Budd Lake, NJ Real Estate

According to census data in the year 2000 there were 2,997 housing units in Budd Lake. This represents a 11.2% growth from 2,694 in 1990.

Of those housing units, 2,785 were located in either urbanized areas or urban clusters, and 212 were located in what is classified as a rural area.

Homeownership rate in Budd Lake is about 67.9%. Budd Lake's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.89 people.

The majority of houses, apartments or condos in Budd Lake were built after 1969.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom21.10%
Two Bedrooms20.60%
Three Bedrooms28.80%
Four Bedrooms25.60%
Five Bedrooms or more3%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.19
Median year structure was built1963
Median Value of occupied units$178,400
Median Price asked for vacant units$185,700

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1973
Median Monthly Rent asked for vacant units$735

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.30%
Home Equity Loan13.90%
Simple Mortgage65.60%
Debt Free12.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs24.6%