What percentage of people rent in Franklin Lakes Borough, NJ?

Name: Renters and owners in Franklin Lakes Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

11.1% (±2.9 points) of the occupied homes in Franklin Lakes Borough, NJ are rented (2020–2024 American Community Survey).

That is 422 renting households against 3,379 that own their home.

In Franklin Lakes Borough, the share of households that rent went from 10.7% in 2015–2019 to 11.1% in 2020–2024 (+0.4 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 11.1% (±2.9 points)
Renting households: 422 (±117)
Median renter income: $117,800 (±$27,829)

Who rents and who owns in Franklin Lakes Borough

Tenure, estimate (90% margin of error)
	Franklin Lakes Borough	Bergen County	New Jersey	United States
Renter-occupied share	11.1% (±2.9 points)	34.7% (±0.7 points)	36.2% (±0.2 points)	34.8%
Renting households	422 (±117)	123,102 (±2,634)	1,268,573 (±8,082)	45,017,354
Owning households	3,379 (±207)	232,025 (±2,535)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.0 (±0.4)	2.3 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.0 (±0.2)	2.9 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$117,800 (±$27,829)	$74,953 (±$1,923)	$62,674 (±$718)	$52,966
Median owner household income	$247,027 (±$11,267)	$160,914 (±$2,251)	$133,477 (±$624)	$100,009

In Franklin Lakes Borough, the renter share is lower than in Bergen County (34.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Bergen County, Franklin Lakes Borough ranks 55 of 70 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 433 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Franklin Lakes Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	10.7% (±2.4 points)	11.1% (±2.9 points)	+0.4 percentage points	Not a measurable change
Median gross rent	$2,642 (±$175)	$3,230 (±$207)	+22.3%	No measurable change after inflation
Median household income	$172,766 (±$18,490)	$235,795 (±$26,395)	+36.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Franklin Lakes Borough

Nearest places with a published estimate, compared with Franklin Lakes Borough
Place	Distance	Households that rent	Compared with this place
Franklin Lakes Borough	—	11.1% (±2.9 points)	—
Wyckoff Township	2.0 mi	7.3% (±2.1 points)	Lower
Oakland Borough	2.4 mi	7.1% (±3.1 points)	Not measurably different
Pines Lake	3.1 mi	1.2% (±1.8 points)	Lower
North Haledon Borough	3.2 mi	6.3% (±3.2 points)	Lower
Midland Park Borough	3.5 mi	27.4% (±8.1 points)	Higher
Allendale Borough	4.1 mi	18.6% (±7.9 points)	Not measurably different
Waldwick Borough	4.2 mi	12.1% (±3.7 points)	Not measurably different
Pompton Lakes Borough	4.2 mi	19.6% (±6.7 points)	Higher

Nearby places with a measurably lower figure: Wyckoff Township, NJ (7.3%), Pines Lake, NJ (1.2%), North Haledon Borough, NJ (6.3%).

Nearby places with a measurably higher figure: Midland Park Borough, NJ (27.4%), Pompton Lakes Borough, NJ (19.6%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Bergen County, place by place

Rank	Place	Households that rent
49	Ridgewood Village	17.5% (±3.0 points)
50	Paramus Borough	17.4% (±3.5 points)
51	Englewood Cliffs Borough	16.5% (±5.8 points)
52	Saddle River Borough	15.9% (±8.6 points)
53	Woodcliff Lake Borough	13.7% (±5.7 points)
54	Waldwick Borough	12.1% (±3.7 points)
55	Franklin Lakes Borough	11.1% (±2.9 points)
56	River Vale Township	10.0% (±3.8 points)
57	Glen Rock Borough	9.8% (±4.8 points)
58	Oradell Borough	9.3% (±3.2 points)
59	Upper Saddle River Borough	8.9% (±4.3 points)
60	Emerson Borough	8.2% (±4.0 points)
61	Harrington Park Borough	7.7% (±4.0 points)

Showing 13 of 70 places in Bergen County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Franklin Lakes Borough

How many renters are there in Franklin Lakes Borough?

Franklin Lakes Borough has an estimated 422 (±117) renting households, 11.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Franklin Lakes Borough?

In Franklin Lakes Borough, the share of households that rent went from 10.7% in 2015–2019 to 11.1% in 2020–2024 (+0.4 percentage points), not a measurable change.

How big are renting households in Franklin Lakes Borough?

A renting household in Franklin Lakes Borough has 2.0 people on average, against 3.0 in an owned home.

How much do renters earn in Franklin Lakes Borough?

The median renting household in Franklin Lakes Borough, NJ has an income of $117,800 (±$27,829) a year, against $247,027 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Franklin Lakes borough, Bergen County, New Jersey (county subdivision:24990, in state:34 county:003).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.