Budd Lake, NJ
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Budd Lake short-term rental market based on reliable data.
Listings
6 / 15
Reliable / Active
Cap Rate
6%
Middle-Earners Gross Yield
Revenue
$30,212
Middle-Earners Revenue
Occupancy
51%
Middle-Earners Occupancy
Home Value
$544,179
Median Home Sale Price
Top Earners
$58,233
Top-Earners Revenue
Budd Lake
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Budd Lake.
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Challenging to Investors
Budd Lake Regulations
Status of STRs is unclear without ordinance text (potential ban or strict conditional-use rules), and NJ/Mount Olive can involve permitting, inspections, fees, and caps; uncertainty and administrative burden raise investor risk.
Local STR Agent
STR specialist · Budd Lake, NJ
About Budd Lake
Budd Lake is an unincorporated community and census-designated place (CDP) located within Mount Olive Township, in Morris County, in the U.S. state of New Jersey. As of the 2020 United States census, the CDP's population was 9,784, its highest decennial census count ever and an increase of 816 (+9.1%) from the 8,968 enumerated at the 2010 census, which in turn reflected an increase of 868 (+10.7%) from the 8,100 counted in the 2000 census. Budd Lake was named for John Budd. Prior to that, it was called Hattacawanna Lake.