Franklin Lakes Housing Information - Census

IndexFranklin LakesNew JerseyNational
Median home price$944,900$316,400$184,700
Median rent asked$2,263$1,213$949
Avg. people per household2.52.72.6
Owner occupied households88.2%64.1%63.6%
Renter occupied households11.8%35.9%36.4%

Franklin Lakes Housing Information - Zillow

IndexFranklin LakesNew JerseyNational
Zillow home value index$1,062,800$304,100$196,500
Year over year appreciation rate7.43%5.19%6.79%
5 year average appreciation rate3.46%2.97%5.28%
10 year average appreciation rate-0.97%-1.75%0.01%

Did you know?

  • The median home price in Franklin Lakes is 412% higher than the national average.
  • The median rent asked in Franklin Lakes is 138% higher than the national average.
  • The average number of people per household in Franklin Lakes is 4% lower than the national average.
  • The number of owner occupied households in Franklin Lakes is 39% higher than the national average.
  • The number of renter occupied households in Franklin Lakes is 68% lower than the national average.

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Compare Franklin Lakes, NJ Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Teterboro, NJ86$0100%
Highland Lakes, NJ4,834$204,10011%
Mount Ivy, NY6,792$224,30021%
Paterson, NJ146,894$236,00028%
Prospect Park, NJ5,919$249,80035%
Franklin Lakes, NJ10,810$944,900412%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Newman, CA10,808$159,60014%
Union, MO10,813$139,60024%
Little Chute, WI10,815$140,50024%
Fredonia, NY10,801$128,90030%
Atchison, KS10,798$84,70054%
Franklin Lakes, NJ10,810$944,900412%
Source: The Franklin Lakes, NJ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.