Franklin Lakes, Bergen County, NJ

Median Home Price Price

$1,430,277 $1.4M

Median Monthly Rent Rent

$4,073 $4.1K

29.0x

Market Snapshot

Franklin Lakes, Bergen County, NJ is a city market with a median home price of $1,430,277, a median monthly rent of $4,073, a GRM of 29.0x, and a price-to-rent ratio of 29.3.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

02 Paramus, Bergen County, NJ
Nearby alternative Lower GRM Lower price Rent momentum
High confidence
Price $960.1K
Rent $3.8K
GRM 21.0x
Explore the data
Region Show
Woodcliff Lake
$1.15M $2.4K 40.0x
Waldwick Explore deeper
$700K $4.3K 14.0x
Wyckoff
$1.03M $3.2K 27.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Spring Lake, Monmouth County, NJ Explore deeper
$1.27M $2.3K 45.0x
Florham Park, Morris County, NJ
$950K $4.0K 20.0x
Westfield, Union County, NJ
$1.16M $3.0K 32.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Larchmont, Westchester County, NY Explore deeper
$1.50M $2.8K 45.0x
Rye Brook, Westchester County, NY
$1.13M $2.9K 32.0x
Pelham, Westchester County, NY
$1.23M $3.0K 34.0x

Home prices

Monthly rent

GRM = home price / annual rent

Franklin Lakes

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Benchmark comparison

Rent in Franklin Lakes, NJ is 68.5% higher than Woodcliff Lake, NJ.

Compare to Woodcliff Lake, NJ
Franklin Lakes, NJ
Woodcliff Lake, NJ
Delta
Median rent
$4,073
$2,417
-$1,656
Median price
$1,430,277
$1,148,667
-$281,610
YoY change
+$401
+$244
-$157
Price-to-rent
29.3x
39.6x
+10.3x

Key takeaways

  • Franklin Lakes, Bergen County, NJ has a higher-grm screening profile: At 29.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $401 year over year.
  • Rent in Franklin Lakes, NJ is 68.5% higher than Woodcliff Lake, NJ.