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07828, Budd Lake, NJ Housing Market

Hyperlocal market intelligence for ZIP code 07828 in NJ. Located in Morris County, NJ. Part of the New York, NY metro area.

PropertyIQ Score

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07828, Budd Lake, NJ market data

PropertyIQ Score 69D+
Median Price
$564K
Rent (ZORI)
$2K
Median DOM
22 days
YoY
+5.4%
What drives the score
Home value YoY: +5.4%3-mo momentum: +1.2%Days on market: 22 daysPrice-reduced share: 0.0%
Data through Jun 2026 · Source: Zillow, Realtor.com

07828, Budd Lake, NJ Housing Market Overview

ZIP code 07828's median home value is $564K, up 5.4% over the past year. Homes here sell in a median 22 days. Its PropertyIQ Score of 69 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.

The 07828, Budd Lake, NJ housing market operates at a level of granularity that broader geographic analyses miss entirely. PropertyIQ's ZIP-level scoring for 07828 captures neighborhood-specific demand patterns within NJ, revealing micro-market trends that metro and county data average away. This hyperlocal intelligence is critical for making precise investment and homebuying decisions.

Mid-Atlantic ZIP codes range from dense urban blocks to suburban cul-de-sacs, each with distinct demand dynamics. PropertyIQ's ZIP-level scores help investors and agents identify which specific neighborhoods within metro areas offer the strongest demand-to-supply ratios and near-term appreciation potential. Within the Mid-Atlantic, ZIP code 07828's PropertyIQ Score of 69 ranks among the Mid-Atlantic's stronger demand signals.

The PropertyIQ Score for 07828, Budd Lake, NJ is built from four inputs measured at the ZIP-code level: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

Explore 07828, Budd Lake, NJ's full market profile including ZIP-level score trends, home value data, and comparisons with neighboring ZIP codes. Use the interactive map to visualize demand signals across the area and identify hyperlocal investment opportunities.

07828, Budd Lake, NJ is located in Morris County, NJ.

This ZIP code is part of the New York, NY metro area.

Market data through June 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.