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Franklin Lakes

Franklin Lakes

Located in Bergen County

$1,880,248 Average Value
$507 Average Price per Sq Ft
35 Homes For Sale

Serene street and more than a few mansions

Home to an estimated 10,000 people, northern New Jersey’s Franklin Lakes is a residential area known for its quiet streets, expansive housing lots and oversized homes. No highways run through Franklin Lakes. Instead, residents travel along winding country roads. "Typically, what drives people to Franklin Lakes is more land. Those who want to have a luxury property," says Maryanne Elsaesser, a broker associate and Team Lead of The Home Navigators Team at Compass.

Neighborhoods with large homes and front lawns are common in Franklin Lakes
Neighborhoods with large homes and front lawns are common in Franklin Lakes
Franklin Lakes is around an hour from New York City.
Franklin Lakes is around an hour from New York City.
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Large estates with lots of luxuries

People in Franklin Lakes like to live large. Homes measuring 7,000 square feet on sprawling estates outfitted with elaborate outdoor patios, tennis courts and swimming pools are common. Prices for colonials and millennium mansions that incorporate a variety of architectural styles start at about $1.3 million and can soar to $7 million and higher. Grand estates include elements such as marble foyers, bridal staircases, cathedral ceilings, columns and detailed woodwork. Some buyers opt to purchase large plots of land for custom builds.

Live lavish in a large estate in the Franklin Lakes neighborhood.
Live lavish in a large estate in the Franklin Lakes neighborhood.
Large custom colonial home in Franklin Lakes.
Large custom colonial home in Franklin Lakes.
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A break on taxes

Franklin Lakes residents find a little relief in property taxes. "The taxes are very reasonable when you compare them to other boroughs and counties in New Jersey, thanks to Franklin Lakes being the site of several Fortune 500 Company headquarters, which offsets property taxes," says Adam DeFino, the broker of record at DeFino Realtors.

Franklin Lakes is home to a variety of fortune 500 and other business complexes.
Franklin Lakes is home to a variety of fortune 500 and other business complexes.
There are a variety of corporate buildings in Franklin Lakes.
There are a variety of corporate buildings in Franklin Lakes.
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Strong schools with small class size

High Mountain Road Elementary School, which gets a B+ rating from Niche, enrolls approximately 275 students and has a student-teacher ratio of 10 to one. The B-rated Franklin Avenue Middle School emphasizes critical thinking skills and the development of the whole child. Ramapo Indian Hills Regional High School offers an aviation program and college-level classes. Niche gives it an A rating. The Catholic school Academy of the Most Blessed Sacrament enrolls about 100 prekindergarten through 8th grade students, and has an eight-to-one student ratio.

High Mountain Road School is in Franklin Lakes, NJ.
High Mountain Road School is in Franklin Lakes, NJ.
Franklin Avenue Middle School serves grades 6-8th.
Franklin Avenue Middle School serves grades 6-8th.
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Rustic and refined recreation options

The serene Franklin Lakes Nature Preserve contains walking and hiking trails and a 75-acre lake where visitors can fish and boat from April to November. Parsons Pond Park features open green space, ponds and streams, ballfields and walking paths through natural wooded areas. Residents can join the Indian Trail Club, a private country club with a full-scale restaurant, tennis club, pool and lake. In colder months, the Campgaw Mountain Ski Area, a destination for skiers, snowboarders and snow tubers, can be reached in 10 minutes by car.

Hiking trails wind through the forest at The Franklin Lakes Nature Preserve.
Hiking trails wind through the forest at The Franklin Lakes Nature Preserve.
Practice your batting at the ball field at Parson's Pond Park.
Practice your batting at the ball field at Parson's Pond Park.
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A central street meets most needs

The main drag of the neighborhood is Franklin Avenue. Roast’d is a popular spot for coffee; Pazza serves Italian comfort food, and Five13 Liquor Lounge specializes in creative cocktails and elevated appetizers. Locals grab groceries at the Stop & Shop and fresh produce, baked goods and locally-made specialty items at Abma’s Farm in nearby Wyckoff.

