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2024 Compare Cities Housing:
Montclair, NJ vs Franklin Lakes, NJ

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Highlights
- The median age of a home in Montclair is 31.3% older than the median age of a home in Franklin Lakes.

Housing
 Montclair, NJFranklin Lakes, NJUnited States
 Median Home Age644442
 Median Home Cost$868,700$1,213,000$338,100
 Home Appr. Last 12 months13.9%12.7%16.6%
 Home Appr. Last 5 yrs.43.7%39.2%57.0%
 Home Appr. Last 10 yrs.66.2%51.6%101.1%
 Property Tax Rate$29.1$21.8$11.0
 Homes Owned58.0%84.5%57.4%
 Housing Vacant6.6%4.7%11.2%
 Homes Rented35.4%10.8%31.4%
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 Avg Rent For Home Or Apartment
 Montclair, NJFranklin Lakes, NJUnited States
 Average Rent$2,870$3,400$1,840
 Studio Apartment$1,610$2,000$1,080
 1 Bedroom Home or Apartment$1,900$2,390$1,180
 2 Bedroom Home or Apartment$2,290$2,780$1,430
 3 Bedroom Home or Apartment$2,910$3,450$1,860
 4 Bedroom Home or Apartment$3,410$4,340$2,160
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 Vacant Housing
 Montclair, NJFranklin Lakes, NJUnited States
 Vacant For Rent2.1%0.0%1.9%
 Vacant Rented0.1%0.0%0.4%
 Vacant For Sale0.2%2.5%0.7%
 Vacant Sold2.1%0.7%0.4%
 Vacant Vacation0.1%0.5%3.6%
 Vacant Other1.9%1.0%4.1%
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 Owner-Occupied Housing Value
 Montclair, NJFranklin Lakes, NJUnited States
 Less Than $20,0000.7%0.6%2.6%
 $20,000 to $39,9990.6%0.0%2.4%
 $40,000 to $59,9990.4%0.0%2.8%
 $60,000 to $79,9990.4%0.0%3.9%
 $80,000 to $99,9990.1%0.2%4.5%
 $100,000 to $149,9990.4%0.6%11.3%
 $150,000 to $199,9991.4%0.0%13.0%
 $200,000 to $299,9995.4%0.1%20.1%
 $300,000 to $399,99911.7%0.9%13.6%
 $400,000 to $499,99912.0%3.6%8.3%
 $500,000 to $749,99926.3%21.6%9.7%
 $750,000 to $999,99924.5%21.0%3.9%
 $1,000,000 to $1,499,99910.9%31.8%2.2%
 $1,500,000 to $1,999,9992.8%12.4%0.8%
 $2,000,000 and over2.3%7.3%1.1%
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 Housing Units By Year Built
 Montclair, NJFranklin Lakes, NJUnited States
 2015 and Newer0.0%1.3%0.2%
 2010 to 20143.8%14.4%13.6%
 2000 to 20093.8%14.4%13.6%
 1990 to 19992.3%7.3%13.6%
 1980 to 19893.4%17.7%13.2%
 1970 to 19794.7%17.8%14.8%
 1960 to 19692.3%7.3%13.6%
 1950 to 19599.2%10.8%10.0%
 1940 to 19495.9%1.7%4.7%
 1939 or Earlier59.8%4.7%12.2%

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Reviews for Franklin Lakes    2 Reviews

Over 14 years ago

It is a nice place to live near everything, ranches to multi million dollar home area, near all shopping, major transportation, 30 minutes to New  More

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Over 18 years ago

Franklin Lakes is a very affluent town to live in. The schools are excellent. I highly reccomend living  More

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ZIPS IN MONTCLAIR, NEW JERSEY
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ZIPS IN FRANKLIN LAKES, NEW JERSEY
07417

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