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Franklin Lakes, NJ (New Jersey) Houses and Residents

Estimated median house or condo value in 2022: $1,170,287 (it was $609,700 in 2000)
Franklin Lakes:

$1,170,287
New Jersey:

$428,900
Lower value quartile - upper value quartile: $838,576 - $1,458,516

Total population: 10,837 (Urban population: 10,422, Rural population: 0)

Houses: 3,900 (3,790 occupied: 3,354 owner occupied, 456 renter occupied)

% of renters here:

12%
State:

35%

Housing density: 413 houses/condos per square mile

Median price asked for vacant for-sale houses and condos in 2022: $884,994.

Median contract rent in 2022: over $2,000


Median gross rent in Franklin Lakes, NJ in 2022: over $2,000

Housing units in Franklin Lakes with a mortgage: 2,138 (418 second mortgage, 0 home equity loan, 402 both second mortgage and home equity loan)
Houses without a mortgage: 103

Median household income for houses/condos with a mortgage: $250,408

Median household income for apartments without a mortgage: $150,243

Median monthly housing costs: $3,435

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Franklin Lakes, New Jersey Age and Sex of Residents
Median year house/condo built: 1978

Median year apartment built: 1993

Household type by relationship:

Households: 11,004
  • Male householders: 2,330 (124 living alone), Female householders: 1,435 (338 living alone)
  • 2,976 spouses (2,976 opposite-sex spouses), 24 unmarried partners, (24 opposite-sex unmarried partners), 3,955 children (3,871 natural, 36 adopted, 47 stepchildren), 62 grandchildren, 0 brothers or sisters, 84 parents, 0 foster children, 76 other relatives, 50 non-relatives
  • In group quarters: 4

Size of family households: 1,346 2-persons, 685 3-persons, 784 4-persons, 248 5-persons, 149 6-persons, 53 7-or-more-persons.

Size of nonfamily households: 479 1-person, 42 2-persons.

2,565 married couples with children.
77 single-parent households (0 men, 77 women).

77.4% of residents of Franklin Lakes speak English at home.
3.6% of residents speak Spanish at home (76% speak English very well, 10% speak English well, 10% speak English not well, 4% don't speak English at all).
8.8% of residents speak other Indo-European language at home (84% speak English very well, 13% speak English well, 3% speak English not well).
5.4% of residents speak Asian or Pacific Island language at home (60% speak English very well, 22% speak English well, 12% speak English not well, 5% don't speak English at all).
3.5% of residents speak other language at home (61% speak English very well, 17% speak English well, 14% speak English not well, 8% don't speak English at all).

Foreign born population: 2,000 (18.2%)
(78.5% of them are naturalized citizens)

Median number of rooms in houses and condos:
Here:

9.9
State:

6.8

Median number of rooms in apartments
Here:

