Real Estate Market Update for 07417 (Franklin Lakes, NJ)
Map Information for 07417 (Franklin Lakes, NJ)
Area Information for 07417 (Franklin Lakes, NJ)
  • Community Character: High Percentage of Family Households, Very Low Residential Turnover, Suburb of Newark
  • Population: 10,722
  • Median Age: 38.9 yr
  • Median Commute Time: 25.72 mins
  • Educational Climate*: 5
  • Recycling Likelihood**: 151
  • Sales Tax: 7%
  • Population Density: 1,089/sq mi
  • Population Change Since 2000: 3%
  • Closest Airport: Teterboro
  • Closest College: William Paterson Univ Of Nj
  • Closest Jr. College: Passaic Cty Comm Coll
  • Median Household Income: $162,610
  • Annual Residential Turnover: 9.01%
  • Median Years in Residence: 4.91 yr
  • Median Home Sales Price: $825,000
  • Closest Major Sports Team: New York Jets / New York Giants
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 07417 (Franklin Lakes, NJ)
Median Age: 38.9 Married: 55% Number of Households: 3,563 Households with Children: 1,446
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 07417 (Franklin Lakes, NJ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Franklin Avenue Middle School 0.8 mi Public 5 - 8 5 0
      Ramapo High School 0.9 mi Public 9 - 12 4-5 3
      Colonial Road Elementary School 1.0 mi Public K - 5 4-5 4
      Most Blessed Sacrament School 1.0 mi Catholic K - 8 0 0
      High Mountain Road Elementary School 1.2 mi Public K - 5 4-5 5
      Woodside Avenue Elementary School 1.7 mi Public K - 5 4-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2010
      Local Weather for 07417 (Franklin Lakes, NJ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.