Shop all throughout Franklin Lakes with local shopping centers.
Shop all throughout Franklin Lakes with local shopping centers.
The main thoroughfare of Franklin Lakes is a great place to get your shopping and dining in.
The main thoroughfare of Franklin Lakes is a great place to get your shopping and dining in.
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Easy access to major thoroughfares

Roadways serving the area include New Jersey State Route 208 and Interstate 287. Midtown Manhattan can be reached in about an hour.

Residents of Franklin Lakes have access to highways to get in and out of town with ease.
Residents of Franklin Lakes have access to highways to get in and out of town with ease.
Residents of Franklin Lakes have access to major highways for travel.
Residents of Franklin Lakes have access to major highways for travel.
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Tina Davis
Written By
Tina Davis
Brendan Rogers
Photography Contributed By
Brendan Rogers
Syd Silberman
Video By
Syd Silberman

Interested in learning more about homes in this area? Reach out to Susan Van Poznak, an experienced agent in this area.

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Franklin Lakes Housing Trends

Housing Trends

Median List Price
$1,828,000
Median Sale Price
$1,725,000
Median Single Family Sale Price
$1,800,000
Median Townhouse Sale Price
$925,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
133
Median Home Sale Price YoY Change
27%
Average Price Per Sq Ft
$507

Area Facts

Number of Homes
1,530
Number of Homes for Sale
35
Median Year Built
1976
Months of Supply
3.20
Average Single Family Home Size Sq Ft
9,547
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
3,015
Median Lot Size Sq Ft
38,986

Open Houses

  • Sunday, Nov 2
    Open Sun 12PM - 3PM

    757 Sunset Terrace, Franklin Lakes, NJ 07417

    $899,000

    • 4 Beds
    • 3 Baths
    • 24,394 Sq Ft
    • 757 Sunset Terrace
    • New 1 day ago

    Tucked away on a quiet private cul-de-sac, this beautifully updated Franklin Lakes home sits on over a half-acre of picturesque land, blending timeless design with modern luxury. Every inch has been thoughtfully enhanced to perfection, offering a seamless balance of comfort, craftsmanship, and elegance.At the heart of the home is a stunning chef's kitchen with custom white cabinetry, marble

    CHRISTINE THARES COLDWELL BANKER REALTY RDG

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  • Sunday, Nov 2
    Open Sun 1PM - 4PM

    912 Cherokee Ln, Franklin Lakes, NJ 07417

    $2,999,999

    • 8 Beds
    • 5.5 Baths
    • 912 Cherokee Ln
    • New 16 days ago

    Set high atop 3.2 acres of manicured grounds, this magnificent villa offers resort style living with stunning mountain views and unparalleled tranquility and privacy. This exceptional property, rarely found in the Northeast, provides the feeling of a dream vacation destination in Central America or California, yet is only 30 minutes from NYC. Your private road brings brings you to grounds that

    Jamie Oakley Prominent Properties Sotheby's International Realty-Franklin Lakes

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  • Sunday, Nov 2
    Open Sun 1PM - 4PM

    907 Scioto Dr, Franklin Lakes, NJ 07417

    $4,999,999

    • 6 Beds
    • 10 Baths
    • 907 Scioto Dr
    • New 18 days ago

    Located in the most distinguished neighborhood in South Gate section of Urban Farms. One of only 24 residences gracing Franklin Lake. This waterfront estate commands one of the most coveted positions-offering uninterrupted views across 100 shimmering acres. Architectural brilliance meets effortless luxury, where natural light, refined finishes, and flawless balance create an atmosphere of

    Grazyna Ziarko Christie's International Real Estate Group-Franklin Lakes

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Franklin Lakes Has More Owners

Demographics

Total Population
12,443
Median Age
46
Population under 18
22.8%
On par with the national average
23.8%
Population over 65
23.2%
On par with the national average
19.1%

Finances

Median Household Income
$189,911
Significantly above the national average
$71,702
Average Household Income
$198,635

Education and Workforce

High School Graduates
99.5%
College Graduates
75.2%
Significantly above the national average
34.1%
Advanced Degrees
34.5%
Above the national average
13.3%
% Population in Labor Force
63.2%

Weather

Annual Precipitation
45''
Average Winter Low Temperature
23°F
Average Summer High Temperature
85°F
Annual Snowfall
14''

Area Factors

Somewhat Bikeable

Bike Score®®

3 / 100

Car-Dependent

Walk Score®®

9 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Franklin Lakes