Is Budd Lake, NJ growing?
Budd Lake, NJ had an estimated 10,650 (±931) residents in 2020–2024, against 9,743 in 2015–2019.
That is a change of +9.3%, not a measurable change.
Its housing went from 3,436 to 3,734 homes (+8.7%), not a measurable change.
2.3% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 10,650 (±931)
- Amount of change
- +9.3%
- Homes change
- +8.7%
- Built 2020 or later
- 2.3%
Residents and homes in Budd Lake, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 9,743 (±800) | 10,650 (±931) | +9.3% | Not a measurable change |
| Housing units | 3,436 (±247) | 3,734 (±327) | +8.7% | Not a measurable change |
| Households that rent | 31.2% (±5.9 points) | 25.2% (±4.5 points) | −6.0 percentage points | Not a measurable change |
| Median gross rent | $1,216 (±$72) | $1,402 (±$44) | +15.3% | No measurable change after inflation |
| Median home value | $340,300 (±$18,275) | $456,100 (±$15,191) | +34.0% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Budd Lake against Morris County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Budd Lake | +9.3% | Not a measurable change | +8.7% |
| Morris County | +4.3% | Measurable increase | +3.2% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Budd Lake
| Year built | Budd Lake | Morris County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 2.3% (±1.4 points) | 0.9% | 1.1% | 2.0% |
| 2010 to 2019 | 10.6% (±3.7 points) | 5.2% | 6.2% | 9.4% |
| 2000 to 2009 | 4.9% (±2.4 points) | 7.5% | 9.2% | 13.6% |
12.9% of the homes in Budd Lake were built in 2010 or later.
The median age of residents is 36.9 years.
Growth in places near Budd Lake
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Budd Lake | — | 10,650 | +9.3% | Not a measurable change |
| Netcong Borough | 2.6 mi | 3,659 | +15.2% | Measurable increase |
| Stanhope Borough | 3.3 mi | 3,552 | +6.2% | Measurable increase |
| Byram Center | 4.2 mi | 2,188 | +5510.3% | Measurable increase |
| Succasunna | 4.4 mi | 9,799 | +15.1% | Measurable increase |
| Roxbury Township | 4.6 mi | 23,211 | +1.1% | Measurable increase |
| Hackettstown Town | 4.8 mi | 10,140 | +6.9% | Measurable increase |
| Allamuchy Township | 5.7 mi | 5,427 | +18.1% | Measurable increase |
| Mount Arlington Borough | 6.0 mi | 5,935 | +5.3% | Measurable increase |
Budd Lake is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Mount Olive Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Budd Lake
Is Budd Lake growing?
Budd Lake, NJ had an estimated 10,650 residents in 2020–2024 and 9,743 in 2015–2019, a change of +9.3%: not a measurable change by the Census Bureau’s test.
How many homes have been added in Budd Lake?
The estimated number of housing units went from 3,436 in 2015–2019 to 3,734 in 2020–2024 (+8.7%), not a measurable change.
How much new construction is there in Budd Lake?
2.3% of homes in Budd Lake were built in 2020 or later and 10.6% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Budd Lake CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Budd Lake CDP, New Jersey (place:08620, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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