Budd Lake, NJ Real Estate
According to census data in the year 2000 there were 2,997 housing units in Budd Lake.
This represents a 11.2% growth from 2,694 in 1990.
Of those housing units, 2,785 were located in either urbanized areas or urban clusters, and 212 were located in what is classified as a rural area.
Homeownership rate in Budd Lake is about 67.9%.
Budd Lake's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.89 people.
The majority of houses, apartments or condos in Budd Lake were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 21.10% |
| Two Bedrooms | 20.60% |
| Three Bedrooms | 28.80% |
| Four Bedrooms | 25.60% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.19 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $178,400 |
| Median Price asked for vacant units | $185,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $735 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 13.90% |
| Simple Mortgage | 65.60% |
| Debt Free | 12.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 24.6% |
