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Advertise here →Budd Lake, NJ · Market Data
Budd Lake, New Jersey real estate market data.
Real estate market data for Budd Lake, NJ (Morris County) — Census median home value $437,200, county listing prices up about 2.5% over the past year.
Budd Lake, NJ is in Morris County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 10,106, with a median household income of $113,036. Census data puts Budd Lake's median home value at $437,200 (all owner-occupied homes); Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
At a glance
Budd Lake market snapshot
Population
10,106
Median Household Income
$113,036
Median Home Value (city)
$437,200
Median Listing Price (Morris County)
$742,000
Median Gross Rent
$1,326/mo
Price Trend (YoY)
+2.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Budd Lake different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Budd Lake's median home value — across all owner-occupied homes, not just recent sales — at $437,200. Separately, Morris County's current median listing price (via Realtor.com data, 2026-06-01) runs $742,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Population & Income
Budd Lake has an estimated population of 10,106 and a median household income of $113,036, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Budd Lake's Census-reported median home value works out to about 3.9x the area's median household income, and median gross rent runs roughly 14% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Budd Lake FAQ
What are home values like in Budd Lake, NJ?
The Census Bureau's American Community Survey puts Budd Lake's median home value at $437,200. Morris County's current median listing price runs $742,000, up about 2.5% over the past year.
What is the population of Budd Lake, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Budd Lake's population at approximately 10,106.
What's the median rent in Budd Lake, NJ?
The Census ACS estimates median gross rent in Budd Lake at approximately $1,326 per month.
What is the median household income in Budd Lake, NJ?
Census ACS data puts the median household income in Budd Lake at approximately $113,036.
Is the Budd Lake housing market growing?
Morris County's FHFA house price index shows a 5.88% annual change in 2025.
Is Budd Lake, NJ affordable relative to income?
Census ACS data puts Budd Lake's median home value at about 3.9 times the median household income, with median gross rent equal to roughly 14% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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