Is Franklin Lakes, NJ a good place to invest in rental property?

Franklin Lakes, NJ has a median modeled monthly cash flow of $-3,409 and a median cap rate of 1.2%, on a median sold price of $1,467,000. Prices changed +37.8% year over year.

What is the average cap rate in Franklin Lakes, NJ?

The median cap rate across recently sold homes in Franklin Lakes, NJ is 1.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Franklin Lakes, NJ?

The median sold price in Franklin Lakes, NJ is $1,467,000 (about $486 per square foot).

Investing in Franklin Lakes, NJ Real Estate

A data-driven snapshot of the Franklin Lakes, NJ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$1,467,000Median sold price

$486Median $/sqft

1.2%Median cap rate

$-3,409Modeled cash flow / mo

+37.8%Appreciation YoY

0.2Months of supply

3Active listings

180Sold (last 12 mo)

What the Franklin Lakes numbers say

In Franklin Lakes, NJ, the median home sold for $1,467,000 (about $486 per square foot), and the typical deal models out to a 1.2% cap rate with a median $-3,409 of monthly cash flow. Sold prices moved +37.8% over the past year. Inventory sits at about 0.2 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Franklin Lakes cash-flowing listings

CashFlowRE ranks every for-sale home in Franklin Lakes, NJ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Franklin Lakes deals, or browse the national market data.