Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Franklin Lakes, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Franklin Lakes, NJ and much more. Save thousands at closing with home foreclosure listings in Franklin Lakes, NJ — up to 75% off market value!
Franklin Lakes is located in Bergen, New Jersey, with an estimated municipal population of 11,119 residents. All of the best foreclosed homes for sale in Franklin Lakes are located in the following zip code areas on Foreclosure.com: 07417. The estimated population per square kilometer (.62 miles) in Franklin Lakes is 456.
So, about how much do homes cost in Franklin Lakes? The most recent median value of resident-owned homes in Franklin Lakes is 946,839. An estimated 89.3 percent of households in Franklin Lakes own their homes, with an average family size of 3.14. The median household income in Franklin Lakes is 172,766, with74.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Franklin Lakes, the median commute time of resident workers (in minutes) is 34.1. And last, but certainly not least, are you looking for homes to rent in Franklin Lakes? If so, the average rent price paid by renters in Franklin Lakes is 2,642, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Franklin Lakes, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Franklin Lakes is 48.3, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Franklin Lakes is 67, with an average family size of 3.14.
The percentage of residents who report their race in Franklin Lakes is as follows:
|Black / African American||2.6%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0.4%|
Looking for family-friendly neighborhoods in and/or near Franklin Lakes? Or maybe you are searching for 55+ active adult communities in and/or near Franklin Lakes?
The percentage of residents who report their age in Franklin Lakes is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Franklin Lakes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Franklin Lakes.
How do you know that living in -- or moving to -- Franklin Lakes is right where you need to be? Perhaps you grew up in Franklin Lakes or already live nearby; therefore, the decision to buy a home in Franklin Lakes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Franklin Lakes for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Franklin Lakes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Franklin Lakes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Franklin Lakes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Franklin Lakes, meanwhile, can field multiple offers from more qualified buyers.