Why Live in Franklin Park
Franklin Park, located on the southern edge of New Jersey’s Franklin Township, is a popular commuter community for New York City workers. The neighborhood offers convenient access to U.S. Route 1, Princeton Junction train station, and local bus stops, making the commute to Penn Station about an hour by train. Franklin Park features a mix of New Traditional detached homes, Colonial-revival townhouses, and midrise condo complexes built between the 1980s and early 2000s. The area is known for its lower property and violent crime rates compared to state and national averages. The Franklin Township Public School District serves the community and is rated highly, contributing to the appeal for families. Residents enjoy a variety of things to do, including hiking, biking, and horseback riding on the Six Mile Run trail, which connects to the Delaware & Raritan Canal State Park and Colonial Park. Colonial Park offers a botanical garden, spray park, mini-golf course, and paddleboat rentals. Franklin Park also has indoor recreation centers like the Franklin Park Library and Pro Skate facility. Diverse dining options are available along New Jersey Route 27, with Indian, Chinese, and Asian grocery stores, while nearby North Brunswick’s Main Street offers chain grocery stores, fast food restaurants, and a movie theater. Princeton University is just 11 miles south, and other higher education institutions like The College of New Jersey and Rutgers University are within driving distance.
Frequently Asked Questions
What is the average home price in Franklin Park, NJ?
Homes for sale in Franklin Park, NJ have an average home price of $454,049.
How many homes have sold over the last 12 months in Franklin Park, NJ?
144 homes have sold in Franklin Park, NJ over the last 12 months.
What are the most popular zip codes in Franklin Park, NJ?
How much do you need to make to afford a house in Franklin Park?
The median home price in Franklin Park is $385,000. If you put a 20% down payment of $77,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $2,000 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $86K a year to afford the median home price in Franklin Park.
How are the schools in Franklin Park, NJ?
Home Trends in Franklin Park, NJ
On average, homes in Franklin Park, NJ sell after 30 days on the market compared to the national average of 50 days. The median sale price for homes in Franklin Park, NJ over the last 12 months is $385,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$385,000
Median Single Family Sale Price
$735,000
Median Townhouse Sale Price
$455,000
Median 2 Bedroom Sale Price
$359,000
Median 1 Bedroom Sale Price
$207,500
Average Price Per Sq Ft
$312
Number of Homes for Sale
19
Last 12 months Home Sales
144
Median List Price
$385,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%