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Homes in Franklin Lakes, NJ

Franklin Lakes

Homes in Ridgewood, NJ

Ridgewood

By Slava Zborovsky · Updated

Franklin Lakes vs Ridgewood

Homes cost more in Franklin Lakes: a typical value of $1.64M against $1.27M in Ridgewood, about 29% higher.

  • Ridgewood has the lower average property tax bill: $20,596 against $20,718 in Franklin Lakes (2025).
  • Ridgewood has the higher-ranked high school option in U.S. News (#43 in New Jersey against #115 for Franklin Lakes).
  • By train, Ridgewood is the quicker commute to New York Penn (47 minutes at the fastest, against 55).
  • Values rose faster in Franklin Lakes over the past year (12.7% against 10.8%).

Franklin Lakes and Ridgewood, side by side

Franklin Lakes

Ridgewood

Typical home value (Zillow)
$1,643,000source$1,269,000source
Change in home value, past year
12.7%10.8%
Average property tax bill (2025)
$20,718source$20,596source
Effective tax rate (2025)
1.4%source1.944%source
High school
Ramapo HSRidgewood HS
Best high school option, NJ rank (U.S. News)
#115source#43source
Niche grade
AsourceA+source
Train to NY Penn (AM peak)
55-63 minutes from Waldwicksource47-56 minutessource
Own train station
NoYes
Road miles to the GW Bridge
18.513.3
Population
11,08426,308
Land area (sq mi)
9.4145.742
Median household income
$235,795$208,211
Owner-occupied homes
88.9%82.5%
NJ seller transfer costs at the typical value
$33,785$25,520

Bold marks the lower cost, higher-ranked school or shorter trip. Sources: Zillow Home Value Index (2026-08-31); NJ Treasury 2025 tax rates and average residential bills; U.S. News and Niche school rankings; NJ Transit timetables; U.S. Census ACS 2020-2024. Road miles calculated.

Full town guide

Franklin Lakes

Large lots, lakes and some of the biggest custom homes in Bergen County.

Full town guide

Ridgewood

A village downtown, classic architecture and a commuter's train station.

Franklin Lakes vs Ridgewood: questions

Is Franklin Lakes or Ridgewood more expensive?
Homes cost more in Franklin Lakes: a typical value of $1.64M against $1.27M in Ridgewood, about 29% higher.
Which has lower property taxes, Franklin Lakes or Ridgewood?
Ridgewood has the lower average property tax bill: $20,596 against $20,718 in Franklin Lakes (2025).
Which has better schools, Franklin Lakes or Ridgewood?
Ridgewood has the higher-ranked high school option in U.S. News (#43 in New Jersey against #115 for Franklin Lakes).

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