Franklin Lakes, NJ Real Estate
According to census data in the year 2000 there were 3,395 housing units in Franklin Lakes.
This represents a 7.1% growth from 3,171 in 1990.
Of those housing units, 3,395 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Franklin Lakes is about 95.1%.
Franklin Lakes's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 3.13 people.
The majority of houses, apartments or condos in Franklin Lakes were built after 1970.
|Housing Units by Size|
|Five Bedrooms or more||29.50%|
Owned Homes, Apartments and Condos
|Average Household Size||3.18|
|Median year structure was built||1971|
|Median Value of occupied units||$609,400|
|Median Price asked for vacant units||$687,500|
Rented Homes, Apartments and Condos
|Average Household Size||2.33|
|Median year structure was built||1959|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||10.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.6%|