4.6
State:

3.9

Owner-occupied Renter-occupied
Bedrooms in owner-occupied houses and condos in Franklin Lakes, New Jersey
  • Bedrooms in owner-occupied houses and condos in Franklin Lakes, New Jersey
  • 0no bedroom
  • 171 bedroom
  • 2712 bedrooms
  • 4543 bedrooms
  • 1,1954 bedrooms
  • 1,4175+ bedrooms
Bedrooms in renter-occupied apartments in Franklin Lakes, New Jersey
  • Bedrooms in renter-occupied apartments in Franklin Lakes, New Jersey
  • 0no bedroom
  • 991 bedroom
  • 1712 bedrooms
  • 1233 bedrooms
  • 304 bedrooms
  • 325+ bedrooms
Owner-occupied Renter-occupied
Cars and other vehicles available in Franklin Lakes in owner-occupied houses/condos
  • Cars and other vehicles available in Franklin Lakes in owner-occupied houses/condos
  • 83no vehicle
  • 6071 vehicle
  • 1,4272 vehicles
  • 8333 vehicles
  • 3234 vehicles
  • 825+ vehicles
Cars and other vehicles available in Franklin Lakes in renter-occupied apartments
  • Cars and other vehicles available in Franklin Lakes in renter-occupied apartments
  • 30no vehicle
  • 1331 vehicle
  • 2212 vehicles
  • 453 vehicles
  • 284 vehicles
  • 05+ vehicles
Owner-occupied Renter-occupied
Rooms in owner-occupied houses in Franklin Lakes, New Jersey
  • Rooms in owner-occupied houses in Franklin Lakes, New Jersey
  • 01 room
  • 02 rooms
  • 03 rooms
  • 1184 rooms
  • 1665 rooms
  • 1546 rooms
  • 4617 rooms
  • 5128 rooms
  • 1,9439+ rooms
Rooms in renter-occupied apartments in Franklin Lakes, New Jersey
  • Rooms in renter-occupied apartments in Franklin Lakes, New Jersey
  • 01 room
  • 322 rooms
  • 683 rooms
  • 1184 rooms
  • 405 rooms
  • 876 rooms
  • 307 rooms
  • 388 rooms
  • 419+ rooms
Year house built
Median 2022 house/condo value by year built
Median house/condo value by year householder moved into unit
Breakdown of mean house values by ages of householders
  • Franklin Lakes, NJ household income distribution

  • Distribution of median household income in Franklin Lakes, NJ in 2022
  • 141Less than $10,000
  • 15$10,000 to $19,999
  • 18$20,000 to $29,999
  • 176$30,000 to $39,999
  • 220$40,000 to $49,999
  • 78$50,000 to $59,999
  • 193$60,000 to $74,999
  • 142$75,000 to $99,999
  • 301$100,000 to $124,999
  • 195$125,000 to $149,999
  • 410$150,000 to $199,999
  • 1,890$200,000 or more
  • Home value of owner - occupied houses in 2022 in Franklin Lakes, NJ

  • Distribution of house value in Franklin Lakes, NJ in 2022
  • 27Less than $10,000
  • 5$90,000 to $99,999
  • 13$125,000 to $149,999
  • 3$200,000 to $249,999
  • 110$400,000 to $499,999
  • 514$500,000 to $749,999
  • 714$750,000 to $999,999
  • 1,101$1,000,000 to $1,499,999
  • 326$1,500,000 to $1,999,999
  • 518$2,000,000 or more
  • Rent paid by renters in 2022 in Franklin Lakes, NJ

  • Distribution of rent paid by renters in Franklin Lakes, NJ in 2022
  • 36Less than $100
  • 7$350 to $399
  • 8$900 to $999
  • 7$1,500 to $1,999
  • 42$2,000 to $2,499
  • 110$2,500 to $2,999
  • 74$3,000 to $3,499
  • 69$3,500 or more
  • 57No cash rent
Time Leaving Home To Go To Work in 2022

Percentage of workers working in this county: 67.4%
Number of people working at home: 1,497 (32.4% of all workers)

Travel time (in minutes) to work in 2022

Travel time to work (commute)

  • Less than 5 minutes: 126
  • 5 to 9 minutes: 238
  • 10 to 14 minutes: 368
  • 15 to 19 minutes: 336
  • 20 to 24 minutes: 317
  • 25 to 29 minutes: 117
  • 30 to 34 minutes: 495
  • 35 to 39 minutes: 72
  • 40 to 44 minutes: 230
  • 45 to 59 minutes: 329
  • 60 to 89 minutes: 412
  • 90 or more minutes: 210
Means of transportation to work in 2022 - Franklin Lakes

Means of transportation to work:

