Rental market snapshot for Franklin Lakes, New Jersey

Franklin Lakes, New Jersey Rental Property Market Overview

Franklin Lakes, New Jersey is a small borough located in Bergen County with a population of 10,982 as of 2021, according to the US Census. The borough is known for its rural atmosphere and is home to many affluent residents. It is a popular destination for outdoor activities such as fishing, hiking, and biking. The borough also offers a variety of shopping, dining, and entertainment options.

The average rent for an apartment in Franklin Lakes is $5,037. The cost of rent varies depending on several factors, including location, size, and quality.

Last Updated July 28, 2023

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Average monthly rent graph in Franklin Lakes New Jersey | Cost of Living

    Franklin Lakes ZIP codes with the highest, most expensive rent

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    Live near Franklin Lakes, New Jersey's Top Sights and Attractions

    Dr Park Ave is a unique outdoor attraction located in a picturesque suburban setting. It features a large, winding path that meanders through lush gardens and wooded areas, offering visitors a peaceful and tranquil escape from the hustle and bustle of everyday life. Along the path, visitors can find a variety of sculptures, fountains, and other works of art, as well as benches and tables for picnicking. The park also features a pond, a playground, and a variety of wildlife, making it a great spot for families and nature lovers alike.

    Franklin Lakes Borough Municipal Field Park is a sprawling outdoor recreation area located in northern New Jersey. The park features a variety of activities for visitors of all ages, including a playground, walking trails, a fishing pond, and several sports fields. The park also has a picnic area with tables and grills, as well as a pavilion for larger gatherings. The park is well-maintained and provides a peaceful and serene atmosphere for visitors to enjoy.

    Franklin Lakes Nature Preserve is a beautiful outdoor area located in northern New Jersey. It features a variety of trails and paths that wind through the woods and around the lake. Visitors can explore the area on foot or by bike, and can take in the sights of the lake, the wildlife, and the surrounding nature. The preserve also offers a variety of educational programs and activities, such as bird watching, nature photography, and guided hikes. With its peaceful atmosphere and stunning views, Franklin Lakes Nature Preserve is a great place to relax and enjoy the outdoors.

    Franklin Lakes, New Jersey area median rent change by ZIP code map

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    How does Franklin Lakes compare to other cities in New Jersey?

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    Average household income in Franklin Lakes area graph - US Census

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    The median household income in Franklin Lakes in 2021 was $188,272. This represents a 27.3% change from 2011 when the median was $147,885.

    #categorypercent
    0Less than $10,0001.2%
    1$10,000 to $14,9990.8%
    2$15,000 to $19,9990.0%
    3$20,000 to $24,9991.2%
    4$25,000 to $29,9990.6%
    5$30,000 to $34,9993.3%
    6$35,000 to $39,9992.1%
    7$40,000 to $44,9991.8%
    8$45,000 to $49,9990.6%
    9$50,000 to $59,9992.5%
    10$60,000 to $74,9995.2%
    11$75,000 to $99,9997.4%
    12$100,000 to $124,9997.4%
    13$125,000 to $149,9997.4%
    14$150,000 to $199,99912.6%
    15$200,000 or more46.1%

    Neighborhoods in Franklin Lakes

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    Frequently asked questions

    Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

    This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

    Yes, but please attribute us accordingly.

    Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

    While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

    Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

    Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

    Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

    As of June , the average rent in Franklin Lakes is $5,037.
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