| ZIP Code | 07416 |
|---|---|
| City | Franklin |
| State | New Jersey (NJ) |
| County | Sussex County |
| Area Code | 862/973 |
| Elevation | 614 ft |
| Latitude | 41.108997 |
|---|---|
| Longitude | -74.588641 |
| Timezone | New York (DST) |
| FIPS | 34037 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.6 yrs ↑ 14% since 2019 |
|---|---|
| Avg Household Size | 2.18 |
| Below Poverty | 7.3% ▼ 27% below avg |
| College Grads | 28.3% ▼ 27% below avg |
| Unemployment | 6.8% ▲ 39% above avg |
| No HS Diploma | 25 (0.6%) |
| HS Graduate | 1,798 (43.2%) |
| Some College | 628 (15.1%) |
| Associates | 530 (12.7%) |
| Bachelors | 256 (6.2%) |
| Graduate Degree | 922 (22.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $90,869 ▲ 19% above avg ↑ 33% since 2019 |
|---|---|
| Median Home Value | $263,600 ≈ Avg ↑ 36% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,346/mo ↑ 23% since 2019 |
| Total Units | 2,837 |
| Vacant Units | 222 |
| Avg HH Size | 2.18 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,837 |
|---|---|
| Vacant | 222 |
| Owner Occupied | 62.3% |
| Renter Occupied | 37.7% |
| Avg HH Size | 2.18 |
ZIP code 07416 is located in Franklin, New Jersey, within Sussex County. With a population of 5,746, this is a lightly populated ZIP code with a mature community — the median age is 50.6 years. Economically, 07416 is a middle-income ZIP code: the median household income of $90,869 is above the national average.
Real estate in ZIP code 07416 represents a mid-range housing market. The median home value of $263,600 is near the national average. Renters can expect to pay around $1,346 per month in median rent. Homeownership is strong here — 62.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 36% since 2019.
The population of 07416 is primarily White (77.81%). Residents are moderately educated — 28.3% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 7.3%. Household income has grown by 33% since 2019.
The unemployment rate in 07416 stands at 6.8%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 07416 in Franklin, NJ is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 5,746 residents, a median household income of $90,869, and a median home value of $263,600, it offers a clear picture of life in this part of New Jersey.