HomeNew JerseyMorris CountyBudd Lake
Budd Lake, New Jersey: commercial real estate data.
Budd Lake 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Budd Lake (7(a))
- Approvals14
- Gross approval$6,496,100
- Average approval$464,007
- Median approval$200,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Budd Lake, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Budd Lake
SBA loans in Budd Lake (504)
- 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
Counted by borrower city: approvals to borrowers whose address is in Budd Lake, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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
- Establishments in Morris County16,518
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Housing units permitted, Morris County2,055
Every figure in this section is published for Morris County as a whole and is not a measurement of Budd Lake.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $6.5 m since FY2020, across 6 lenders, median approval $200,000, plus 3 504 approvals worth $2.1 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Budd Lake figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.