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Budd Lake, NJ Housing

 
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As of 2010-2014, median price of a house in Budd Lake is $316,600, which is about the same as the state average of $319,900 and is much higher than the national average of $175,700. The Budd Lake median house value has grown by 77.47% since 2000. The growth rate for the price of a house in Budd Lake is lower than the state average rate of 87.30% and is higher than the national average rate of 46.91%. The median year that a house in Budd Lake was built is 1976, which is newer than the median year for a house built in the state which is 1966 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,117 Owner Occupied Houses in Budd Lake, NJ, #246
Budd Lake, NJ
316,600 USD
New Jersey
319,900 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #290
Budd Lake, NJ
77.47%
New Jersey
87.30%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Budd Lake, NJNew JerseyU.S.
Total Housing Units3,374, see rank, 100%3,572,138132,741,033
Occupied Housing Units3,106, 92.06%, see rank89.26%87.55%
Owner Occupied2,117, 62.74%, see rank58.06%56.34%
Renter Occupied989, 29.31%, see rank31.20%31.21%
Vacant Housing Units268, 7.94%, see rank10.74%12.45%
For Rent133, 3.94%, see rank2.18%2.34%
For Sale Only47, 1.39%, see rank1.02%1.20%
Rented or Sold, Not Occupied26, 0.77%, see rank0.70%0.92%
For Seasonal, Recreational, or Occasional Use26, 0.77%, see rank3.72%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant36, 1.07%, see rank3.11%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #89
Budd Lake, NJNew JerseyU.S.
197619661976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Budd Lake, NJ%New JerseyU.S.
Owner-Occupied Units2,117100%2,073,91574,787,460
With a Mortgage1,81485.69%, see rank69.83%65.58%
Without a Mortgage30314.31%, see rank30.17%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Budd Lake, NJ
2,793 USD
New Jersey
2,428 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsBudd Lake, NJ%New JerseyU.S.
$299 or Less00.00%, see rank0.04%0.20%
$300 to $49900.00%, see rank0.35%1.59%
$500 to $69900.00%, see rank0.83%5.01%
$700 to $999412.26%, see rank2.80%14.32%
$1,000 to $1,499191.05%, see rank11.13%27.90%
$1,500 to $1,99935019.29%, see rank17.94%20.35%
$2,000 to $2,99967537.21%, see rank36.29%19.52%
$3,000 or More72940.19%, see rank30.63%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Budd Lake, NJ
26.50% of the Total Income
New Jersey
27.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Budd Lake, NJ%New JerseyU.S.
10% or Less1045.73%, see rank3.98%5.86%
10% to 20%43123.76%, see rank23.73%31.95%
20% to 30%49627.34%, see rank28.42%27.64%
30% to 40%30816.98%, see rank16.62%13.74%
40% or More47526.19%, see rank26.85%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Budd Lake, NJ
992 USD
New Jersey
972 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsBudd Lake, NJ%New JerseyU.S.
$199 or Less00.00%, see rank1.19%7.76%
$200 to $299185.94%, see rank1.66%14.70%
$300 to $499237.59%, see rank6.42%34.63%
$500 to $699227.26%, see rank13.17%21.16%
$700 or More24079.21%, see rank77.56%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Budd Lake, NJ
14.30% of the Total Income
New Jersey
18.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Budd Lake, NJ%New JerseyU.S.
10% or Less9330.69%, see rank21.71%40.19%
10% to 20%12340.59%, see rank32.37%31.47%
20% to 30%4113.53%, see rank16.94%12.24%
30% to 40%216.93%, see rank9.46%5.64%
40% or More258.25%, see rank18.56%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Budd Lake, NJNew JerseyU.S.
Total Housing Units3,374, 100%3,572,138132,741,033
1-unit, Detached2,315, 68.61%, see rank53.67%61.65%
1-unit, Attached76, 2.25%, see rank9.26%5.82%
2 Units77, 2.28%, see rank9.53%3.75%
3 or 4 Units135, 4.00%, see rank6.43%4.43%
5 to 9 Units95, 2.82%, see rank4.80%4.78%
10 or More Units676, 20.04%, see rank15.34%13.08%
Mobile Home, Boat, RV, Van, etc.0, 0.00%, see rank0.98%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Budd Lake, NJNew JerseyU.S.
Total Housing Units3,374, 100%3,572,138132,741,033
1 Room67, 1.99%, see rank2.71%1.95%
2 Rooms90, 2.67%, see rank2.15%2.48%
3 Rooms198, 5.87%, see rank10.30%9.13%
4 Rooms512, 15.17%, see rank15.19%16.60%
5 Rooms499, 14.79%, see rank16.72%20.41%
6 Rooms473, 14.02%, see rank16.15%18.06%
7 Rooms414, 12.27%, see rank12.48%12.27%
8 Rooms626, 18.55%, see rank10.49%8.48%
9 Rooms or More495, 14.67%, see rank13.81%10.60%
Median Rooms6.20, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Budd Lake, NJNew JerseyU.S.
Total Housing Units3,374, 100%3,572,138132,741,033
No Bedroom67, 1.99%, see rank2.88%2.17%
1 Bedroom821, 24.33%, see rank14.18%11.16%
2 Bedrooms486, 14.40%, see rank25.93%26.69%
3 Bedrooms819, 24.27%, see rank32.62%39.70%
4 Bedrooms1,019, 30.20%, see rank18.83%16.05%
5 or More Bedrooms162, 4.80%, see rank5.56%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Budd Lake, NJNew JerseyU.S.
Total Housing Units3,106, 100%3,188,498116,211,092
Utility Gas1,209, 38.92%, see rank74.16%48.85%
Bottled, Tank, or LP Gas161, 5.18%, see rank1.94%4.86%
Electricity470, 15.13%, see rank11.66%36.68%
Fuel Oil, Kerosene, etc.1,107, 35.64%, see rank11.10%5.86%
Coal or Coke17, 0.55%, see rank0.03%0.12%
Wood34, 1.09%, see rank0.44%2.12%
Solar Energy0, 0.00%, see rank0.03%0.05%
Other Fuel80, 2.58%, see rank0.32%0.47%
No Fuel Used28, 0.90%, see rank0.32%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalBudd Lake, NJNew JerseyU.S.
Occupied Units Paying Rent989, 100%1,077,46339,201,928
$199 or Less36, 3.64%, see rank1.46%1.50%
$200 to $2990, 0.00%, see rank3.04%3.18%
$300 to $4990, 0.00%, see rank3.86%7.37%
$500 to $69992, 9.30%, see rank4.64%16.01%
$700 to $999627, 63.40%, see rank19.19%29.17%
$1,000 to $1,499164, 16.58%, see rank40.89%26.88%
$1,500 to $1,99910, 1.01%, see rank17.11%9.79%
$2,000 or More60, 6.07%, see rank9.81%6.10%
Median$925, see rank$1,188$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Budd Lake, NJNew JerseyU.S.
Occupied Housing Units3,106, 100%3,188,498116,211,092
No Vehicles Available209, 6.73%, see rank11.70%9.12%
1 Vehicles Available875, 28.17%, see rank34.71%33.80%
2 Vehicles Available1,245, 40.08%, see rank36.16%37.48%
3 or More Vehicles Available777, 25.02%, see rank17.43%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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