HomeNew JerseyBergen CountyFranklin Lakes borough
Franklin Lakes borough, New Jersey: commercial real estate data.
Franklin Lakes borough 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.
76 sourced place values · tier FULL · 8 sections · 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$500,000
- 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
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bergen County, not Franklin Lakes
Bergen County context, not Franklin Lakes figures
These are Bergen County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Franklin Lakes measurements.
- Establishments in Bergen County31,818
- Employment at those establishments, Bergen County441,870
- Covered employment, Bergen County438,240
- Average annual pay, Bergen County$80,639
- Average weekly wage, Bergen County$1,551
- Housing units permitted, Bergen County3,329
- Of those, single family, Bergen County1,450
- County product, 2024, Bergen County$105,804,508,000
- County product change over the prior year, Bergen County3.9 percent
- Average income of an arriving household, Bergen County$129,007
Every figure in this section is published for Bergen County as a whole and is not a measurement of Franklin Lakes. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $8.0 m, across 14 lenders, median approval $150,000, plus 1 504 approvals worth $1.6 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Franklin Lakes figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.