ZIP Code 07416

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Source:

Franklin · Sussex County · New Jersey

Population
5,781

236/sq mi

Median income
$93,983

▲ 23% vs US

higher than 77% of US ZIPs

Median home value
$289,000

▲ 4% vs US

higher than 65% of US ZIPs

Bachelor's or higher
21.2%

Median age 47.7

Land area
24.5 sq mi

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

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ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 07416?

47.7

Median Age

54.8%

Male

45.2%

Female

9.5%

Foreign-Born

White 75.9%
African American 1.3%
Asian 0.1%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 15.0%
Hispanic or Latino 18.2%

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?

High School Graduate or Higher 63.5%
Bachelor's Degree or Higher 21.2%

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

Owner 62.4%
Renter 37.6%

$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)

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

Frequently Asked Questions

What county is ZIP code 07416 in?
ZIP code 07416 (Franklin) is located in Sussex County, New Jersey. Sussex County contains multiple ZIP codes, see the full list at /counties/sussex-nj.
What is the population of ZIP code 07416?
ZIP code 07416 in Franklin, NJ has a population of 5,781 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07416?
The median household income in ZIP 07416 is $93,983, which is 23% above the national average of $76,288.
What is the average home value in ZIP 07416?
The median home value in ZIP 07416 is $289,000, which is 4% above the national average of $278,155.
What is the demographic makeup of ZIP 07416?
The largest racial group in ZIP 07416 is White at 75.9%. Hispanic or Latino residents make up 18.2% of the population.
How many businesses are in ZIP code 07416?
ZIP code 07416 has 153 business establishments employing approximately 1,549 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07416?
The top industries by establishment count in ZIP 07416 are: Retail trade (28), Construction (19), Accommodation and food services (18). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 07416?
According to the FHFA House Price Index, home values in ZIP 07416 increased by 21.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 168%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 07416?
In ZIP code 07416, 63.5% of residents aged 25+ have a high school diploma or higher, and 21.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 07416?
The mean commute time for workers in ZIP code 07416 is 37.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 07416?
In ZIP code 07416, approximately 62.4% of occupied housing units are owner-occupied and 37.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07416?
The poverty rate in ZIP code 07416 is 6.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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.

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