HomeNew JerseyBergen CountyFranklin Lakes
Franklin Lakes, New Jersey: commercial real estate data.
Franklin Lakes is a Census borough of 11,084 people across 9.41 square miles of land, in Bergen County. Median household income is $235,795, 88.9 percent of occupied homes are owned, and the SBA record carries 22 7(a) approvals to borrowers here worth $8.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Franklin Lakes
What Franklin Lakes is
- Census place typeborough
- Land area9.41 sq mi
- Water area0.47 sq mi
- Population per square mile of land1,177
- County holding the largest share of its areaBergen County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Lakes
How many people live in Franklin Lakes
- Population11,084
- Median age46.3
- Population under 182,818
- Share under 1825.4 percent
- Population 65 and over2,380
- Share 65 and over21.5 percent
- Households3,801
- Family households3,267
- Share of households that are families86.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Lakes
Income and work in Franklin Lakes
- Median household income$235,795
- Per capita income$105,713
- Civilian labor force5,190
- Employed5,072
- Unemployed118 plus or minus 69
- Unemployment rate2.3 percent plus or minus 1.3
- Adults 25 and over7,594
- Adults 25 and over with a high school diploma or higher97.7 percent
- Adults 25 and over with a bachelor degree or higher77.4 percent
- Adults 25 and over with a graduate degree33.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Lakes
Housing in Franklin Lakes
- Housing units3,878
- Occupied units3,801
- Vacant units77 plus or minus 65
- Vacancy rate2.0 percent plus or minus 1.7
- Owner occupied3,379
- Renter occupied422 plus or minus 117
- Ownership rate88.9 percent
- Median owner-occupied home value$1,264,000
- Median gross rent, monthly$3,230
- Annual rent as a share of median income16.4 percent
- Single family units3,561
- Share single family91.8 percent
- Units in buildings of two or more301 plus or minus 111
- Share in buildings of two or more7.8 percent plus or minus 2.8
- Mobile homes16 plus or minus 24
- Median year structure built1982
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Lakes
How Franklin Lakes gets to work
- Workers 16 and over who commute3,340
- Commuting under 15 minutes653 plus or minus 208
- Share commuting under 15 minutes19.6 percent plus or minus 5.8
- Commuting 30 minutes or more1,878
- Share commuting 30 minutes or more56.2 percent
- Drove alone52.3 percent
- Carpooled4.4 percent plus or minus 2.6
- Public transport6.6 percent plus or minus 2.7
- Walked1.1 percent plus or minus 1.3
- Worked from home32.3 percent plus or minus 7.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Lakes
SBA loans in Franklin Lakes (7(a))
- Approvals22
- Gross approval$8,029,000
- Average approval$364,955
- Median approval$150,000
- Ninetieth percentile approval$495,000
- Largest approval$2,110,000
- Jobs supported160
- Jobs per approval7.3
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more4.5 percent
- Share to franchises4.5 percent
- Distinct lenders14
- Distinct industries by NAICS15
Counted by borrower city: approvals to borrowers whose address is in Franklin Lakes, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin Lakes
SBA loans in Franklin Lakes (504)
- Approvals1
- Gross approval$1,563,000
- Average approval$1,563,000
- Median approval$1,563,000
- Largest approval$1,563,000
- Jobs supported5
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Franklin Lakes, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Franklin Lakes
Flood risk in Franklin Lakes
- NFIP communityBorough of Franklin Lakes
- NFIP community number340036
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date08/28/19
The Borough of Franklin Lakes participates in the National Flood Insurance Program as community 340036 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Bergen County, not Franklin Lakes
Bergen County context, not Franklin Lakes figures
- Establishments in Bergen County31,818
- Covered employment, Bergen County438,240
- Average annual pay, Bergen County$80,639
- Housing units permitted, Bergen County3,329
Every figure in this section is published for Bergen County as a whole and is not a measurement of Franklin Lakes.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Franklin Lakes questions, answered from the record.
How many people live in Franklin Lakes, New Jersey?
11,084, in 3,801 households. Franklin Lakes borough covers 9.41 square miles of land, which is 1,177 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin Lakes in?
Bergen County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin Lakes?
$235,795. The median owner-occupied home is valued at $1,264,000. Median gross rent is $3,230 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Franklin Lakes businesses?
22 7(a) approvals totaling $8.0 m since FY2020, across 14 lenders, median approval $150,000, plus 1 504 approvals worth $1.6 m since FY2010. These count approvals to borrowers whose address is in Franklin Lakes, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Franklin Lakes borrowers get paid back?
No rate is published for Franklin Lakes. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Franklin Lakes in the National Flood Insurance Program?
Yes. Franklin Lakes appears in the FEMA Community Status Book as Franklin Lakes, borough of, community 340036, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Franklin Lakes figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bergen County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin Lakes.
Is zoning published for Franklin Lakes?
No. Nothing on this page presents parcel level zoning.