Franklin Lakes borough: Median Home Value Trend
How Franklin Lakes borough's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$975,000
2023
$1,217,500
Total change
+$242,500
% change
+24.9%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $975,000 | — |
| 2019 | $945,900 | $29,100 (-3%) |
| 2020 | $1,009,800 | +$63,900 (6.8%) |
| 2021 | $1,016,000 | +$6,200 (0.6%) |
| 2022 | $1,135,700 | +$119,700 (11.8%) |
| 2023 | $1,217,500 | +$81,800 (7.2%) |