Median home value in zip code 07416 (Franklin, NJ) is $365,639, up 0.0% year over year. Part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area.

Home Value$365,639

YoY Change

+0.0%

Prices rising — worse for buyers.

Affordability

Enter your income for 07416 (Franklin).

Income (annual)

Down Payment

$73,128 on $365,639

Example: $75,000 household income. Change it above to see your own.

Stretch35.7% of income

Above 28% but manageable with cuts.

PITI$2,234

P/I35.7%

Afford$286K

Gap-$79K

P&I $1,849Tax $268Ins $117

6.50% 30yr, 20% down, county tax + NJ ins. 28% per HUD.

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Metro Analysis

07416 is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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