Franklin Park median real estate price is $783,916, which is more expensive than 76.0% of the neighborhoods in New Jersey and 84.0% of the neighborhoods in the U.S.
The average rental price in Franklin Park is currently $2,740, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.0% of New Jersey neighborhoods.
Franklin Park is a suburban neighborhood (based on population density) located in Kendall Park, New Jersey.
Franklin Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Franklin Park neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Franklin Park, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Franklin Park is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.0% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Franklin Park neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
Priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Franklin Park neighborhood may actually hold the key. 70.8% of its residents are married, which is a higher percentage than is found in 96.9% of the neighborhoods in America.
In addition, wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones', this neighborhood will interest you. In fact, according to NeighborhoodScout's research, the Franklin Park neighborhood is wealthier than 96.3% of the neighborhoods in the United States. Residents here are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Franklin Park neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Franklin Park neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.2% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 95.6% of all neighborhoods in America.
Did you know that the Franklin Park neighborhood has more Arab and Lithuanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.4% of this neighborhood's residents have Arab ancestry and 1.8% have Lithuanian ancestry.
Franklin Park is also pretty special linguistically. Significantly, 16.8% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Franklin Park neighborhood in Kendall Park are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 96.3% of the neighborhoods in America. With 16.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.0% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the Franklin Park neighborhood, 67.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 13.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.3%), and 5.7% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Franklin Park neighborhood is English, spoken by 54.9% of households. Other important languages spoken here include Langs. of India, Tagalog (the first language of the Philippine region), Spanish and Arabic.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Franklin Park neighborhood in Kendall Park, NJ, residents most commonly identify their ethnicity or ancestry as Asian (35.6%). There are also a number of people of Italian ancestry (15.1%), and residents who report German roots (11.9%), and some of the residents are also of Irish ancestry (10.2%), along with some Arab ancestry residents (5.4%), among others. In addition, 28.3% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Franklin Park neighborhood spend between 15 and 30 minutes commuting one-way to work (37.7% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (10.2%) who commute over an hour in each direction.
Here most residents (63.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.