Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Budd Lake area can be challenging. Home prices in Budd Lake are now at a median cost of $341,674, lower than the New Jersey average of $388,929.
The average cost of rent is $1,324/mo in Budd Lake, primarily driven by the current value of real estate in the Budd Lake area. While nearly 29.17% of residents own their homes outright in Budd Lake, 26.80% rent.
Housing affordability isn’t just about home prices, though. The average household income in Budd Lake is $9,359 per month. Households that rent pay about 14.14% of their income on rent here. Budd Lake's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Flanders, NJ: higher priced homes
- Stanhope, NJ: less expensive homes
- Netcong, NJ: less expensive homes
- Waterloo, NJ: less expensive homes
- Ledgewood, NJ: higher priced homes
- Succasunna, NJ: higher priced homes
- Hackettstown, NJ: less expensive homes
- Landing, NJ: equally priced homes
- Allamuchy, NJ: equally priced homes
- Long Valley, NJ: higher priced homes
Cities with Similar Populations
- Bull Mountain, OR: higher priced homes
- Carbondale, CO: higher priced homes
- Valley, AL: less expensive homes
- Canal Fulton, OH: less expensive homes
- Camillus, NY: less expensive homes
- Van Wert, OH: less expensive homes
- Vernon, NJ: less expensive homes
- Loomis, CA: higher priced homes
- Vine Grove, KY: less expensive homes
- Wabash, IN: less expensive homes
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