The median home value in Franklin Lakes, NJ is $1,213,000. This is higher than the county median home value of $607,200. The national median home value is $338,100. The average price of homes sold in Franklin Lakes, NJ is $1,213,000. Approximately 84.52% of Franklin Lakes homes are owned, compared to 10.81% rented, while 4.66% are vacant. Franklin Lakes real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Franklin Lakes real estate agent to arrange a tour today!
Learn More About Franklin Lakes Real EstateFranklin Lakes has a population of approximately 11,034 and experiences a population change rate of 5.87%. The population density is 1,172.1 / sq mi.
The median household income for Franklin Lakes is $188,272, with 3,844 households and an average household size of 2.87.
The cost of living index in Franklin Lakes is 248.1%.
The median value of a home in Franklin Lakes is $1,213,000 with an appreciation rate of 12.7%. 84.5% of housing in the city is owned while 10.8% is rented.
The unemployment rate in Franklin Lakes is 2.60%, and recent job growth is at 3.01%. Future job growth is projected at 49.30%.
The sales tax rate in Franklin Lakes is 6.63%, while the income tax rate is 5.53%.
School expenditures in Franklin Lakes are $24,891, and the school ratio is 12.5:1.
The average high temperature in July is 84 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 50.2 inches per year, with 26.3 inches of snow per year.
Metric | City | County |
---|---|---|
High School Graduates | 99.45 | 92.9 |
College Degree - 2 year | 5.05 | 6.33 |
College Degree - 4 year | 75.37 | 51.23 |
Graduate Degree | 24.58 | 14.17 |
Expenditures per Student | $24,891 | $24,891 |
Students per Teacher | 12.50 | 12.50 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Abraham Lincoln Elementary School | KG - 05 | 308 | 12.3 | 07481 |
Calvin Coolidge Elementary School | KG - 05 | 341 | 12.6 | 07481 |
Colonial Road School | PK - 05 | 265 | 7.6 | 07417 |
Dogwood Hill Elementary School | PK - 05 | 283 | 11.9 | 07436 |
George Washington Elementary School | KG - 05 | 354 | 12.2 | 07481 |
Godwin Elementary School | PK - 02 | 217 | 10.2 | 07432 |
Haledon Public School | PK - 08 | 1034 | 10.8 | 07508 |
Heights Elementary School | KG - 05 | 364 | 12.3 | 07436 |
High Mountain Road School | PK - 05 | 229 | 9.4 | 07417 |
Highland Elementary School | 03 - 06 | 291 | 8.9 | 07432 |
Manito Elementary School | KG - 05 | 285 | 12.9 | 07436 |
Memorial Elementary School | KG - 04 | 414 | 13.1 | 07508 |
Prospect Park School No. 1 | PK - 08 | 866 | 12 | 07508 |
Sicomac Elementary School | PK - 05 | 308 | 10.6 | 07481 |
Woodside Avenue School | KG - 05 | 276 | 9.5 | 07417 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Dwight D. Eisenhower Middle School | 06 - 08 | 788 | 11.8 | 07481 |
Franklin Avenue Middle School | 06 - 08 | 454 | 8.3 | 07417 |
High Mountain Middle School | 05 - 08 | 292 | 9.3 | 07508 |
Valley Middle School | 06 - 08 | 619 | 11.4 | 07436 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Indian Hills High School | 09 - 12 | 1226 | 10.9 | 07436 |
Midland Park Junior/Senior High School | 07 - 12 | 483 | 11 | 07432 |
Passaic County-Manchester Regional High School | 09 - 12 | 896 | 13.8 | 07508 |
Ramapo High School | 09 - 12 | 1088 | 10.8 | 07417 |