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Franklin Lakes, NJ
Full City Profile · New Jersey · Passaic County County
3.7
/5.0
B+
Good
11,011
Population
1,170/sq mi density
$230,987
Median Income
$110,566 per capita
$1,217,500
Home Value
$1,503,991 Zillow
$3,334
Median Rent
36.0% income on rent
52°F
Avg Temperature
275 sunny days/yr
45
Violent Crime/100K
531 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$230,987 median income, 1.3% unemployment
B+
Affordability
3.7 / 5.0
$1,217,500 home value, $3,334/mo rent
F
Safety
1.0 / 5.0
45 violent crimes/100K
A+
Education
5.0 / 5.0
78.9% bachelor's degree or higher
Housing Overview
Median Home Value
$1,217,500
332% above
US avg: $281,900
Median Rent
$3,334/mo
187% above
US avg: $1,163/mo
Homeownership Rate
88.3%
35% above US avg (65.4%)
Total Housing Units
3,876
Median year built: 1979
Home Value by Source
Census Median
$1,217,500
Zillow (ZHVI)
$1,503,991
Median Sale Price
$2,150,000
Median List Price
$2,100,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.3%
Owner-Occupied
11.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$3,334/mo
Market Indicators (Redfin)
Median Days on Market
90 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
9
Price Drops
2.9%
of listings with price reduction
Price Per Sq Ft
$421
Active Inventory
35
homes for sale
Affordability & Housing Stock
Rent Burden
36.0%
of renters spending 30%+ of income on housing
16% above US avg (31.0%)
Median Year Built
1979
Average age of housing stock: 47 years
Homeownership Rate
88.3%
Complete Housing Data
Home Values
| Census Median Value | $1,217,500 |
| Zillow Home Value (ZHVI) | $1,503,991 |
| Median Sale Price | $2,150,000 |
| Median List Price | $2,100,000 |
| Price Per Sq Ft | $421 |
Rent
| Census Median Rent | $3,334 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 90 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 2.9% |
| Homes Sold | 9 |
| Active Inventory | 35 |
| Price Per Sq Ft | $421 |
Ownership & Stock
| Owner-Occupied | 88.3% |
| Renter-Occupied | 11.7% |
| Homeownership Rate | 88.3% |
| Total Housing Units | 3,876 |
| Median Year Built | 1979 |
| Rent Burden | 36.0% |