ZIP Code 07416
standardSource:
Franklin · Sussex County · New Jersey
- Population
- 5,781
- Median income
- $93,983
- Median home value
- $289,000
- Bachelor's or higher
- 21.2%
- Land area
- 24.5 sq mi
236/sq mi
▲ 23% vs US
higher than 77% of US ZIPs
▲ 4% vs US
higher than 65% of US ZIPs
Median age 47.7
New York
ZIP code 07416 in Franklin, New Jersey has a population of 5,781. The median household income is $93,983, which is 23% above the national average. Median home value is $289,000, 4% above the US average. 21.2% of residents hold a bachelor's degree or higher.
ZIP code 07416 is classified by USPS as a standard delivery area and covers roughly 24.5 square miles in Franklin, Sussex County, New Jersey. The area is home to 5,781 residents, producing a population density of 236 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 07416 against New Jersey and the nation.
On the economic side, the median household income for ZIP 07416 sits at $93,983 (23% below the New Jersey average), while per-capita income is $46,539. The poverty rate stands at 6.8% and the unemployment rate at 6.9%. On housing, the median home value is $289,000 (44% below the state average) with median rent at $1,381 per month, and 62.4% of occupied units are owner-occupied, a direct signal of whether 07416 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 21.2% of adults hold a bachelor's degree or higher, the median age is 47.7, and the average commute is 38 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Sussex County, so you can benchmark 07416 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 07416
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 07416.
- Retail trade
Retail trade
28 establishments
- Construction
Construction
19 establishments
- Accommodation and food services
Accommodation and food services
18 establishments
- Other services (except public administration)
Other services (except public administration)
18 establishments
- Manufacturing 10
Manufacturing
10 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 07416, Franklin, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
5,781
Population
24.5
Area (sq mi)
236
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07416?
47.7
Median Age
54.8%
Male
45.2%
Female
9.5%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$93,983
Median Household Income
-23% vs state
$46,539
Per Capita Income
6.8%
Poverty Rate
6.9%
Unemployment Rate
37.7 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
2,778
Total Housing Units
2,591
Occupied Units
187
Vacant Units
2.25
Avg Household Size
Occupancy Type
$289,000
Median Home Value
-44% vs state
$1,381
Median Rent
1959
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+21.0%
YoY Change (2024)
268
HPI Index (2000 = 100)
+168%
Total Change Since 2000
Home values in ZIP 07416 have increased 21.0% over the past year (2024). Since 2000, this ZIP has seen +168% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +7.4% | 163 |
| 2021 | +16.8% | 190 |
| 2022 | +9.1% | 207 |
| 2023 | +7.0% | 222 |
| 2024 | +21.0% | 268 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 153 business establishments in ZIP 07416, employing approximately 1,549 people with a combined annual payroll of $61,181,000.
153
Businesses
1,549
Employees
$61.2M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 28 | 18.3% |
| Construction | 19 | 12.4% |
| Accommodation and food services | 18 | 11.8% |
| Other services (except public administration) | 18 | 11.8% |
| Manufacturing | 10 | 6.5% |
| Wholesale trade | 10 | 6.5% |
| Professional, scientific, and technical services | 10 | 6.5% |
| Administrative and support and waste management and remediation services | 9 | 5.9% |
| Health care and social assistance | 8 | 5.2% |
| Real estate and rental and leasing | 5 | 3.3% |
| Finance and insurance | 4 | 2.6% |
| Transportation and warehousing | 3 | 2.0% |
| Educational services | 3 | 2.0% |
| Arts, entertainment, and recreation | 3 | 2.0% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 07416 vs 07439 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 07439 | Ogdensburg, NJ | 2,456 | 2.8 mi |
| 07419 | Hamburg, NJ | 9,160 | 3.0 mi |
| 07848 | Lafayette, NJ | 5,026 | 4.6 mi |
| 07871 | Sparta, NJ | 21,165 | 5.0 mi |
| 07460 | Stockholm, NJ | 3,457 | 5.4 mi |
| 07822 | Augusta, NJ | 887 | 5.9 mi |
| 07461 | Sussex, NJ | 19,563 | 8.7 mi |
| 07849 | Lake Hopatcong, NJ | 9,054 | 10.4 mi |
| 07438 | Oak Ridge, NJ | 11,559 | 7.2 mi |
| 07462 | Vernon, NJ | 6,885 | 8.1 mi |
More ZIP Codes in Sussex County
Related Areas
Frequently Asked Questions
What county is ZIP code 07416 in? ▼
What is the population of ZIP code 07416? ▼
What is the median household income in ZIP 07416? ▼
What is the average home value in ZIP 07416? ▼
What is the demographic makeup of ZIP 07416? ▼
How many businesses are in ZIP code 07416? ▼
What are the main industries in ZIP code 07416? ▼
How have home values changed in ZIP code 07416? ▼
What is the education level in ZIP code 07416? ▼
What is the average commute time in ZIP 07416? ▼
What percentage of residents own vs. rent in ZIP 07416? ▼
What is the poverty rate in ZIP code 07416? ▼
ZIP Code Research Guides
Official Data Resources for Franklin, NJ
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.