Buying a Home in Franklin Lakes, NJ: Everything You Need to Know
Franklin Lakes offers a rare combination of privacy, natural beauty, and upscale living. With its spacious properties, wooded surroundings, and refined residential character, the town attracts buyers looking for more room to breathe without giving up access to schools, shopping, or commuter routes. If you’re considering buying a home in Franklin Lakes, this guide will walk you through what makes the area unique, what to expect from the market, and how to prepare for a smart and successful purchase.
Why Buyers are drawn to Franklin Lakes
Franklin Lakes is known for its calm, elevated lifestyle. Many homes sit on large lots, often tucked behind mature trees or long driveways, offering a sense of seclusion that can be hard to find in Bergen County. Buyers looking for space, privacy, and quality craftsmanship tend to gravitate here.
The town itself is quiet and beautifully maintained. While it lacks a traditional downtown, nearby towns like Wyckoff and Ridgewood provide dining, retail, and daily conveniences just minutes away. What Franklin Lakes offers in return is a quieter rhythm — less hustle, more retreat.
Schools are strong, the parks are well cared for, and the people who move here tend to stay. It’s a place built for long-term living.
What the Housing Market Looks Like Right Now
Franklin Lakes is one of the most affluent communities in the region, and its real estate reflects that. As of 2025, the median home price is just above $1.2 million. Buyers can expect to find a mix of architectural styles, including expanded colonials, brick-front homes, ranches, and custom estates.
Because lot sizes are larger, square footage tends to be more generous than in many other towns nearby. Buyers looking for four or five bedrooms, three-car garages, home offices, and outdoor entertaining space will find plenty of options here.
The market is steady but selective. Homes that are well-maintained and properly priced tend to move, but buyers in this range often take their time to find the right fit. A focused search, clear budget, and local expertise go a long way.
What To Know About Buying Here
Franklin Lakes is a town where lifestyle plays a central role in the decision to buy. Many homes here include features like home gyms, wine cellars, outdoor kitchens, and full guest suites. It’s not unusual to find homes with tennis courts or resort-style pools.
Some properties are part of private communities or associations, so buyers should ask about maintenance fees, restrictions, and shared amenities. Also, given the size of many homes, it’s important to factor in upkeep, taxes, and long-term maintenance.
Schools are part of the Ramapo Indian Hills district, and there are also private options in the surrounding area. The town is served by the Franklin Lakes Public Library and has several well-loved parks, including the scenic Franklin Lakes Nature Preserve.
How Commuting Works from Franklin Lakes
While Franklin Lakes does not have its own train station, many residents commute using nearby NJ Transit stations in Ridgewood or Glen Rock. For drivers, Route 208 and Route 287 provide easy access to major business hubs across northern New Jersey. Bus options to Port Authority are also available.
Most homes in Franklin Lakes require a car for errands, commuting, and daily life. In exchange, buyers get privacy, space, and a neighborhood feel that prioritizes calm over congestion.
Local Highlights Buyers Love
Nature is a major part of daily life in Franklin Lakes. The Franklin Lakes Nature Preserve offers trails, kayaking, and scenic views, making it a favorite spot for weekend walks or quiet afternoons outdoors.
Local dining includes Market Basket, The Chef’s Table, and Sushi Cocoro, all offering high-quality meals close to home. Residents also enjoy access to Indian Trail Club and nearby golf courses.
Boutique fitness studios, wellness centers, and shopping plazas nearby add convenience without sacrificing the town’s private, residential feel.
How To Buy Smart In Franklin Lakes
Buying in Franklin Lakes starts with clarity. Know what you’re looking for, what your budget can support, and what kind of lifestyle you want to create. These homes are investments — and finding the right one takes preparation.
Get pre-approved before you start seriously looking, and connect with an agent who understands the local market. Inventory moves slower than in more competitive towns, but buyers still need to be prepared when the right home comes along.
Touring in person is important. These homes often have unique layouts, finishes, and features that don’t always show fully online. Be ready to walk a few driveways and take your time.
Ready To Buy in Franklin Lakes?
If you're searching for privacy, space, and refined living, Franklin Lakes offers all of that and more. Whether you’re just starting the process or ready to take the next step, we’re here to guide you with insight, honesty, and local expertise.
