Real Estate Investing in Franklin, New Jersey (07416)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07416 (Franklin, NJ)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.5% vacancy may signal weakening demand.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
What’s happening in Franklin, NJ (07416)?
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Market Analysis: 07416 Franklin
Investors eyeing 07416 need to respect the fundamentals at play. Home values of $381K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 07416 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader NJ picture, 07416 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 07416 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 07416 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 07416
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $307,773 | $1,930 | 4.5% | +11.6% | $153,887 |
| 3BR | $389,920 | $2,430 | 4.5% | +11.2% | $129,973 |
| 4BR | $505,603 | $2,760 | 3.9% | +10.7% | $126,401 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07416 Compare?
| Metric | 07416 | Franklin | New Jersey |
|---|---|---|---|
| Home Value | $380,608 | $380,608 | $559,826 |
| 5-Year CAGR | 6.6% | 6.6% | 8.4% |
| Avg Rent | $2,600 | $2,600 | - |
| Cap Rate | 5.3% | 5.3% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07416 (Franklin, NJ). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $380,608 |
| Monthly Rent | $2,600 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 12.0% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07416
Population: 5,746
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07416
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Ogdensburg Borough School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,010 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is it like being a landlord in Franklin, NJ?
Rental owners in Franklin, NJ deal with a tenant-protective legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical renter like in Franklin, NJ?
The tenant pool in Franklin, NJ is solid, supported by local employment and population fundamentals. Rents of $2,600/mo are well-absorbed by the market.
What is the best play in Franklin, NJ?
Investors usually favor careful cash-flow rentals with hands-on management in Franklin, NJ. With home values at $381K and rents near $2,600/mo, other strategies can work but produce predictable rather than outsized returns.
What does house hacking look like in Franklin, NJ?
Franklin, NJ is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $381K price point reasonable to enter.
Should investors consider Franklin, NJ?
Investors tracking Franklin, NJ will find a 3.0/5 rating supported by $381K median home values and $2,600/mo rents. That profile suits long-term holders targeting predictable returns.
You know 07416 now. You don’t know where it ranks.
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How 07416 ranks in New York-Newark-Jersey City, NY-NJ-PA
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