Home prices
The price of the median home in Budd Lake is $340,300. In comparison to its surrounding areas this is approximately $36,860 (12%) higher.It is roughly $122,800 (56%) higher in comparison to the nation as a whole, and is roughly $265,700 (43%) lower in comparison to the city of New York.
Rents
In Budd Lake the median monthly rent is $1,216. This is roughly $348 (22%) lower compared to nearby areas.It is about $154 (14%) higher compared to the entire country, and in comparison to the city of New York it is roughly $227 (15%) lower.
Nearby places
Netcong
Netcong is about 2 miles northeast of Budd Lake. Its real estate prices are somewhat less expensive. The cost of the median home in Netcong is $273,000, which works out to $67,300 (24%) lower than Budd Lake. The rent there is fairly similar. Netcong's median monthly rent is $1,166, which works out to $50 (4%) lower than Budd Lake.
Stanhope
Stanhope is about 3 miles northeast of Budd Lake. The housing prices there are substantially less expensive. The median home in Stanhope costs $247,400, which works out to $92,900 (37%) lower than Budd Lake. Rents there are a little more expensive. In Stanhope the median rent is $1,657 a month, which is $441 (26%) higher than Budd Lake.
Succasunna
Succasunna is about 3 miles southeast of Budd Lake. Housing prices there are a bit more expensive. The median home in Succasunna costs $399,500, which comes out to $59,200 (14%) higher than Budd Lake. Its rents are substantially more expensive. In Succasunna the median monthly rent is $2,250, which is $1,034 (45%) higher than Budd Lake.
Hackettstown
Hackettstown is roughly 4 miles west of Budd Lake. Housing prices there are somewhat less expensive. The median home in Hackettstown costs $274,300, which is $66,000 (24%) lower than Budd Lake. The rent there is pretty similar. The median monthly rent in Hackettstown is $1,182, which works out to $34 (2%) lower than Budd Lake.
Kenvil
Kenvil is roughly 4 miles east of Budd Lake. Its real estate prices are a bit less expensive. The median home in Kenvil costs $323,000, which is $17,300 (5%) lower than Budd Lake. Rents there are a little more expensive. The median rent in Kenvil is $1,567 a month, which comes out to $351 (22%) higher than Budd Lake.
