07416, Franklin, NJ Housing Market

ZIP code 07416's median home value is $377K, up 3.1% over the past year. Homes here sell in a median 20 days. Its PropertyIQ Score of 58 sits right around the state average of 50.

PropertyIQ provides ZIP-code-level market intelligence for 07416, Franklin, NJ — going deeper than metro or county averages to reveal neighborhood-specific demand dynamics. By tracking Zillow home-value momentum alongside Realtor.com market-flow signals — median days on market and the share of listings with price cuts — specifically within ZIP code 07416, PropertyIQ predicts which micro-markets within NJ are positioned to outperform.

Mid-Atlantic ZIP codes range from dense urban blocks to suburban cul-de-sacs, each with distinct demand dynamics. PropertyIQ's ZIP-level scores help investors and agents identify which specific neighborhoods within metro areas offer the strongest demand-to-supply ratios and near-term appreciation potential. Within the Mid-Atlantic, ZIP code 07416's PropertyIQ Score of 58 tracks near the Mid-Atlantic norm.

The PropertyIQ Score for 07416, Franklin, NJ is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

View 07416, Franklin, NJ's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.