Why Live in Budd Lake
Budd Lake, located in the heart of Mount Olive Township, NJ, is a picturesque community known for its natural beauty and outdoor activities. As the largest naturally formed lake in New Jersey, Budd Lake offers pristine waters and unspoiled shorelines, ideal for fishing, boating, and hiking. The town, home to over 10,000 residents, features a mix of converted summer homes and various architectural styles, including colonials, Cape Cods, ranch-style houses, and luxurious mansions. Residents enjoy lake life with activities like canoeing, kayaking, and paddleboarding at Budd Lake Beach Park, while Turkey Brook Park provides soccer fields, baseball, softball, and football facilities, along with tennis, volleyball, and basketball courts. The Pax Amicus Castle Theatre nearby offers community performances of Broadway and off-Broadway revivals. Dining options include the Budd Lake Diner, West Lake Take Out, and BJ's Sandwich Shop, catering to diverse tastes. The town is served by highly rated schools in the Mount Olive Township School District, including Mount Olive High School, Mount Olive Middle School, and Chester M. Stephens School. Commuters benefit from the town's proximity to major highways like Route 80 and I-287, with Newark Liberty International Airport 45 miles away and JFK Airport about 70 miles from Morris County. The Netcong NJ Transit station is conveniently located 3 miles from Budd Lake.
Frequently Asked Questions
What is the average home price in Budd Lake, NJ?
Homes for sale in Budd Lake, NJ have an average home price of $606,923.
How many homes have sold over the last 12 months in Budd Lake, NJ?
15 homes have sold in Budd Lake, NJ over the last 12 months.
What are the most popular zip codes in Budd Lake, NJ?
How much do you need to make to afford a house in Budd Lake?
The median home price in Budd Lake is $595,000. If you put a 20% down payment of $119,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,080 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $132K a year to afford the median home price in Budd Lake.
How are the schools in Budd Lake, NJ?
Home Trends in Budd Lake, NJ
On average, homes in Budd Lake, NJ sell after 17 days on the market compared to the national average of 70 days. The median sale price for homes in Budd Lake, NJ over the last 12 months is $590,000, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$590,000
Number of Homes for Sale
0
Last 12 months Home Sales
15
Median List Price
$595,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-19%