Morris County · New York-Newark-Jersey City · population 9,784
Where Budd Lake stands
At or near all-time high. rents up 20.1% in the last year.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
Rent trajectory · last 5 years
Zillow ZORI · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 20.6 price-to-rent ratio, the math is starting to lean toward renting in Budd Lake. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.
How the momentum score breaks down
methodology →Budd Lake has held up across the cycle: home values at $559,654 with +6.9% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Budd Lake's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.
About Budd Lake
Budd Lake is a city in Morris County, New Jersey, with an estimated population of 9,784. It anchors the New York-Newark-Jersey City metro area. The median home value in Budd Lake is $559,654 as of 2026-04, up 2.2% over the last 12 months. Over the last five years, home values have averaged +6.9% annual growth, with prices at or near the 5-year peak. Rents in Budd Lake average $2,269 per month, up 20.1% year-over-year. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.
▲ Bull case
▼ Bear case
Playbook
You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.
Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.
Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.
Local safety & alerts
No active National Weather Service alerts for Morris County right now.
Public-safety links are official .gov sources, not curated by us. Morris County routes NWS alerts; check the state EM portal for non-weather emergencies.
Cities like Budd Lake
Run the numbers for Budd Lake
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Local sports teams
Major professional teams the New York-Newark-Jersey City area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Current weather
Find rentals & listings
Open current Budd Lake listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
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