Is Mountain Lakes Borough, NJ growing?
Mountain Lakes Borough, NJ had an estimated 4,585 (±20) residents in 2020–2024, against 4,270 in 2015–2019.
That is a change of +7.4%, a measurable increase.
Its housing went from 1,401 to 1,492 homes (+6.5%), not a measurable change.
2.5% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 4,585 (±20)
- Amount of change
- +7.4%
- Homes change
- +6.5%
- Built 2020 or later
- 2.5%
Residents and homes in Mountain Lakes Borough, 2015–2019 and 2020–2024
| 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 |
| Households that rent | 4.6% (±3.6 points) | 3.9% (±2.4 points) | −0.7 percentage points | Not a measurable change |
| Median home value | $867,200 (±$35,929) | $917,000 (±$70,958) | +5.7% | 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.
Growth in Mountain Lakes Borough against Morris County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Mountain Lakes Borough | +7.4% | Measurable increase | +6.5% |
| 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 Mountain Lakes Borough
| Year built | Mountain Lakes Borough | Morris County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 2.5% (±3.5 points) | 0.9% | 1.1% | 2.0% |
| 2010 to 2019 | 4.4% (±3.9 points) | 5.2% | 6.2% | 9.4% |
| 2000 to 2009 | 5.4% (±3.9 points) | 7.5% | 9.2% | 13.6% |
6.9% of the homes in Mountain Lakes Borough were built in 2010 or later.
The median age of residents is 43.4 years.
Growth in places near Mountain Lakes Borough
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Mountain Lakes Borough | — | 4,585 | +7.4% | Measurable increase |
| Boonton Town | 2.1 mi | 8,854 | +5.4% | Measurable increase |
| Parsippany-Troy Hills Township | 2.4 mi | 56,397 | +7.6% | Measurable increase |
| Denville Township | 2.4 mi | 17,205 | +3.6% | Measurable increase |
| Boonton Township | 2.9 mi | 4,423 | +3.1% | Measurable increase |
| Rockaway Borough | 3.9 mi | 6,613 | +3.6% | Measurable increase |
| Morris Plains Borough | 4.0 mi | 6,315 | +9.9% | Measurable increase |
| White Meadow Lake | 4.2 mi | 8,842 | −7.4% | Not a measurable change |
| Montville Township | 4.6 mi | 22,876 | +7.0% | Measurable increase |
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
Is Mountain Lakes Borough growing?
Mountain Lakes Borough, NJ had an estimated 4,585 residents in 2020–2024 and 4,270 in 2015–2019, a change of +7.4%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Mountain Lakes Borough?
The estimated number of housing units went from 1,401 in 2015–2019 to 1,492 in 2020–2024 (+6.5%), not a measurable change.
How much new construction is there in Mountain Lakes Borough?
2.5% of homes in Mountain Lakes Borough were built in 2020 or later and 4.4% between 2010 and 2019.
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
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Mountain Lakes borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 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
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Mountain Lakes borough, Morris County, 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 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, 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
- Housing in Mountain Lakes Borough at a glance
- Income and affordability in Mountain Lakes Borough
- Home values in Mountain Lakes Borough
- Homeowner costs in Mountain Lakes Borough
- Property taxes in Mountain Lakes Borough
- Types of homes in Mountain Lakes Borough
- Age of homes in Mountain Lakes Borough
- Heating fuel in Mountain Lakes Borough
- Commute and cars in Mountain Lakes Borough
- Crime reported to police in Mountain Lakes Borough
- How long people stay in Mountain Lakes Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- Housing data for every place in New Jersey