What percentage of people rent in Budd Lake, NJ?

Name: Renters and owners in Budd Lake, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

25.2% (±4.5 points) of the occupied homes in Budd Lake, NJ are rented (2020–2024 American Community Survey).

That is 934 renting households against 2,774 that own their home.

In Budd Lake, the share of households that rent went from 31.2% in 2015–2019 to 25.2% in 2020–2024 (−6.0 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 25.2% (±4.5 points)
Renting households: 934 (±175)
Median renter income: $71,939 (±$15,538)

Who rents and who owns in Budd Lake

Tenure, estimate (90% margin of error)
	Budd Lake	Morris County	New Jersey	United States
Renter-occupied share	25.2% (±4.5 points)	25.7% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	934 (±175)	49,683 (±1,568)	1,268,573 (±8,082)	45,017,354
Owning households	2,774 (±325)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142
Average renter household size	2.4 (±0.3)	2.1 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.0 (±0.2)	2.8 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$71,939 (±$15,538)	$79,949 (±$4,109)	$62,674 (±$718)	$52,966
Median owner household income	$150,471 (±$16,174)	$165,144 (±$2,794)	$133,477 (±$624)	$100,009

In Budd Lake, the renter share is not measurably different from Morris County (25.7%).

It is also lower than in New Jersey (36.2%).

It is lower than the national figure (34.8%).

In Morris County, Budd Lake ranks 8 of 27 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 80 of 252.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Budd Lake has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
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 household income	$90,956 (±$16,581)	$114,154 (±$15,593)	+25.5%	No measurable change 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.

Households that rent in places near Budd Lake

Nearest places with a published estimate, compared with Budd Lake
Place	Distance	Households that rent	Compared with this place
Budd Lake	—	25.2% (±4.5 points)	—
Flanders	2.5 mi	40.9% (±5.3 points)	Higher
Netcong Borough	2.6 mi	42.2% (±12.3 points)	Higher
Stanhope Borough	3.3 mi	13.9% (±6.4 points)	Lower
Ledgewood	3.7 mi	13.5% (±5.3 points)	Lower
Byram Center	4.2 mi	4.6% (±3.3 points)	Lower
Succasunna	4.4 mi	5.6% (±2.6 points)	Lower
Landing	4.5 mi	14.6% (±7.8 points)	Lower
Roxbury Township	4.6 mi	11.8% (±2.7 points)	Lower

Nearby places with a measurably lower figure: Stanhope Borough, NJ (13.9%), Ledgewood, NJ (13.5%), Byram Center, NJ (4.6%).

Nearby places with a measurably higher figure: Flanders, NJ (40.9%), Netcong Borough, NJ (42.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Morris County, place by place

Rank	Place	Households that rent
2	Green Village	50.3% (±17.1 points)
3	Lake Hiawatha	41.5% (±6.7 points)
4	Cedar Knolls	41.1% (±12.4 points)
5	Flanders	40.9% (±5.3 points)
6	Pine Brook	35.3% (±10.4 points)
7	Rainbow Lakes	32.6% (±11.6 points)
8	Budd Lake	25.2% (±4.5 points)
9	Pompton Plains	18.8% (±4.3 points)
10	Mount Hope	16.9% (±9.0 points)
11	Stirling	16.4% (±8.5 points)
12	Landing	14.6% (±7.8 points)
13 (tie)	Ledgewood	13.5% (±5.3 points)
13 (tie)	Oak Ridge	13.5% (±4.6 points)

Showing 13 of 27 places in Morris County, ranked from highest to lowest.

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

How many renters are there in Budd Lake?

Budd Lake has an estimated 934 (±175) renting households, 25.2% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Budd Lake?

In Budd Lake, the share of households that rent went from 31.2% in 2015–2019 to 25.2% in 2020–2024 (−6.0 percentage points), not a measurable change.

How big are renting households in Budd Lake?

A renting household in Budd Lake has 2.4 people on average, against 3.0 in an owned home.

How much do renters earn in Budd Lake?

The median renting household in Budd Lake, NJ has an income of $71,939 (±$15,538) a year, against $150,471 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.