HomeNew JerseySomerset CountyFranklin Park
Franklin Park, New Jersey: commercial real estate data.
Franklin Park is a Census CDP of 13,211 people across 2.60 square miles of land, in Somerset County. Median household income is $114,946, 55.7 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $3.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Franklin Park
What Franklin Park is
- Census place typeCDP
- Land area2.6 sq mi
- Water area0 sq mi
- Population per square mile of land5,072
- County holding the largest share of its areaSomerset County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Park
How many people live in Franklin Park
- Population13,211
- Median age37.1
- Population under 182,632
- Share under 1819.9 percent
- Population 65 and over1,677
- Share 65 and over12.7 percent
- Households5,249
- Family households3,910
- Share of households that are families74.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Park
Income and work in Franklin Park
- Median household income$114,946
- Per capita income$56,415
- Civilian labor force8,036
- Employed7,584
- Unemployed452 plus or minus 211
- Unemployment rate5.6 percent plus or minus 2.6
- Adults 25 and over9,479
- Adults 25 and over with a high school diploma or higher94.5 percent
- Adults 25 and over with a bachelor degree or higher54.4 percent
- Adults 25 and over with a graduate degree23.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Park
Housing in Franklin Park
- Housing units5,249
- Occupied units5,249
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied2,924
- Renter occupied2,325
- Ownership rate55.7 percent
- Median owner-occupied home value$336,600
- Median gross rent, monthly$2,157
- Annual rent as a share of median income22.5 percent
- Single family units2,319
- Share single family44.2 percent
- Units in buildings of two or more2,930
- Share in buildings of two or more55.8 percent
- Mobile homes0
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Park
How Franklin Park gets to work
- Workers 16 and over who commute5,663
- Commuting under 15 minutes777 plus or minus 282
- Share commuting under 15 minutes13.7 percent plus or minus 4.7
- Commuting 30 minutes or more2,480 plus or minus 540
- Share commuting 30 minutes or more43.8 percent
- Drove alone64.3 percent
- Carpooled6.6 percent plus or minus 3.1
- Public transport5.1 percent plus or minus 3.1
- Walked0.2 percent plus or minus 0.4
- Worked from home21.2 percent plus or minus 4.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Park
SBA loans in Franklin Park (7(a))
- Approvals9
- Gross approval$3,684,700
- Average approval$409,411
- Median approval$250,000
- Largest approval$1,508,800
- Jobs supported91
- Jobs per approval10.1
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.1 percent
- Share to franchises11.1 percent
- Distinct lenders8
- Distinct industries by NAICS7
Counted by borrower city: approvals to borrowers whose address is in Franklin Park, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin Park
SBA loans in Franklin Park (504)
- Approvals1
- Gross approval$538,000
- Average approval$538,000
- Median approval$538,000
- Largest approval$538,000
- Jobs supported12
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Franklin Park, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Somerset County, not Franklin Park
Somerset County context, not Franklin Park figures
- Establishments in Somerset County9,831
- Covered employment, Somerset County190,468
- Average annual pay, Somerset County$106,418
- Housing units permitted, Somerset County635
Every figure in this section is published for Somerset County as a whole and is not a measurement of Franklin Park.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Franklin Park questions, answered from the record.
How many people live in Franklin Park, New Jersey?
13,211, in 5,249 households. Franklin Park CDP covers 2.60 square miles of land, which is 5,072 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin Park in?
Somerset County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin Park?
$114,946. The median owner-occupied home is valued at $336,600. Median gross rent is $2,157 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Franklin Park businesses?
9 7(a) approvals totaling $3.7 m since FY2020, across 8 lenders, median approval $250,000, plus 1 504 approvals worth $538,000 since FY2010. These count approvals to borrowers whose address is in Franklin Park, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Franklin Park borrowers get paid back?
No rate is published for Franklin Park. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Franklin Park figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Somerset County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin Park.
Is zoning published for Franklin Park?
No. Nothing on this page presents parcel level zoning.