Franklin Park is a somewhat small borough located in the state of Pennsylvania. With a population of 14,269 people and two constituent neighborhoods, Franklin Park is the 74th largest community in Pennsylvania.
Franklin Park home prices are not only among the most expensive in Pennsylvania, but Franklin Park real estate also consistently ranks among the most expensive in America.
Franklin Park is a decidedly white-collar borough, with fully 91.15% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin Park is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in Franklin Park who work in management occupations (23.35%), healthcare (11.38%) and sales jobs (9.21%).
Also of interest is that Franklin Park has more people living here who work in computers and math than 95% of the places in the US.
In addition, Franklin Park is home to many people who could be described as "urban sophisticates". Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness'. But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.
Because of many things, Franklin Park is a great place for families with children to consider. First of all, many other families with children live here, making Franklin Park a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Franklin Park has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Franklin Park’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
If knowledge is power, Franklin Park is a pretty powerful place. 67.16% of the adults in Franklin Park have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Franklin Park in 2010 was $53,405, which is wealthy relative to Pennsylvania and the nation. This equates to an annual income of $213,620 for a family of four.
Franklin Park is a somewhat ethnically-diverse borough. The people who call Franklin Park home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin Park residents report their race to be White, followed by Asian. Important ancestries of people in Franklin Park include German, Irish, Italian, English, Polish and European.
The most common language spoken in Franklin Park is English. Some people also speak Chinese.
|FRANKLIN PARK INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||4,807|
|FRANKLIN PARK HOME OWNERSHIP|
|% OWNER OCCUPIED||95.73%|
|% RENTER OCCUPIED||4.27%|
|TYPE OF FRANKLIN PARK HOMES|
|SINGLE FAMILY DETACHED||88.23%|
|ROWHOUSES AND ATTACHED HOMES||9.90%|
|SMALL APARTMENT BUILDINGS||0.14%|
|COMPLEXES OR HIGH RISE APARTMENTS||1.74%|
|SIZE OF FRANKLIN PARK HOMES|
|5 OR MORE BEDROOMS||7.72%|
|AGE OF FRANKLIN PARK HOMES|
|NEWER HOMES (2000 OR LATER)||13.06%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||59.46%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||23.10%|
|HISTORIC (1939 OR BEFORE)||4.39%|
|FRANKLIN PARK REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$338,490|
|MEDIAN RENTAL PRICE||$1,794|
|HOME VALUE RANGE|
|$0 - $56,000||0.80%|
|$56,001 - $113,000||2.30%|
|$113,001 - $225,000||20.21%|
|$225,001 - $338,000||28.18%|
|$338,001 - $450,000||27.40%|
|$450,001 - $563,000||12.76%|
|$563,001 - $844,000||6.93%|
|$844,001 - $1,126,000||1.07%|
|PEOPLE OF FRANKLIN PARK||DETAILS|
|UNDER 5 YEARS||4.55%|
|5 TO 17||24.39%|
|18 TO 24||4.18%|
|25 TO 34||7.74%|
|35 TO 54||30.75%|
|55 TO 64||16.27%|
|65 YEARS AND OVER||12.12%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||98.99%|
|MEDIAN HOUSEHOLD INCOME||$116,378|
|PER CAPITA INCOME||$53,405|
|INDIVIDUALS BELOW POVERTY LEVEL||1.24%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (15.39%)
Public Service (3.58%)
Real estate (2.85%)
|BLACK OR AFRICAN AMERICAN||1.25%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.00%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.26%|
|TWO OR MORE RACES||1.36%|
|HISPANIC OR LATINO (OF ANY RACE)||0.75%|
|ETHNICITIES PRESENT||German (35.52%)
|LANGUAGES SPOKEN||English (88.11%)
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