Market Overview
Home Prices in Budd Lake, NJ
The median home value in Budd Lake, NJ is $548,002 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Budd Lake are priced34% above average. Budd Lake is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Budd Lake home values have risen by approximately36.6%, reflecting strong long-term appreciation in this market.
Price History
Budd Lake Home Price Trend
City Comparison
Budd Lake vs. National Median
At $548,002, homes in Budd Lake cost 34% above the national median of $410,000. Buyers in Budd Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Budd Lake?
20% Down Payment
$109,600
on $548,002
Monthly P&I
$2,858/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,630/mo
incl. taxes & insurance
Income Needed
$145,200
gross annual (30% rule)
10% Down Option
$54,800
+ PMI applies
Loan Amount (20% dn)
$438,402
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Budd Lake, NJ?
The median home value in Budd Lake is $548,002 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Budd Lake?
Over the past year, home values in Budd Lake have increased by 2%. Over five years, prices have risen approximately 36.6%.
How much do I need to earn to buy a home in Budd Lake?
To comfortably afford the median home price of $548,002 with a 20% down payment ($109,600) at today's rates (6.8%), you'd need a gross annual income of approximately $145,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Budd Lake compare to the national average home price?
The national median home value is approximately $410,000. At $548,002, homes in Budd Lake are 34% above the national average.
What metro area is Budd Lake part of?
Budd Lake is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.