There are currently 3,004 real estate properties in Budd Lake, NJ, with a median automated valuation model (AVM) price of $363,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Budd Lake, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Budd Lake, NJ, is $372,980.00, with the most expensive house in Budd Lake, NJ, topping out at $1,100,000.00 and the cheapest home in Budd Lake, NJ, clocking in at $126,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Budd Lake, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Budd Lake, NJ, is on a rollercoaster ride. The average rent price in Budd Lake, NJ, is $2,094.00. Indeed, when looking to rent in Budd Lake, NJ, you can expect to pay as little as $1,130.00 or as much as $4,240.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Budd Lake, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Budd Lake, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Budd Lake, NJ and much more. Save thousands at closing with home foreclosure listings in Budd Lake, NJ — up to 75% off market value!
Budd Lake is located in Morris, New Jersey, with an estimated municipal population of 9,743 residents. All of the best foreclosed homes for sale in Budd Lake are located in the following zip code areas on Foreclosure.com: 07828 07836. The estimated population per square kilometer (.62 miles) in Budd Lake is 690.
So, about how much do homes cost in Budd Lake? The most recent median value of resident-owned homes in Budd Lake is 337,227. An estimated 68.8 percent of households in Budd Lake own their homes, with an average family size of 3.18. The median household income in Budd Lake is 90,956, with46.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Budd Lake, the median commute time of resident workers (in minutes) is 33.9. And last, but certainly not least, are you looking for homes to rent in Budd Lake? If so, the average rent price paid by renters in Budd Lake is 1,216, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Budd Lake, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Budd Lake is 37.2, split between 54.1 percent male versus 45.9 female. The percentage of residents who report being married in Budd Lake is 56.4, with an average family size of 3.18.
The percentage of residents who report their race in Budd Lake is as follows:
|Black / African American||6.3%|
|American Indian / Alaskan Native||0.9%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Budd Lake? Or maybe you are searching for 55+ active adult communities in and/or near Budd Lake?
The percentage of residents who report their age in Budd Lake is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Budd Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Budd Lake.
How do you know that living in -- or moving to -- Budd Lake is right where you need to be? Perhaps you grew up in Budd Lake or already live nearby; therefore, the decision to buy a home in Budd Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Budd Lake for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Budd Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Budd Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Budd Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Budd Lake, meanwhile, can field multiple offers from more qualified buyers.