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 Units by Size|
|Five Bedrooms or more||3%|
Owned Homes, Apartments and Condos
|Average Household Size||3.19|
|Median year structure was built||1963|
|Median Value of occupied units||$178,400|
|Median Price asked for vacant units||$185,700|
Rented Homes, Apartments and Condos
|Average Household Size||2.24|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$735|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||13.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||24.6%|