Budd Lake, NJ is a great place to live with its median house value of $454,300. This amount is significantly higher than the US median house value of $338,100. Not only does Budd Lake offer high housing values but it also offers a larger rate of appreciation in comparison to the US appreciation rate of 8.27%. In the past year, Budd Lake experienced an appreciation rate of 10.13%. With these figures in mind, investing in housing in Budd Lake is an excellent option for prospective homeowners and investors alike.
The median home cost in Budd Lake is $454,300. Home appreciation the last 10 years has been 56.2%. Home Appreciation in Budd Lake is up 14.2%.
Average Age of Homes
- The median age of Budd Lake real estate is 42 years old
The Rental Market in Budd Lake
- Renters make up 29.3% of the Budd Lake population
- 0.0% of houses and apartments in Budd Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.