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Mountain Lakes, NJ
Full City Profile · New Jersey · Morris County County
4.3
/5.0
A
Great
4,535
Population
1,718/sq mi density
$250,001
Median Income
$102,826 per capita
$915,100
Home Value
$1,156,954 Zillow
$2,941
Median Rent
51.0% income on rent
52°F
Avg Temperature
275 sunny days/yr
A
Overall
4.3 / 5.0
Strong
A+
Economy
5.0 / 5.0
$250,001 median income, 1.4% unemployment
A+
Affordability
4.6 / 5.0
$915,100 home value, $2,941/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
84.4% bachelor's degree or higher
Housing Overview
Median Home Value
$915,100
225% above
US avg: $281,900
Median Rent
$2,941/mo
153% above
US avg: $1,163/mo
Homeownership Rate
97.1%
48% above US avg (65.4%)
Total Housing Units
1,486
Median year built: 1944
Home Value by Source
Census Median
$915,100
Zillow (ZHVI)
$1,156,954
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
97.1%
Owner-Occupied
2.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$2,941/mo
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1944
Average age of housing stock: 82 years
Homeownership Rate
97.1%
Complete Housing Data
Home Values
| Census Median Value | $915,100 |
| Zillow Home Value (ZHVI) | $1,156,954 |
Rent
| Census Median Rent | $2,941 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 97.1% |
| Renter-Occupied | 2.9% |
| Homeownership Rate | 97.1% |
| Total Housing Units | 1,486 |
| Median Year Built | 1944 |
| Rent Burden | 51.0% |