Franklin Lakes, NJ has a population of 10,953, while the median age is 47. The household income in Franklin Lakes, NJ is around $155,458. The homeownership rate among the residents is 87%. The median residential property value in Franklin Lakes, NJ that you should keep in mind is $975,000.
|Number Of Employees||5,073|
|Median Property Value||$975,000|
Over the Nov 2022, the average rent for an apartment in/near Franklin Lakes, NJ increased by 34.7% to $6,365.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $2,230 with no changes this month. Pricing for 2-bed apartment also decreased by 39.6% and a place of this size will now cost you $2,855. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $3,975. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $8,565 for a big-family home.
The median rent for an apartment in Franklin Lakes, NJ decreased by 18.8% to $3,836. The median rent for a house is still $8,405 with no significant changes this month. Townhouse rent pricing didn’t change, the price still starts at $4,683.