Franklin Lakes, NJ—07417
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$1,650,000
12.0% YoY Growth
Household Income
$231,000
44.6% YoY Growth
Days on Market
29
28.0% Shorter YoY
Home Price Forecast
3.4%
Median Rent
$5,000
10.6% YoY Growth
1-Bed Rent
$2,500
N/A
2-Bed Rent
$4,450
3.6% YoY Growth
3-Bed Rent
$9,500
134.6% YoY Growth
Home Price Trends — Franklin Lakes, NJ
As of May '26, the median home price in Franklin Lakes, NJ is $1,650,000, with a year-over-year change of 12.0%. This indicates that home prices in Franklin Lakes, NJ are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,650,000 | 12.0% |
| Single Family | $1,655,000 | 12.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |