07416 ZIP Code – Franklin, New Jersey
ZIP code 07416 is a mid-sized ZIP code located in Franklin, New Jersey, within Sussex County with a population of approximately 5,736 residents. The median household income of $88,557 is below the New Jersey average and above the national average. The median home value of $236,400 is near the national average, with 62.4% owner-occupied housing (decreasing). ; median rent of $1,136 is similarly near the national average. Housing consists of 62% single-family (decreasing), 21% apartments (decreasing), 12% duplex/multi-family.
Unemployment stands at 6.8%, which is above the U.S. rate. About 7.3% of residents live below the poverty line, well below the national rate. An estimated 21.8% of adults hold a bachelor's degree or higher, below the national average. Residents have a median age of 50.6, above the U.S. median. The surrounding area includes ZIP codes 07439, 07419, 07871.
ZIP Code 07416 Data
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ZIP 07416 vs. New Jersey vs. U.S.
| Metric | ZIP 07416 | NJ Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 5,736 | 15k | 10k |
| Median Household Income | $88k | $113k | $73k |
| Median Home Value | $236k | $459k | $258k |
| Median Rent | $1,136 | $1,724 | $1,088 |
| Median Age | 50.6 | 43.1 | 43.2 |
| Unemployment Rate | 6.8% | 5.8% | 5.0% |
| Poverty Rate | 7.3% | 8.1% | 13.3% |
| Bachelor's Degree or Higher | 21.8% | 44.1% | 26.9% |
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Nearby ZIP Codes
- 07439 – Ogdensburg
- 07419 – Hamburg
- 07871 – Sparta
- 07848 – Lafayette
- 07460 – Stockholm
- 07822 – Augusta
- 07438 – Oak Ridge
- 07462 – Vernon
- 07435 – Newfoundland
- 07422 – Highland Lakes
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 07439 | OGDENSBURG | 2,215 | $107,569 |
| 07419 | HAMBURG | 9,927 | $112,555 |
| 07871 | SPARTA | 21,020 | $159,924 |
| 07848 | LAFAYETTE | 4,425 | $107,500 |
| 07460 | STOCKHOLM | 3,131 | $105,787 |