  • Drove a car alone: 4,698 (66.4%)
  • Carpooled: 696 (9.8%)
  • Long-distance train or commuter rail: 7 (0.1%)
  • Taxi: 172 (2.4%)
  • Bicycle: 18 (0.3%)
  • Walked: 42 (0.6%)
  • Worked at home: 1,497 (21.2%)
Class of Workers in 2022
  • Unemployment by race in 2022
  • Unemployment rate for White non-Hispanic residents
  • 2.3%Males
  • 2.4%Females
  • Unemployment rate for Asian residents
  • 3.8%Males
  • 16.2%Females
  • Unemployment rate for two or more race residents
  • 13.7%Males
  • Unemployment rate for Hispanic or Latino residents
  • 7.5%Males
Year of entry for the foreign-born population in Franklin Lakes, New Jersey
  • Year of entry for the foreign-born population in Franklin Lakes, New Jersey
  • 2662010 or later
  • 2952000 to 2009
  • 4571990 to 1999
  • 2631980 to 1989
  • 3481970 to 1979
  • 465Before 1970
Ancestries in Franklin Lakes, NJ

First ancestries reported:

  • Italian: 994 (18.7%)
  • Polish: 375 (7.1%)
  • Eastern European: 237 (4.5%)
  • German: 212 (4.0%)
  • Irish: 199 (3.7%)
  • American: 192 (3.6%)
  • Russian: 192 (3.6%)
  • Syrian: 191 (3.6%)
  • European: 175 (3.3%)
  • Greek: 147 (2.8%)
  • Armenian: 99 (1.9%)
  • Slovak: 79 (1.5%)
  • Egyptian: 71 (1.3%)
  • Dutch: 65 (1.2%)
  • Croatian: 52 (1.0%)
  • Ukrainian: 52 (1.0%)
  • Israeli: 45 (0.8%)
  • Lithuanian: 44 (0.8%)
  • Iranian: 34 (0.6%)
  • Portuguese: 29 (0.5%)
  • English: 27 (0.5%)
  • Albanian: 18 (0.3%)
  • Yugoslavian: 18 (0.3%)
  • Scandinavian: 17 (0.3%)
  • Scottish: 17 (0.3%)
  • Hungarian: 14 (0.3%)
  • British: 12 (0.2%)
  • Austrian: 11 (0.2%)
  • Lebanese: 11 (0.2%)
  • Norwegian: 10 (0.2%)
  • Cypriot: 10 (0.2%)
  • Afghan: 7 (0.1%)
  • French Canadian: 2 (0.04%)

Most common places of birth for foreign-born residents (%):

Korea
Franklin Lakes:

11.8% (236)
New Jersey:

3.3% (70,512)

Syria
Franklin Lakes:

8.2% (165)
New Jersey:

0.3% (5,966)

England
Franklin Lakes:

7.0% (141)
New Jersey:

0.5% (10,886)

India
Franklin Lakes:

6.8% (137)
New Jersey:

12.8% (274,609)

Colombia
Franklin Lakes:

6.2% (123)
New Jersey:

4.2% (90,817)

Russia
Franklin Lakes:

5.6% (112)
New Jersey:

0.9% (20,371)

China, excluding Hong Kong and Taiwan
Franklin Lakes:

5.5% (109)
New Jersey:

3.7% (78,969)

Czechoslovakia (includes Czech Republic and Slovakia)
Franklin Lakes:

4.8% (95)
New Jersey:

0.2% (3,968)

Poland
Franklin Lakes:

4.7% (93)
New Jersey:

2.3% (48,811)

Cuba
Franklin Lakes:

3.7% (74)
New Jersey:

2.1% (45,435)

Peru
Franklin Lakes:

3.6% (72)
New Jersey:

2.7% (58,563)

Canada
Franklin Lakes:

2.8% (55)
New Jersey:

0.9% (18,317)

Italy
Franklin Lakes:

2.6% (53)
New Jersey:

1.5% (33,198)

Africa, n.e.c.
Franklin Lakes:

2.5% (51)
New Jersey:

0.3% (5,393)

Taiwan
Franklin Lakes:

2.5% (49)
New Jersey:

0.7% (15,548)

Israel
Franklin Lakes:

2.2% (44)
New Jersey:

0.5% (10,975)

Iran
Franklin Lakes:

1.9% (39)
New Jersey:

0.2% (4,947)

Georgia
Franklin Lakes:

