Rental market snapshot for Budd Lake, New Jersey

Budd Lake, New Jersey Rental Property Market Overview

Budd Lake is a small borough located in Morris County, New Jersey. It has a population of 6,845 people, according to the US Census in 2021. The town is known for its beautiful lake, which is the largest natural lake in the state. It is a popular spot for fishing, swimming, and other recreational activities. Budd Lake also has a variety of shops, restaurants, and other businesses that make it a great place to live and visit.

The average rent for an apartment in Budd Lake is $2,059. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Budd Lake New Jersey | Cost of Living

  • The most expensive ZIP code in Budd Lake is 07828 with an average price of $2,593.
  • The cheapest ZIP code in Budd Lake is 07828 with an average price of $2,593.

Budd Lake ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
107828$2,593

Live near Budd Lake, New Jersey's Top Sights and Attractions

Turkey Brook Park is a sprawling outdoor recreation area located in the heart of New Jersey. It features a variety of activities for visitors of all ages, including a large playground, a swimming pool, a fishing pond, a disc golf course, and several sports fields. The park also boasts a variety of walking and biking trails, as well as picnic areas and pavilions. With its lush green spaces and picturesque views, Turkey Brook Park is the perfect place to spend a day outdoors.

Budd Lake State Wildlife Management Area is a nature lover's paradise. Located in the rolling hills of northern New Jersey, the area is home to a variety of wildlife, including deer, foxes, and a variety of birds. The area is also home to a variety of trails, perfect for hiking, biking, and bird watching. The lake itself is a popular spot for fishing, boating, and swimming. With its abundance of natural beauty, Budd Lake State Wildlife Management Area is the perfect place to escape the hustle and bustle of everyday life.

Fla Net Park is an outdoor recreational area located in Budd Lake, New Jersey. It features a variety of activities for all ages, including a large playground, a fishing pond, a walking trail, and a picnic area. The park also offers a variety of sports courts, including basketball, volleyball, and tennis. There is also a large pavilion with tables and grills for outdoor gatherings. The park is open year-round and provides a great place to relax and enjoy nature.

Johnny on the Spot LLC is an outdoor adventure park located in Budd Lake, New Jersey. It offers a variety of activities, including paintball, laser tag, archery tag, and a ropes course. The park also features a picnic area, a snack bar, and a pro shop. It is a great place for families and friends to come together and have a fun day out.

Tulip Park is a beautiful outdoor attraction located in Budd Lake, New Jersey. It features a large lake surrounded by lush green grass, tall trees, and colorful tulips in bloom. Visitors can enjoy a peaceful stroll around the lake, take a boat ride, or simply relax and take in the stunning views. There are also picnic tables and benches for visitors to enjoy a meal or snack. The park is a great place to spend a day outdoors with family and friends.

Camelot Park is a family-friendly amusement park located in Budd Lake, New Jersey. It features a variety of rides and attractions, including a roller coaster, bumper cars, a carousel, a ferris wheel, and a mini-golf course. The park also has a snack bar, an arcade, and a picnic area. There are plenty of activities for kids of all ages, from toddlers to teens. Camelot Park is the perfect place for a day of fun and adventure.

South Rose Lane is a picturesque country road that winds through the rolling hills of rural New Jersey. The road is lined with lush trees and shrubs, and is a popular spot for nature lovers. Visitors can take a leisurely stroll along the road, or take a scenic drive to take in the breathtaking views of the surrounding countryside. Along the way, visitors can stop at the local farms and orchards to pick up fresh produce, or explore the nearby lakes and rivers. South Rose Lane is a great spot to relax and enjoy the beauty of nature.

Budd Lake, New Jersey area median rent change by ZIP code map

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How does Budd Lake compare to other cities in New Jersey?

citymedian price
Lawrenceship$2,790
Pembertonship$2,745
Hamburg$2,730
Secaucus$2,634
Little Egg Harborship$2,625
Neptuneship$2,600
Unionship$2,599
Little Ferry$2,525
Burlington$2,195
Stanhope$2,000

Average household income in Budd Lake area graph - US Census

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The median household income in Budd Lake in 2021 was $97,728. This represents a 15.2% change from 2011 when the median was $84,825.

#categorypercent
0Less than $10,0001.3%
1$10,000 to $14,9992.1%
2$15,000 to $19,9991.4%
3$20,000 to $24,9992.4%
4$25,000 to $29,9993.2%
5$30,000 to $34,9991.8%
6$35,000 to $39,9992.3%
7$40,000 to $44,9993.2%
8$45,000 to $49,9992.0%
9$50,000 to $59,9993.4%
10$60,000 to $74,99915.6%
11$75,000 to $99,99915.1%
12$100,000 to $124,99910.7%
13$125,000 to $149,9998.5%
14$150,000 to $199,99911.5%
15$200,000 or more15.3%

Neighborhoods in Budd Lake

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Budd Lake is $2,059.
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