Why Franklin Township, NJ?
Franklin Township is Somerset County's most diverse and largest municipality. Six Mile Run Reservoir provides recreation. A strong South Asian community drives cultural diversity. At $480K, it offers affordable Somerset County living with good schools.
Franklin Township Real Estate Market in 2026
Franklin homes sell in 18 days at a $480K median. Wide range from $325K condos to $800K colonials.
Best Neighborhoods in Franklin Township
3 distinct neighborhoods, each with its own character and price range
Somerset / Route 27
$450,000 to $625,000Near the commercial corridor with diverse dining.
Middlebush
$475,000 to $700,000Historic section with rural character.
Franklin Park
$500,000 to $750,000Near Princeton border. Newer developments.
Commuting from Franklin Township to NYC
Source: NJ Transit schedules, June 2026. Peak hour commute times.
Walkability and Livability in Franklin Township
How easy is it to live car-free or car-light in Franklin Township?
Franklin Township vs Neighboring Towns: Cost Comparison
| City | Median Price | Tax Rate | Annual Tax | NYC Commute |
|---|---|---|---|---|
| Franklin | $480,000 | 2.45% | $10,234 | 55 min |
| Hillsborough | $560,000 | 2.34% | $11,234 | 60 min |
| New Brunswick | $420,000 | 2.89% | $7,234 | 45 min |
Where to Eat in Franklin Township
Route 27 / Easton Avenue
Diverse dining reflecting the South Asian, Hispanic, and international community. Indian, Chinese, and Latin American options.
Parks and Recreation in Franklin Township
Six Mile Run Reservoir
3,000+ acre state site with trails, fishing, and horseback riding.
Colonial Park
Somerset County park with gardens, walking paths, and recreation.
New Development and Growth in Franklin Township
Residential Growth
New housing developments expanding the township.
History of Franklin Township, NJ
Established in 1798. Named after Benjamin Franklin.
Franklin's diversity reflects waves of immigration that transformed Central NJ since the 1990s.
Safety in Franklin Township
Franklin is a generally safe community.
Notable Residents
Annual Events and Festivals
Frequently Asked Questions About Franklin Township, NJ
What is the median home price in Franklin Township, NJ?
The median home price is $480,000 as of 2026, with 6.8% year-over-year appreciation. Average $265/sqft, selling in 18 days.
How long is the commute from Franklin Township to NYC?
55 minutes via NJ Transit from on the Drive to Bound Brook/New Brunswick. Transfer required.
What are property taxes in Franklin Township, NJ?
Tax rate is 2.45%. Average homeowner pays $10,234/year. At the median price of $480,000, expect about $11,760/year.
What are the best neighborhoods in Franklin Township?
Somerset / Route 27 ($450,000 to $625,000). Middlebush ($475,000 to $700,000). Franklin Park ($500,000 to $750,000). See the full guide above for all 3 neighborhoods.
Is Franklin Township safe?
Franklin is a generally safe community.
How walkable is Franklin Township, NJ?
Walk Score of 18, rated "Car-Dependent." Median income $88,000, median age 39.4. 25% renter-occupied.
Ready to Find Your Home in Franklin Township?
Talk to a Premier Homes agent who knows Franklin Township inside and out. We have been serving this community for over 30 years.