HomeNew JerseyMorris CountyBudd Lake CDP
Budd Lake CDP, New Jersey: commercial real estate data.
Budd Lake CDP is a Census CDP of 10,650 people across 5.44 square miles of land, in Morris County. Median household income is $114,154, 74.8 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $6.5 m.
76 sourced place values · tier FULL · 8 sections
Budd Lake
What Budd Lake is
- Census place typeCDP
- Land area5.44 sq mi
- Water area0.98 sq mi
- Population per square mile of land1,956
- County holding the largest share of its areaMorris County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Budd Lake
How many people live in Budd Lake
- Population10,650
- Median age36.9
- Population under 183,006
- Share under 1828.2 percent
- Population 65 and over1,185
- Share 65 and over11.1 percent
- Households3,708
- Family households3,044
- Share of households that are families82.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Budd Lake
Income and work in Budd Lake
- Median household income$114,154
- Per capita income$51,420
- Civilian labor force6,160
- Employed5,766
- Unemployed394 plus or minus 198
- Unemployment rate6.4 percent plus or minus 3.1
- Adults 25 and over7,198
- Adults 25 and over with a high school diploma or higher93.8 percent
- Adults 25 and over with a bachelor degree or higher45.3 percent
- Adults 25 and over with a graduate degree18.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Budd Lake
Housing in Budd Lake
- Housing units3,734
- Occupied units3,708
- Vacant units26 plus or minus 39
- Vacancy rate0.7 percent plus or minus 1.0
- Owner occupied2,774
- Renter occupied934
- Ownership rate74.8 percent
- Median owner-occupied home value$456,100
- Median gross rent, monthly$1,402
- Annual rent as a share of median income14.7 percent
- Single family units2,876
- Share single family77.0 percent
- Units in buildings of two or more858 plus or minus 235
- Share in buildings of two or more23.0 percent plus or minus 6.0
- Mobile homes0
- Median year structure built1975
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Budd Lake
How Budd Lake gets to work
- Workers 16 and over who commute4,597
- Commuting under 15 minutes1,084 plus or minus 319
- Share commuting under 15 minutes23.6 percent plus or minus 6.2
- Commuting 30 minutes or more2,296
- Share commuting 30 minutes or more49.9 percent
- Drove alone72.6 percent
- Carpooled7.3 percent plus or minus 3.1
- Public transport0.7 percent plus or minus 0.8
- Walked0.0 percent
- Worked from home19.1 percent plus or minus 5.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Budd Lake
SBA 7(a) lending to Budd Lake borrowers
- Approvals14
- Gross approval$6,496,100
- Average approval$464,007
- Median approval$350,000
- Ninetieth percentile approval$1,059,800
- Largest approval$1,373,300
- Jobs supported144
- Jobs per approval10.3
- Loans with a final outcome4
- Paid in full3
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS11
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Budd Lake
SBA 504 lending to Budd Lake borrowers
- Approvals3
- Gross approval$2,058,000
- Average approval$686,000
- Median approval$343,000
- Largest approval$1,372,000
- Jobs supported40
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morris County, not Budd Lake
Morris County context, not Budd Lake figures
These are Morris County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Budd Lake measurements.
- Establishments in Morris County16,518
- Employment at those establishments, Morris County301,249
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Average weekly wage, Morris County$1,946
- Housing units permitted, Morris County2,055
- Of those, single family, Morris County864
- County product, 2024, Morris County$74,395,289,000
- County product change over the prior year, Morris County4.3 percent
- Average income of an arriving household, Morris County$142,777
Every figure in this section is published for Morris County as a whole and is not a measurement of Budd Lake. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Budd Lake questions, answered from the record.
How many people live in Budd Lake, New Jersey?
10,650, in 3,708 households. Budd Lake CDP covers 5.44 square miles of land, which is 1,956 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Budd Lake in?
Morris County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Budd Lake?
$114,154. The median owner-occupied home is valued at $456,100. Median gross rent is $1,402 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Budd Lake businesses?
14 7(a) approvals totalling $6.5 m, across 6 lenders, median approval $350,000, plus 3 504 approvals worth $2.1 m. These count approvals to borrowers whose address is in Budd Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Budd Lake borrowers get paid back?
No rate is published for Budd Lake. only 4 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Budd Lake figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morris County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Budd Lake.
Is zoning published for Budd Lake?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.