Housing data for Mountain Lakes Borough, NJ
Mountain Lakes Borough, NJ has an estimated 4,585 residents and 1,492 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a borough in Morris County.
3.9% of households rent.
The median gross rent is $3,500 or more a month.
Its population grew measurably since 2015–2019 (+7.4%).
Figures last updated on .
- Residents
- 4,585 (±20)
- Housing units
- 1,492 (±91)
- Households that rent
- 3.9%
- Median gross rent
- $3,500 or more
- Residents since 2015–2019
- +7.4%
What stands out in Mountain Lakes Borough
Households that rent: 3.9% (±2.4 points) in Mountain Lakes Borough, lower than in Morris County (25.7%).
Homes in buildings of 5 or more units: 0.0% (±5.2 points) in Mountain Lakes Borough, lower than in Morris County (19.2%).
Median home value: $917,000 (±$70,958) in Mountain Lakes Borough, higher than in Morris County ($582,500).
Homes heated by fuel oil: 6.9% (±3.8 points) in Mountain Lakes Borough, lower than in Morris County (13.9%).
- Types of homes in Mountain Lakes Borough
- Home values in Mountain Lakes Borough
- Heating fuel in Mountain Lakes Borough
Housing in Mountain Lakes Borough at a glance
- Median rent: $3,500 or more median gross rent a month (Small sample: wide margin of error)
- Rent burden: 47.8% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 3.9% of households rent (Small sample: wide margin of error)
- Income and affordability: $250,000 or more median household income
- Home values: $917,000 median home value
- Homeowner costs: $4,000 or more median monthly cost with a mortgage
- Property taxes: $10,000 or more median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 94.0% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 73.2% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 86.8% heat with utility gas
- Commute and cars: 34.3 minutes average trip to work
- Crime reported to police: 43 violent crimes per 100,000 residents
- Growth: +7.4% residents since 2015–2019
- How long people stay: 21.0% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Mountain Lakes Borough against Morris County, its state and the nation
| Mountain Lakes Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 4,585 (±20) | 514,528 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 1,492 (±91) | 199,506 (±100) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 3.9% (±2.4 points) | 25.7% (±0.8 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $3,500 or more | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
| Median household income | $250,000 or more | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median home value | $917,000 (±$70,958) | $582,500 (±$5,640) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 73.2% (±14.6 points) | 62.4% (±1.4 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 34.3 minutes (±5.0) | 29.8 minutes (±0.4) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 100.0% (±3.1 points) | 95.2% (±0.4 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 43.4 years (±1.6) | 42.6 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Mountain Lakes Borough covers 2.6 square miles of land, about 1,734 residents per square mile (Census Bureau Gazetteer).
How Mountain Lakes Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 4,270 (±23) | 4,585 (±20) | +7.4% | Measurable increase |
| Housing units | 1,401 (±69) | 1,492 (±91) | +6.5% | Not a measurable change |
| Median home value | $867,200 (±$35,929) | $917,000 (±$70,958) | +5.7% | Down after inflation |
| Households that rent | 4.6% (±3.6 points) | 3.9% (±2.4 points) | −0.7 percentage points | Not a measurable change |
| Rental vacancy rate | 32.6% (±41.7 points) | 0.0% (±46.6 points) | −32.6 percentage points | Not a measurable change |
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.
Crime reported to police in Mountain Lakes Borough
In 2025, the Mountain Lakes Police Department reported 43 violent and 192 property crimes per 100,000 residents to the FBI.
ZIP codes in Mountain Lakes Borough
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07046 | 99% | 4,585 | $3,500 or more | $917,000 | $250,000 or more |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Mountain Lakes Borough
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Rainbow Lakes | 1.3 mi | $2,022 | $481,800 | 32.6% |
| Boonton Town | 2.1 mi | $1,849 | $495,400 | 37.9% |
| Mount Tabor | 2.1 mi | — | $454,800 | 7.3% |
| Parsippany-Troy Hills Township | 2.4 mi | $1,736 | $536,200 | 40.4% |
| Parsippany | 2.4 mi | $1,742 | $555,400 | 51.6% |
| Denville Township | 2.4 mi | $1,817 | $564,600 | 12.3% |
| Boonton Township | 2.9 mi | $1,870 | $720,800 | 4.9% |
| Lake Hiawatha | 3.2 mi | $1,550 | $428,600 | 41.5% |
HUD Fair Market Rent for Mountain Lakes Borough, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,637 | $1,850 | $2,233 | $2,785 | $3,188 |
HUD income limits for Mountain Lakes Borough, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $29,050 | $48,450 | $74,800 |
| 2 people | $33,200 | $55,400 | $85,450 |
| 3 people | $37,350 | $62,300 | $96,150 |
| 4 people | $41,500 | $69,200 | $106,800 |
| 5 people | $44,850 | $74,750 | $115,350 |
| 6 people | $48,150 | $80,300 | $123,900 |
| 7 people | $51,500 | $85,850 | $132,450 |
| 8 people | $55,720 | $91,350 | $141,000 |
These are the limits HUD sets for its housing programs in the Newark, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $138,400.
A program can use its own limits; tax-credit and local programs often do.
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 Mountain Lakes Borough
What is the median household income in Mountain Lakes Borough?
The median household income in Mountain Lakes Borough is $250,000 or more a year (2020–2024 American Community Survey).
What is the average home value in Mountain Lakes Borough, NJ?
The Census Bureau publishes the median: $917,000 (±$70,958) for owner-occupied homes in Mountain Lakes Borough (2020–2024 American Community Survey).
What is the average mortgage payment in Mountain Lakes Borough?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Mountain Lakes Borough, NJ is $4,000 or more a month, including taxes, insurance and utilities.
How much are property taxes in Mountain Lakes Borough?
The median real estate tax paid by homeowners in Mountain Lakes Borough, NJ is $10,000 or more a year (2020–2024 American Community Survey).
How many homes are in Mountain Lakes Borough?
Mountain Lakes Borough, NJ has an estimated 1,492 (±91) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Mountain Lakes Borough?
73.2% of homes in Mountain Lakes Borough, NJ were built before 1980 (2020–2024 American Community Survey).
Is Mountain Lakes Borough growing?
In Mountain Lakes Borough, the number of residents went from 4,270 in 2015–2019 to 4,585 in 2020–2024 (+7.4%), a measurable increase.
What ZIP codes are in Mountain Lakes Borough?
The ZIP code that covers Mountain Lakes Borough is 07046.
What is the median rent in ZIP code 07046?
The median gross rent in ZIP Code Tabulation Area 07046 is $3,500 or more a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Newark, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Newark, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Mountain Lakes Police Department (ORI NJ0142500)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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 Mountain Lakes borough, Morris County, New Jersey (county subdivision:48480, in state:34 county:027).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .