Foreclosure Homes in Franklin Park, NJ

Current Market Conditions in Franklin Park, NJ

The real estate market in Franklin Park is currently experiencing steady growth due to the area's desirable location and amenities. Home prices have seen a moderate increase over the past year, driven by ongoing demand among families and individuals seeking stable neighborhoods with good schools.

Inventory in Franklin Park remains competitive, with a mix of single-family homes, townhouses, and some multi-family properties available. The area’s market is characterized by a healthy turnover, with many homes getting multiple offers, indicating strong buyer interest.

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.