Franklin Lakes, NJ Housing Market

$1,536,911

5.8% 1-yr

The average Franklin Lakes, NJ home value is $1,536,911, up 5.8% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Franklin Lakes Key Takeaways

Typical Home Values: $1,536,911

1-year Value Change: +5.8%

(Data through August 31, 2025)

Franklin Lakes Housing Market Overview

--1-year Market Forecast

53For sale inventory(August 31, 2025)

12New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

$2,224,333Median list price(August 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Franklin Lakes

NameMedian ZHVI
Ramapo College of New Jersey--
Packanack Lake--
Bunker Hill--
Northside$443,748
Totowa$514,295
Riverside$519,334
Hillcrest$528,640
Wrigley Park$435,428
Downtown--

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Franklin Lakes Rental Market Trends

--Average rent in Franklin Lakes(August 31, 2025)

$2,007National average rent(August 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.