07417, Franklin Lakes, NJ

Franklin Lakes, NJ is located in Bergen County and has a population of over 27,000. The zip code 7417 has a median home value of $1,225,000 and a median household income of over $100,000. Over 60% of homes in the zip code are owner-occupied.

The average commute to work is only 26 minutes. Franklin Lakes also has excellent schools and plenty of amenities such as shopping, dining and entertainment.

There has been an increase in home equity values in the 7417 zip code since 2007. The average home value increased by 54%. In addition, the number of homes sold increased by 29%. This indicates that there is strong demand for housing in this area.

The reason for the increase in home values may be due to several factors including: low interest rates, increasing wages and improving economic conditions overall. Additionally, Franklin Lakes is located within close proximity to many popular areas such as Paramus and Hackensack which may also contribute to the high demand for housing here.