Budd Lake

Budd Lake

Located in Morris County

$329 Average Price per Sq Ft
11 Homes For Sale

An outdoorsy town with postcard views of Budd Lake

In the heart of Mount Olive Township, Budd Lake is a unique gem among New Jersey's natural wonders. It is the largest naturally formed lake in the state, setting it apart from other lakes in the area that have been altered or created by human intervention. The lake's pristine waters and unspoiled shoreline provide a tranquil escape for visitors and residents alike. Surrounded by lush greenery and rolling hills, Budd Lake offers a scenic backdrop for outdoor activities, including fishing, boating and hiking. Anglers can cast their lines and try their luck at catching various fish species, including largemouth bass, pickerel and sunfish. Boating enthusiasts can enjoy leisurely rides on the lake's calm waters, taking in the breathtaking views and the serene atmosphere. Beyond its natural beauty, Budd Lake is also a vibrant community. With over 10,000 residents, the town exudes a charming suburban feel. Many families and young professionals choose to make Budd Lake their home, drawn by its excellent public schools, the great outdoors and easy access to New York City. Its convenient location in Morris County provides easy access to major highways, making it a commuter-friendly town for those working in nearby cities.

Summer homes converted into full-time residences

With some homes surrounding the glacial body of water, residents wake up to sunrises on the water. "Most of Budd Lake's real estate is a lot of summer homes converted into full-time residences," says Realtor Patrick Bolger with The Holmquist Group of Keller Williams Metropolitan. Houses here run the gamut, from quaint to modest colonials, Cape Cods and ranch-style houses to luxurious colonials and some millennium mansions. "You can find a three-bathroom, one-bath ranch style with a finished basement for $329,000, a bi-level with three bedrooms, one bathroom, and a two-car garage for $449,900, or a wholly reconstructed colonial with four bedrooms and three bathrooms for $549,000," says Bolger.

Some Budd Lake homes feature beautiful stonewalls.
Some Budd Lake homes feature beautiful stonewalls.
Residents of Budd Lake often have views of the lake and even private docks
Residents of Budd Lake often have views of the lake and even private docks
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Boating and water sports at Budd Lake Beach Park

If the neighborhood name wasn't enough of a hint, lake life is a thing here. "During the summertime, everyone is out there," Bolger says. "You can find people fishing, tubing and sometimes you'll see sailboats out on the water." Residents and visitors can canoe, kayak or try balancing on a paddleboard. There's also a small beach with ample sunlight for basking. For those who prefer the outdoors on land, there is plenty to explore at Turkey Brook Park, including soccer fields, baseball, softball and football. There are tennis, volleyball and basketball courts, as well as a meandering walking trail.

Boats prepared for the summer season on Budd Lake
Boats prepared for the summer season on Budd Lake
Vessels ranging from small rowboats and kayaks to larger motor boats can be found on Budd Lake.
Vessels ranging from small rowboats and kayaks to larger motor boats can be found on Budd Lake.
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Performances at the Pax Amicus Castle Theather, including Peter Pan

Located near Budd Lake, the Pax Amicus Castle Theatre is a community performing arts theater that stages Broadway and off-Broadway revivals throughout the year. In recent years, they have performed works such as Romeo and Juliet, The Tales of Edgar Allan Poe and Peter Pan.

Favorite local eateries, including Budd Lake Diner

After a day at the lake, have a bite to eat at the Budd Lake Diner. "The food here is delicious. It's been here forever," Bolger says. "A typical Jersey diner with its old-timey décor, it has a little bit of everything." Enjoy a classic hamburger, a tuna melt with a side of fries and cole slaw or chicken parmesan sliders. Locals enjoy West Lake Take Out for its Chinese offerings like spring rolls, lo mein and beef with broccoli. Or, grab some sandwiches from BJ's Sandwich Shop and bring them to the lake. There are cold sandwiches like turkey with fresh mozzarella and roasted peppers or hot subs like meatball parmigiana or sausage and pepper. On Route 46, which runs through Budd Lake, you can find the small businesses that keep life humming along, like dry cleaners and nail salons, a grocery store, and, of course, the Budd Lake fire department.

Enzo's Ristorante & Pizzeria is the place to grab a slice or have a family dinner in Budd Lake.
Enzo's Ristorante & Pizzeria is the place to grab a slice or have a family dinner in Budd Lake.
The Budd Lake Diner has been a local institution for decades.
The Budd Lake Diner has been a local institution for decades.
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Three A-rated schools in the Mount Olive Township School District

Kids can attend three great schools in the Mount Olive Township School District, including Mount Olive High School, which has an A rating on Niche for its college prep, academics and diversity. There, students can apply for several honor societies like history, music, art, English and the International Thespian Society. Mount Olive Middle School, also an A-rated Niche institution, is known for its acclaimed applied music and theory courses, and arts and 3D printing programs. Chester M. Stephens School, an A-rated elementary school, has a language arts program with special area classes in art, music, library science and physical education.

Aerial view of the Mount Olive Marauders football field in Turkey Brook Park in Budd Lake
Aerial view of the Mount Olive Marauders football field in Turkey Brook Park in Budd Lake
Aerial view of Chester M Stephens School in Budd Lake
Aerial view of Chester M Stephens School in Budd Lake
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Driving is easy to and from Morris County

Residents and visitors can drive to Budd Lake around New Jersey via Route 80 heading West or eastbound and on I-287 heading Northwest. Newark Liberty International Airport is approximately 45 miles from Budd Lake. John F Kennedy International Airport is about 70 Miles from Morris County. The Netcong NJ Transit station in Morris County is about 3 miles from Budd Lake Township.

Gabrielle Golenda
Written By
Gabrielle Golenda
Matt Ferguson
Video By
Matt Ferguson

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Budd Lake Housing Trends

Housing Trends

Median List Price
$575,000
Median Sale Price
$590,000
Median Single Family Sale Price
$556,000
Median Townhouse Sale Price
$610,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
54
Median Home Sale Price YoY Change
$17
Average Price Per Sq Ft
$329

Neighborhood Facts

Number of Homes for Sale
11
Months of Supply
2.40

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Budd Lake Has More Owners

Demographics

Total Population
10,337
Median Age
41
Population under 18
25%
On par with the national average
23.8%
Population over 65
15.2%
On par with the national average
19.1%

Finances

Median Household Income
$104,126
Significantly above the national average
$71,702
Average Household Income
$138,440

Education and Workforce

High School Graduates
94%
College Graduates
50.6%
Above the national average
34.1%
Advanced Degrees
23.4%
% Population in Labor Force
76.1%
Above the national average
65.1%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Budd Lake
Anjum Razi
LEGACY REALTY GROUP