Mountain Lakes, NJ Real Estate

According to census data in the year 2000 there were 1,357 housing units in Mountain Lakes. This represents a 7% growth from 1,268 in 1990.

Of those housing units, 1,357 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Mountain Lakes is about 96.8%. Mountain Lakes's vacancy rate, including seasonal lodging, is about 2%. Average household size is 3.2 people.

The majority of houses, apartments or condos in Mountain Lakes were built after 1946.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.60%
Two Bedrooms6.10%
Three Bedrooms23.70%
Four Bedrooms37.40%
Five Bedrooms or more32.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.22
Median year structure was built1946
Median Value of occupied units$488,900
Median Price asked for vacant units$625,000

Rented Homes, Apartments and Condos

Average Household Size2.57
Median year structure was built1951
Median Monthly Rent asked for vacant units$1,125

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage5.90%
Home Equity Loan13.70%
Simple Mortgage58.30%
Debt Free21.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.7%