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The median home value in Franklin Lakes, NJ is $1,656,849 as of 2026-07-31, up 12.32% from a year earlier.
Median Home Value
$1,656,849
Year-over-Year
+12.32%
Population
11,251
Franklin Lakes ranks #3 of 184 New Jersey cities tracked here by median home value, and sits 167.9% above the state's city median of $618,410. It sits in Bergen County, where the county-wide median is $793,874.
Median household income in Franklin Lakes is $235,795, so the typical home value is about 7.0× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.
Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).
Franklin Lakes police recorded a violent crime rate of 27 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 373 per 100,000.
Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).
People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Franklin Lakes, that value is $1,656,849. That's up 12.32% from a year earlier. It is about 167.9% above the typical New Jersey city tracked here.
Homes in Franklin Lakes are more expensive than Bergen County as a whole, where the median is $793,874 — a difference of about 108.7%.
Median household income here is $235,795, so the typical home value is about 7.0× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.
Franklin Lakes police reported 27 violent crimes per 100,000 residents, covering a population of about 11,251. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.
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