Real Estate Investing in Franklin Lakes, New Jersey (07417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 07417 (Franklin Lakes, NJ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Tenant-protective state: Landlord rating 1.0/5 — slower evictions, more regulations.
- High price-to-rent: Price-to-rent ratio 35.3 — hard to cash-flow at these prices.
What’s happening in Franklin Lakes, NJ (07417)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 07417 Franklin Lakes
Not every below-median market is a bargain. Franklin Lakes's 07417 ZIP registers signals that favor experienced operators who can absorb the risk $1.6M pricing implies.
For an experienced owner, 07417 can be a an appealing option for hunting ground — but the discount at $1.6M reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 07417 among NJ's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 07417 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 07417 is an operator game, not a passive one. Put differently, entry prices of $1.6M are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Franklin Lakes:
Property Strategy for 07417
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $969,340 | $4,260 | 3.2% | +8.6% | $323,113 |
| 4BR | $1,364,176 | $5,430 | 2.9% | +10.2% | $341,044 |
| 5BR | $2,082,819 | — | — | +10.3% | $416,564 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 07417 Compare?
| Metric | 07417 | Franklin Lakes | New Jersey |
|---|---|---|---|
| Home Value | $1,649,638 | $1,649,638 | $559,826 |
| 5-Year CAGR | 8.7% | 8.7% | 8.4% |
| Avg Rent | $3,895 | $3,895 | - |
| Cap Rate | 1.8% | 1.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 07417 (Franklin Lakes, NJ). Anonymous, moderated, never written by AI.
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Property managers serving Bergen County
Manage rentals here? List your business →First National Realty Management, LLC offers tenant services including registration, maintenance requests, and notary services. summary from their website
MEM Property Management Corporation offers property management, construction, collection, and insurance services, helping clients enjoy their homes. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,649,638 |
| Monthly Rent | $3,895 |
| Price-to-Rent | 35.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +13.9% ▲ |
| 3-Year CAGR | +9.1% ▲ |
| 5-Year CAGR | +8.7% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 07417
Population: 11,035
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 07417
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dwight D. Eisenhower Middle School
Indian Hills High School
Valley Middle School
Dogwood Hill Elementary School
Manito Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,926 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Franklin Lakes, NJ?
Yes - Franklin Lakes, NJ a 3.0/5 investability score. With $1.6M home prices against $3,895/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do landlords charge for rent in Franklin Lakes, NJ?
Rent in Franklin Lakes, NJ is around $3,895/mo. The resulting rent-to-value relationship with $1.6M pricing is reasonable for most investor models.
What are home prices like in Franklin Lakes, NJ?
The median home value in Franklin Lakes, NJ is roughly $1.6M. That puts it reasonable relative to the NJ statewide average.
Is Franklin Lakes, NJ better for rentals, flips, or BRRRR?
Franklin Lakes, NJ investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.6M prices, $3,895/mo rents) make it a reasonable choice.
Is Franklin Lakes, NJ good for landlords?
Franklin Lakes, NJ falls under NJ landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.
You know 07417 now. You don’t know where it ranks.
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How 07417 ranks in New York-Newark-Jersey City, NY-NJ-PA
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