Franklin Lakes borough: Homeownership Rate Trend
How Franklin Lakes borough's homeownership rate 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
87.4%
2023
88.3%
Total change
+0.9 pp
% change
+1%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 87.4% | — |
| 2019 | 89.3% | +1.9 pp (2.2%) |
| 2020 | 89.3% | +0.0 pp (0%) |
| 2021 | 88.7% | -0.6 pp (-0.7%) |
| 2022 | 88.0% | -0.7 pp (-0.8%) |
| 2023 | 88.3% | +0.3 pp (0.3%) |