1.9% (38)
New Jersey:

0.1% (2,747)

Turkey
Franklin Lakes:

1.9% (38)
New Jersey:

0.8% (16,778)

Ukraine
Franklin Lakes:

1.9% (37)
New Jersey:

1.1% (22,760)

Egypt
Franklin Lakes:

1.7% (34)
New Jersey:

1.6% (33,678)

Place of birth for U.S.-born residents:

  • This state: 5,535
  • Other state: 3,324
  • Northeast: 2,698
  • Midwest: 222
  • South: 142
  • West: 265

89.6% of Franklin Lakes residents lived in the same house 1 years ago.
   Out of people who lived in different houses, 42.0% lived in this county.
   Out of people who lived in different counties, 53.9% lived in New Jersey.


Franklin Lakes:

89.6%
State average:

90.4%

Education attainment for males 25 years and older:

  • No schooling: 0
  • Nursery to 4th grade: 0
  • 5th and 6th grade: 0
  • 7th and 8th grade: 5
  • 9th grade: 0
  • 10th grade: 0
  • 11th grade: 32
  • 12th grade, no diploma: 0
  • High school graduate (or equivalency): 266
  • Less than 1 year of college: 66
  • Some college more than 1 year, no degree: 216
  • Associate degree: 92
  • Bachelor's degree: 1,430
  • Master's degree: 785
  • Professional school degree: 397
  • Doctorate degree: 213
Educational Attainment for Males

Education attainment for females 25 years and older:

  • No schooling: 37
  • Nursery to 4th grade: 0
  • 5th and 6th grade: 0
  • 7th and 8th grade: 0
  • 9th grade: 0
  • 10th grade: 0
  • 11th grade: 0
  • 12th grade, no diploma: 5
  • High school graduate (or equivalency): 429
  • Less than 1 year of college: 54
  • Some college more than 1 year, no degree: 208
  • Associate degree: 266
  • Bachelor's degree: 1,633
  • Master's degree: 1,077
  • Professional school degree: 200
  • Doctorate degree: 88
Educational Attainment for Females
Franklin Lakes marital status for males
Franklin Lakes marital status for females

Housing units in structures:

  • One, detached: 3,531
  • One, attached: 69
  • Two: 17
  • 3 or 4: 51
  • 5 to 9: 20
  • 10 to 19: 22
  • 20 to 49: 44
  • 50 or more: 126
  • Mobile homes: 18
Housing units lacking complete plumbing facilities in 2022: 1.6%

Housing units lacking complete kitchen facilities in 2022: 0.6%

House/condo owner moved in on average 16 years ago

Renter moved in on average 1 years ago

Year householders moved into residence in Franklin Lakes
Houses and condos Apartments
Most commonly used house heating fuel in houses and condos in Franklin Lakes, NJ
  • 89.8%Utility gas
  • 6.8%Electricity
  • 3.1%Fuel oil, kerosene, etc.
  • 0.2%Bottled, tank, or LP gas
Most commonly used house heating fuel in apartments in Franklin Lakes, NJ
  • 69.8%Utility gas
  • 18.6%Electricity
  • 10.2%Fuel oil, kerosene, etc.
  • 1.3%No fuel used

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 157
Here:

10.6%
New Jersey:

12.3%

Students in private schools in grades 9 to 12 (high school): 228
Here:

26.6%
New Jersey:

13.1%

Students in private undergraduate colleges: 158
Here:

46.9%
New Jersey:

33.2%
School Enrollment by Level of School for Male Students
School Enrollment by Level of School for Female Students
Age and Sex of Sensory-Disabled Noninstitutionalized Residents
Age and Sex of Physically-Disabled Noninstitutionalized Residents
Age and Sex of Mentally-Disabled Noninstitutionalized Residents
Age and Sex of Self-Care Disabled Noninstitutionalized Residents
Age and Sex of Go-Outside-Home Disabled Noninstitutionalized Residents
Age and Sex of Noninstitutionalized Residents with Employment Disability