Home prices
Franklin Lakes's median home cost is $945,900. It is approximately $512,020 (118%) higher in comparison to nearby areas.It is about $728,400 (334%) higher in comparison to the entire nation, and it is approximately $339,900 (56%) higher compared to the city of New York.
Rents
In Franklin Lakes the median rent is $2,642 a month. In comparison to nearby areas it is approximately $811 (44%) higher.It is approximately $1,580 (148%) higher compared to the country as a whole, and is approximately $1,199 (83%) higher compared to the city of New York.
Nearby places
Oakland
Oakland is Franklin Lakes's neighbor to the northwest. Real estate prices there are a lot less expensive. Oakland's median home cost is $468,700, which comes out to $477,200 (101%) lower than Franklin Lakes. Its rents are significantly less expensive. In Oakland the median monthly rent is $1,642, which works out to $1,000 (60%) lower than Franklin Lakes.
North Haledon
North Haledon is Franklin Lakes's neighbor to the south. Real estate prices there are substantially less expensive. The median home in North Haledon costs $435,700, which is $510,200 (117%) lower than Franklin Lakes. The rent there is a little less expensive. In North Haledon the median rent is $2,188 a month, which is $454 (20%) lower than Franklin Lakes.
Midland Park
Midland Park is approximately 3 miles east of Franklin Lakes. Real estate prices there are a lot less expensive. The median home in Midland Park is valued at $513,400, which is $432,500 (84%) lower than Franklin Lakes. Its rents are a lot less expensive. In Midland Park the median monthly rent is $1,781, which works out to $861 (48%) lower than Franklin Lakes.
Pompton Lakes
Pompton Lakes is approximately 3 miles west of Franklin Lakes. Housing prices there are substantially less expensive. The value of the median home in Pompton Lakes is $302,700, which works out to $643,200 (212%) lower than Franklin Lakes. Rents there are significantly less expensive. In Pompton Lakes the median monthly rent is $1,536, which is $1,106 (72%) lower than Franklin Lakes.
Waldwick
Waldwick is about 3 miles east from Franklin Lakes. Its real estate prices are a lot less expensive. Waldwick's median home price is $448,900, which works out to $497,000 (110%) lower than Franklin Lakes. Its rents are a bit less expensive. Waldwick's median rent is $2,006 per month, which works out to $636 (31%) lower than Franklin Lakes.
