ZIP Code 07851

With a median household income of $108,419, ZIP code 07851 sits comfortably above middle-income territory, anchored by Franklin. Per-capita income reaches $42,893, and homes carry a median value of $335,300. That housing stock comes with a county-level effective property tax rate of 2.32%, a meaningful annual cost on a property at that price. Sales taxes combine to 6.62% on purchases within the area. Together these figures describe an affluent but not wealthy corner of New Jersey, where solid earnings meet a property tax load that claims a real share of household budgets each year.