Franklin Lakes New Jersey Real Estate
Franklin Lakes, New Jersey, is located in Bergen County, 4 miles NE of Wayne, New Jersey and 21 miles NW of New York, New York. Franklin Lakes has a population of 10,422.
Franklin Lakes Homes
Franklin Lakes properties pool is 3,322 residential properties including Franklin Lakes new homes. Median age of real estate in Franklin Lakes is 1970. Average Household size is 3.34 people. 0% are one bedroom homes, 6% are 2 bedroom homes, 22% are 3 bedroom homes, 42% are 4 bedroom homes, and 31% are 5+ bedroom homes.
Franklin Lakes Mortgage Statistics
Franklin Lakes mortgages vs. USA median statistics
| Homes |
Franklin Lakes |
USA |
| Homes With No Mortgage |
28% |
30% |
| Homes With Mortgage |
72% |
70% |
| First Mortgage Only |
57% |
54% |
| First & Second Mortgage or HELOC |
15% |
16% |
Franklin Lakes Area Real Estate Tax
Franklin Lakes Real estate Tax: Median Real Estate Taxes (2000) were $7,801 comparing to 1999 Median Family income $ 142,930. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).
Franklin Lakes School District: Children make up 28.7% of Franklin Lakes population. Franklin Lakes has 2,989 under 18 years old residents, or 0.64 kids per one worker, or 0.9 kids per one household.
Franklin Lakes Real Estate & Franklin Lakes Homeownership
There are 298.98 or 9% one person households, 1096.26 or 33% two person households, and 631.18 or 19% three person households in Franklin Lakes, New Jersey. Median residents age is 40.7, Senior citizens (65+) make up 1,164 or 11.2%% of Franklin Lakes population.
There are 4,701 workers (over 16 years of age) in Franklin Lakes. Of these, 85.75% drive to work. Approximately 5.81% of workers in Franklin Lakes take public transportation. An estimated 0.4% walk to work.
Median Franklin Lakes homeowner's housing expences are 20.6%
Crime in Franklin Lakes (2003), crimes per 10,000 residents per year
| Type of Crime |
Franklin Lakes |
USA, 2003 |
| Violent Crimes |
0.96 |
47.5 |
| Robberies |
NaN |
14.2 |
| Aggravated Assaults |
0.96 |
29.5 |
| Property Crimes |
131.45 |
358.8 |
| Burglaries |
16.31 |
74.0 |
| Larceny-Thefts |
115.14 |
241.5 |
| Motor Vehicle Thefts |
NaN |
43.3 |
Invest in Franklin Lakes Properties
When making a decision about buying real estate in Franklin Lakes New Jersey area, you should consider following statistical data:
| Category |
Franklin Lakes |
USA |
| Near Medium City |
Wayne, New Jersey |
- |
| Near Large City |
New York, New York |
- |
| Franklin Lakes Zip Codes |
07417 |
- |
| Franklin Lakes Area Codes |
201 |
- |
| White population |
91.35% |
75.1% |
| African-American population |
0.92% |
12.3% |
| Asian |
6.33% |
3.6% |
| American Indian & Alaskan |
0.11% |
0.9% |
| Hispanic (of any race) |
2.74% |
12.5% |
| Median Family Income (1999) |
$ 142,930% |
$42,000 |
| Population Below Poverty Level |
3.18% |
12.4% |
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