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2026 Compare Cities Housing:
Budd Lake, NJ vs Hanover, NJ

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Highlights
- The median age of a home in Budd Lake is 2.1% older than the median age of a home in Hanover.
 Budd Lake, NJHanover, NJUnited States
 Median Home Age47  Unlock42
 Median Home Cost  Unlock$646,100$338,100
 Home Appr. Last 12 months14.2%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock29.3%57.0%
 Home Appr. Last 10 yrs.56.2%  Unlock101.1%
 Property Tax Rate  Unlock$22.0$11.0
 Homes Owned75.2%  Unlock57.4%
 Housing Vacant  Unlock3.0%11.2%
 Homes Rented23.0%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Budd Lake, NJHanover, NJUnited States
 Average Rent  Unlock$2,920$1,840
 Studio Apartment$1,020  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,940$1,180
 2 Bedroom Home or Apartment$1,450  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,960$1,860
 4 Bedroom Home or Apartment$2,170  Unlock$2,160
 space1
 Vacant Housing
 Budd Lake, NJHanover, NJUnited States
 Vacant For Rent  Unlock0.7%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.2%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock0.4%3.6%
 Vacant Other0.0%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Budd Lake, NJHanover, NJUnited States
 Less Than $20,000  Unlock0.0%2.6%
 $20,000 to $39,9991.1%  Unlock2.4%
 $40,000 to $59,999  Unlock0.0%2.8%
 $60,000 to $79,9990.0%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9990.0%  Unlock11.3%
 $150,000 to $199,999  Unlock0.4%13.0%
 $200,000 to $299,99917.0%  Unlock20.1%
 $300,000 to $399,999  Unlock11.8%13.6%
 $400,000 to $499,99919.9%  Unlock8.3%
 $500,000 to $749,999  Unlock45.1%9.7%
 $750,000 to $999,9993.3%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock1.5%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
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 Housing Units By Year Built
 Budd Lake, NJHanover, NJUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock9.4%13.6%
 2000 to 20096.7%  Unlock13.6%
 1990 to 1999  Unlock17.0%13.6%
 1980 to 19899.9%  Unlock13.2%
 1970 to 1979  Unlock16.2%14.8%
 1960 to 19699.2%  Unlock13.6%
 1950 to 1959  Unlock20.8%10.0%
 1940 to 194912.4%  Unlock4.7%
 1939 or Earlier  Unlock4.3%12.2%
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Learn More About Budd Lake, New Jersey
Overview
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Learn More About Hanover, New Jersey
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