Franklin Lakes, NJ housing market
The typical Franklin Lakes home is worth about $1,643,000, up 12.7% in a year, 183% above the New Jersey typical home. Homes typically sell in 94 days, a little above asking.
Home values, sales, trends and how Franklin Lakes compares with the towns next door — updated as new data is published.
Franklin Lakes at a glance
A balanced market
About 4.8 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Franklin Lakes | New Jersey |
|---|---|---|
| 2017 | $978,000 | $317,000 |
| 2018 | $987,000 | $330,000 |
| 2019 | $963,000 | $343,000 |
| 2020 | $927,000 | $358,000 |
| 2021 | $991,000 | $394,000 |
| 2022 | $1,119,000 | $441,000 |
| 2023 | $1,230,000 | $471,000 |
| 2024 | $1,308,000 | $511,000 |
| 2025 | $1,390,000 | $551,000 |
| 2026 | $1,551,000 | $568,000 |
| August 2026 | $1,643,000 | $580,000 |
Franklin Lakes and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Franklin Lakes | $1.64M | +12.7% | 94 | $235,795 |
| Mahwah | $723K | +5.6% | — | $131,327 |
| Oakland | $775K | +7.6% | 22 | $162,019 |
| Wyckoff | $1.17M | +10.5% | — | $203,988 |
| Wayne | $748K | +7.2% | — | $153,056 |
| North Haledon | $720K | +6.1% | 66 | $125,313 |
| Pines Lake | — | — | — | $172,348 |
7 years of income
The typical Franklin Lakes home costs about 7 years of the town's median household income, more than across New Jersey (5.6 years).
How Franklin Lakes ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.