What is the median home value in Lake Telemark, NJ?

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

The median value of owner-occupied homes in Lake Telemark, NJ is $464,100 (±$48,050), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Lake Telemark, the median home value went from $336,600 in 2015–2019 to $464,100 in 2020–2024 (+37.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $464,100 (±$48,050)
Owner-occupied homes: 500 (±111)
Most common range: $300,000 to $499,999

Home values in Lake Telemark

Owner-occupied homes by value, 2020–2024
Value	Lake Telemark	Morris County	New Jersey	United States
Less than $50,000	1.4% (±2.2 points)	1.2%	2.5%	5.3%
$50,000 to $99,999	0.0% (±8.6 points)	1.0%	1.8%	6.1%
$100,000 to $149,999	0.0% (±8.6 points)	0.6%	2.2%	6.8%
$150,000 to $199,999	0.0% (±8.6 points)	0.8%	4.3%	9.0%
$200,000 to $299,999	14.2% (±7.9 points)	5.1%	12.9%	17.8%
$300,000 to $499,999	45.4% (±14.3 points)	30.3%	34.2%	26.9%
$500,000 to $999,999	36.2% (±16.4 points)	50.2%	34.5%	20.9%
$1,000,000 or more	2.8% (±4.2 points)	10.8%	7.6%	7.1%

The most common range is $300,000 to $499,999, 45.4% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Lake Telemark against Morris County, its state and the nation

Estimate (90% margin of error)
	Lake Telemark	Morris County	New Jersey	United States
Median home value	$464,100 (±$48,050)	$582,500 (±$5,640)	$454,400 (±$1,150)	$332,700
Owner-occupied homes	500 (±111)	143,562 (±1,613)	2,239,128 (±10,678)	84,210,142

In Lake Telemark, the median home value is lower than in Morris County ($582,500).

It is not measurably different from New Jersey ($454,400).

It is higher than the national figure ($332,700).

In Morris County, Lake Telemark ranks 17 of 27 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 95 of 248.

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

How home values in Lake Telemark have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$336,600 (±$23,367)	$464,100 (±$48,050)	+37.9%	No measurable change after inflation
Median owner cost with a mortgage	$2,693 (±$196)	$2,798 (±$425)	+3.9%	Down after inflation
Median real estate taxes	$9,318 (±$453)	$9,712 (±$1,016)	+4.2%	Down 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.

Median home value in places near Lake Telemark

Nearest places with a published estimate, compared with Lake Telemark
Place	Distance	Median home value	Compared with this place
Lake Telemark	—	$464,100 (±$48,050)	—
White Meadow Lake	2.6 mi	$470,800 (±$15,026)	Not measurably different
Mount Hope	4.0 mi	$398,000 (±$32,918)	Lower
Jefferson Township	4.0 mi	$428,200 (±$17,615)	Not measurably different
Boonton Township	4.3 mi	$720,800 (±$64,381)	Higher
Rockaway Borough	4.5 mi	$448,100 (±$27,438)	Not measurably different
Oak Ridge	4.9 mi	$436,100 (±$30,457)	Not measurably different
Denville Township	5.0 mi	$564,600 (±$32,188)	Higher
Mountain Lakes Borough	5.6 mi	$917,000 (±$70,958)	Higher

Nearby places with a measurably lower figure: Mount Hope, NJ ($398,000).

Nearby places with a measurably higher figure: Boonton Township, NJ ($720,800), Denville Township, NJ ($564,600), Mountain Lakes Borough, NJ ($917,000).

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

Median home value across Morris County, place by place

Rank	Place	Median home value
11	Parsippany	$555,400 (±$20,373)
12	Flanders	$552,900 (±$45,377)
13	Pompton Plains	$539,000 (±$42,519)
14	Succasunna	$529,100 (±$26,737)
15	Rainbow Lakes	$481,800 (±$59,954)
16	White Meadow Lake	$470,800 (±$15,026)
17	Lake Telemark	$464,100 (±$48,050)
18	Long Valley	$461,900 (±$24,856)
19	Ledgewood	$460,900 (±$26,605)
20	Budd Lake	$456,100 (±$15,191)
21	Mount Tabor	$454,800 (±$36,738)
22	Oak Ridge	$436,100 (±$30,457)
23	Lake Hiawatha	$428,600 (±$23,465)

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

Lake Telemark is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Rockaway 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 Lake Telemark

What is the average home value in Lake Telemark, NJ?

The Census Bureau publishes the median: $464,100 (±$48,050) for owner-occupied homes in Lake Telemark (2020–2024 American Community Survey).

Have home values in Lake Telemark gone up?

In Lake Telemark, the median home value went from $336,600 in 2015–2019 to $464,100 in 2020–2024 (+37.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Lake Telemark sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

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) for Lake Telemark CDP, New Jersey (place:38430, in state:34).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.