2026 Affordability Data
Most Affordable Neighborhoods in Franklin borough - 2026 Data
The median home value in Franklin borough is $221,900, 21% below nat'l avg. Median rent is $1,129/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Franklin borough, NJ area.
Key Takeaways: Affordability in Franklin borough
- 1The most affordable neighborhood in Franklin borough is Union City, with a median home value of $448,000.
- 2Franklin borough's median home value is $221,900, 21% below nat'l avg (national: $281,900).
- 3Median rent in Franklin borough is $1,129/month, 3% below nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Franklin borough to find the most affordable areas based on home values, rent, and affordability index.
Franklin borough Affordability Overview
Median Home Value
$221,900
21% below nat'l avg
Median Rent
$1,129/mo
3% below nat'l avg
Median Income
$87,558
17% above nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Franklin borough (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Union CityNJ | $448,000 |
| 2 | GuttenbergNJ | $364,500 |
| 3 | PassaicNJ | $379,800 |
| 4 | East OrangeNJ | $282,900 |
| 5 | Haddonfield boroughNJ | $623,900 |
| 6 | West New YorkNJ | $407,000 |
| 7 | CliftonNJ | $428,000 |
| 8 | Florham Park boroughNJ | $705,200 |
| 9 | Hopatcong boroughNJ | $284,600 |
| 10 | Edgewater boroughNJ | $750,200 |
| 11 | Metuchen boroughNJ | $537,000 |
| 12 | Freehold boroughNJ | $361,700 |
| 13 | PlainfieldNJ | $351,500 |
| 14 | New Providence boroughNJ | $700,700 |
| 15 | Ringwood boroughNJ | $417,500 |
Detailed Neighborhood Profiles
Home Value: $448,000
Rent: $1,625/mo
Affordability: 110
Population: 67,258
Walk Score: 25/100
Home Value: $364,500
Rent: $1,625/mo
Affordability: 110
Population: 11,765
Walk Score: 25/100
Home Value: $379,800
Rent: $1,625/mo
Affordability: 110
Population: 70,048
Walk Score: 25/100
4
Home Value: $282,900
Rent: $1,625/mo
Affordability: 110
Population: 68,879
Walk Score: 25/100
5
Home Value: $623,900
Rent: $1,625/mo
Affordability: 110
Population: 12,456
Walk Score: 25/100
6
Home Value: $407,000
Rent: $1,625/mo
Affordability: 110
Population: 52,438
Walk Score: 25/100
7
Home Value: $428,000
Rent: $1,625/mo
Affordability: 110
Population: 89,451
Walk Score: 25/100
8
Home Value: $705,200
Rent: $1,625/mo
Affordability: 110
Population: 12,790
Walk Score: 25/100
9
Home Value: $284,600
Rent: $1,625/mo
Affordability: 110
Population: 14,411
Walk Score: 25/100
10
Home Value: $750,200
Rent: $1,625/mo
Affordability: 110
Population: 14,394
Walk Score: 25/100
11
Home Value: $537,000
Rent: $1,625/mo
Affordability: 110
Population: 14,958
Walk Score: 25/100
12
Home Value: $361,700
Rent: $1,625/mo
Affordability: 110
Population: 12,498
Walk Score: 25/100
13
Home Value: $351,500
Rent: $1,625/mo
Affordability: 110
Population: 54,358
Walk Score: 25/100
14
Home Value: $700,700
Rent: $1,625/mo
Affordability: 110
Population: 13,595
Walk Score: 25/100
15
Home Value: $417,500
Rent: $1,625/mo
Affordability: 110
Population: 11,692
Walk Score: 25/100
Frequently Asked Questions About Affordability in Franklin borough
What is the most affordable neighborhood in Franklin borough, NJ?▾
Based on 2026 data, Union City is the most affordable neighborhood in Franklin borough with a median home value of $448,000. Kurby analyzed 15 neighborhoods in the Franklin borough area to compile these rankings.
What is the median home price in Franklin borough, NJ?▾
The median home price in Franklin borough is $221,900, which is 21% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Franklin borough, NJ?▾
The median monthly rent in Franklin borough is $1,129. This is 3% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Franklin borough?▾
The median household income in Franklin borough is $87,558 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).