Housing in Franklin Lakes, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$2,075,000
Median List Price
$2,550,000
Price Per Sq Ft
$336
Days on Market
119
Active Inventory
37
Months of Supply
7.4
Buyer's market
Zillow Home Value
$1,517,266
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
40.0%
Off Market in 2 Weeks
16.7%
Sale-to-List Ratio
99.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
10
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$336
Median List $/SF
$539
Franklin Lakes vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Franklin Lakes is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$1,217,500
Median Rent
$3,334
Total Housing Units
3,879
Vacancy Rate
2.8%
Owner Occupied
88.3%
Renter Occupied
11.8%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$4,001
Housing Types
The current median sale price in Franklin Lakes, NJ is $2,075,000 according to Redfin data. Homes spend a median of 119 days on the market. 40.0% of homes sold above asking price. The market has 7.4 months of supply. The median price per square foot is $336. The median rent is $3,334 per month (Census ACS). About 88.3% of housing units are owner-occupied. The median year homes were built is 1981. There are 3,879 total housing units.