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Franklin Park

Franklin Park

Located in Somerset County

$312 Average Price per Sq Ft
0 Homes For Sale

A New York City commuter community near Princeton

On the southern edge of New Jersey’s Franklin Township, Franklin Park is often considered a New York City bedroom community. But with miles of forested trail networks, such as Six Mile Run, and Princeton about 11 miles south, there’s plenty of activity closer to home. And it’s this convenient and exciting location that has attracted Franklin Park’s 13,000 residents. “Nothing is out of the way here. Whether it is parks, schools, shopping or public transportation, everything you need is accessible,” says Rebecca Matyash, a Realtor with Keller Williams Greater Brunswick who sold several homes in the area. “You can come home from working in New York and not be bored, which isn’t always the norm with suburbs.” New York City commuters have easy access to U.S. Route 1, the Princeton Junction train station and bus stops.

Homes sell quickly in Franklin Park

Franklin Park has New Traditional detached homes, Colonial-revival townhouses and midrise condo complexes all built between the 1980s and early 2000s. The median price of a townhouse is around $450,000, while the median price of a single-family house is about $735,000. Both prices are higher than the national medians. Condos can cost between $200,000 and $450,000. On average, homes sell after 26 days on the market, which is faster than the national average.

According to 2023 data from the Somerset County Sheriff's Office, the county has lower property and violent crime rates than state and national figures.

Franklin Park neighborhood offers an abundance of homes on spacious lots.
Franklin Park neighborhood offers an abundance of homes on spacious lots.
Newly constructed townhouse developments are beginning to emerge in Franklin Park.
Newly constructed townhouse developments are beginning to emerge in Franklin Park.
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Princeton University is nearby

The community is zoned for the Franklin Township Public School District, which earns a B from Niche and educates about 7,300 students with a 13-to-1 student-to-teacher ratio.

Offering more than 30 majors, the Ivy League Princeton University is nearby, and Matyash says some students live in Franklin Park. “Parents will buy off-campus houses for their kids and then keep renting the property out after they graduate. But [Franklin Park] isn’t walkable to Princeton, so it’s not super common.” The College of New Jersey is 20 miles south, and Rutgers University is 35 miles north.

From Princeton Junction to Penn Station

Route 1 eventually connects to Interstate 95, making New York City about a 42-mile drive north. But people rarely make that drive, Matyash says. “A lot of people commute to New York City, but the drive is too traffic-heavy to do every day, so the train is much easier to use,” she says. From the Princeton Junction train station, passengers travel Amtrak’s Northeast Corridor and reach Penn Station in about an hour. Suburban Transit Line buses in the area also offer direct rides to New York City. Philadelphia is about a 55-mile drive south.

Robert Wood Johnson University Hospital is 6 miles north, and Newark Liberty International Airport is 29 miles in the same direction. The Princeton Medical Center is also nearby.

Nearby hiking trails lead to Colonial Park

Franklin Park experiences all four seasons, with hot summers and snowy winters. Six Mile Run is a hiking, biking and horseback riding trail stretching across forestland and along its namesake stream. It connects to the Delaware & Raritan Canal State Park, a 70-mile trail network spanning Central New Jersey. “Hiking and biking are huge here because of that trail network,” Matyash says. “Some of the best parks in the region are attached to [the trail], so it’s usually packed with people.” Colonial Park, 7 miles north, is also part of the network. The 685-acre green space has a botanical garden, a spray park and a mini-golf course. “During the summer, people will have picnics by the park’s pond, and then they can rent a paddleboat. It’s the biggest and most popular park in Somerset [County],” Matyash adds. The 18-hole, public Bunker Hill Golf Course is less than 4 miles away.

There are a few indoor recreation centers, like Franklin Park Library, where story times and STEM workshops for kids are held regularly. The Pro Skate facility offers hockey and figure skating lessons. Multiple religions are represented in the area, with houses of worship ranging from synagogues to mandirs.

People also like to go birdwatching and horseback riding at Six Mile Run State Park.
People also like to go birdwatching and horseback riding at Six Mile Run State Park.
The Delaware and Raritan Canal State Park in Pleasant Plains is home to a historical mill.
The Delaware and Raritan Canal State Park in Pleasant Plains is home to a historical mill.
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Diverse restaurants on New Jersey Route 27

“The restaurants in this area are incredibly diverse, and there are so many big-box grocery stores nearby that I can’t even name them all,” Matyash says. Indian restaurants, Chinese take-out spots and Asian grocery stores line New Jersey Route 27. North Brunswick’s Main Street, about 3 miles south, has several chain grocery stores, fast food restaurants and a movie theater. Art galleries, coffee shops and boutiques fill Federal-style buildings in downtown Princeton.

Mia's Vietnamese Cuisine has authentic vietnamese fare in Pleasant Plains, NJ
Mia's Vietnamese Cuisine has authentic vietnamese fare in Pleasant Plains, NJ
Stop & Shop has a fantastic meat area fresh from the butcher in Pleasant Plains, NJ
Stop & Shop has a fantastic meat area fresh from the butcher in Pleasant Plains, NJ
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Meghan Baker
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Meghan Baker
Rebecca Askin
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Rebecca Askin

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Franklin Park Housing Trends

Housing Trends

Median List Price
$355,000
Median Sale Price
$355,000
Median 2 Bedroom Sale Price
$355,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
5
Median Home Sale Price YoY Change
0%
Average Price Per Sq Ft
$312

Neighborhood Facts

Number of Homes in Neighborhood
1,642
Number of Homes for Sale
0
Median Year Built
1990
Months of Supply
0.00
Average Single Family Home Size Sq Ft
3,012
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
1,846
Average 2 Bedroom Size Sq Ft
1,145

Open Houses

  • Saturday, Aug 2
    Open Sat 12PM - 4PM

    83 Pear Tree Ln, Franklin Park, NJ 08823

    $470,000

    • 3 Beds
    • 2.5 Baths
    • 1,584 Sq Ft
    • 83 Pear Tree Ln
    • New 2 days ago

    Welcome to this beautifully maintained 3-bedroom, 2.5-bath townhome in the desirable Society Hill at Somerset in Franklin Park. Thoughtfully updated, this home blends modern style with comfort in a serene, tree-lined setting. The foyer and kitchen feature elegant stone flooring, while rich cherry wood floors flow through the living and bedroom areas. The updated kitchen boasts granite

    Bina Patel HALO REALTY PROPERTIES LLC

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  • 15 Hudson Ct, Franklin Park, NJ 08823

    $535,000

    • 3 Beds
    • 2.5 Baths
    • 15 Hudson Ct
    • New 8 days ago

    ***MULTIPLE OFFERS RECEIVED*** Highest and best due by 7/30 at 10 AM!! Welcome to the Northeast facing Wynnefield end unit townhouse in the desirable Franklin Park neighborhood! Enter into the townhouse into a beautiful foyer that overlooks a generous living room with a cozy fireplace on the left and a huge dining room on the right. This leads to the family room and the large eat-in kitchen that

    KOMAIL ALI TESLA REALTY GROUP LLC

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Franklin Park Has More Owners

Demographics

Total Population
13,549
Median Age
41
Population under 18
22.6%
On par with the national average
23.8%
Population over 65
15.4%
On par with the national average
19.1%

Finances

Median Household Income
$94,006
Above the national average
$71,702
Average Household Income
$122,703

Education and Workforce

High School Graduates
94.7%
College Graduates
56.2%
Above the national average
34.1%
Advanced Degrees
27.5%
Above the national average
13.3%
% Population in Labor Force
73.2%

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

34 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Franklin Park