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Frequently asked questions
What type of rental buildings are in Budd Lake, NJ?
In Budd Lake 26% of the housing is rented out compared to 74% of homes are owned, according to the most recent Census Bureau estimates. 3% of Budd Lake's apartments are found in large buildings of 50 units or more, 89% are located in smaller apartment complexes with less than 50 units, and 8% are single-family rentals.
What do typical apartment communities look like in Budd Lake, NJ?
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Budd Lake are about 50 years old, on average. Of these, 1% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
What apartment floorplans are common in Budd Lake, NJ?
Studio apartments in Budd Lake are around 0.4% of rentals, while 1-bedroom floor plans represent 78% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 21% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.