Foreclosure Homes in Franklin Park, NJ 08823

Current Market Conditions in Franklin Park, NJ

The real estate market in Franklin Park is currently experiencing a steady demand, with prices reflecting a healthy balance between affordability and rising home values. Homes are selling at a moderate pace, indicating a stable community growth and a desirable place to live.

In recent months, the market has shown some upward trends in pricing due to a combination of low inventory and continued demand from buyers. As more families look to settle in suburban areas post-pandemic, Franklin Park has seen a noticeable increase in home purchases and a competitive market.

Rent Prices In Franklin Park, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Park, NJ, is on a rollercoaster ride. The average rent price in Franklin Park, NJ, is $2,352.00. Indeed, when looking to rent in Franklin Park, NJ, you can expect to pay as little as $1,580.00 or as much as $5,450.00, with the average rent median estimated to be $2,290.00. The good news is that finding an affordable and desirable property to rent in Franklin Park, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.