ZIP Code 07416

Franklin, NJ — income, home value, property tax, and sales tax.

Median household income
$93,983
Per-capita income
$46,539
Median home value
$369,400
Property tax rate
2.32%
Combined sales tax
6.63%

In ZIP code 07416, near Franklin, households earn a median of $93,983, or $46,539 per person. Homes are valued at a median of $289,000, and the county's 2.32% effective property tax rate applies to that figure. Sales taxes add 6.62% at the register. Together, these figures sketch a community where incomes run above the housing stock's price point, though the property tax rate and sales tax both take a meaningful cut. A household's actual costs will vary with its mortgage, spending habits, and assessment, but the broad pattern here pairs solid earnings with real tax obligations.

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