to 54	1,786	13.4%
55 to 64	2,065	15.5%
65 to 74	1,215	9.1%
75 and over	448	3.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,611	19.6%
Black or African American	3,681	27.6%
American Indian & Alaska Native	18	0.1%
Asian	4,986	37.4%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	66	0.5%
Two or more races	487	3.7%
Hispanic or Latino (any race)	1,478	11.1%

Educational attainment (age 25+)

No high school diploma6.6%

High school graduate16.1%

Some college or associate's19.0%

Bachelor's degree31.8%

Graduate or professional degree26.5%

	Count	Share
No high school diploma	643	6.6%
High school graduate	1,565	16.1%
Some college or associate's	1,846	19.0%
Bachelor's degree	3,089	31.8%
Graduate or professional degree	2,572	26.5%

Commute to work

Mean travel time to work: 33 min

Drove alone64.1%

Carpooled8.4%

Public transit6.8%

Walked0.3%

Bicycle0.0%

Worked from home15.8%

Other means4.6%

How workers get to work

	Count	Share
Drove alone	4,715	64.1%
Carpooled	620	8.4%
Public transit	502	6.8%
Walked	21	0.3%
Bicycle	0	0.0%
Worked from home	1,162	15.8%
Other means	336	4.6%

Travel time

	Count	Share
Under 15 min	846	13.7%
15 to 29 min	2,573	41.5%
30 to 44 min	1,551	25.0%
45 to 59 min	345	5.6%
60+ min	879	14.2%

Households

Average household size: 2.48
Poverty rate: 8.2% (1,082 of 13,225)

	Count	Share
Family households	3,819	71.5%
Nonfamily households	1,519	28.5%

Housing

Median year structure built: 1992

Occupancy

	Count	Share
Occupied	5,338	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	3,020	56.6%
Renter-occupied	2,318	43.4%

1-unit, detached9.8%

1-unit, attached32.8%

2 to 4 units20.8%

5 to 19 units28.0%

20 or more units8.7%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	521	9.8%
1-unit, attached	1,749	32.8%
2 to 4 units	1,112	20.8%
5 to 19 units	1,492	28.0%
20 or more units	464	8.7%
Mobile home & other	0	0.0%

Geography

Place GEOID: 3425020
Type (LSAD): 57
Land area: 2.6 sq mi
Water area: 0 sq mi
Center point: 40.4446, -74.5420