ZIP Code · NJ

ZIP 07828

Part of Budd Lake, NJ

Pop. 15,461·Morris County·176th most expensive ZIP in New Jersey

Median rent (all units)

$2,022/mo

Year-over-Year

+18.0%

Month-over-Month

+1.1%

vs US Median

+$90

Reported rents

Rising (Monthly)

Be the first to discuss 07828 rents ↓

Most AffordableMost Expensive

ZIP 07828 · $2,022

More expensive than 63% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,470

1 BR

$1,660

2 BR

$2,010

3 BR

$2,520

4 BR+

$2,860

Research median

$2,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 07828 changed +18.0% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($103,320) is $2,583 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,520); a 4-bedroom is $2,860.

From Zillow's monthly rent index (ZORI) for ZIP 07828. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,264/yr

At $2,022/mo median

Location

CityBudd Lake

StateNJ

CountyMorris County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 18.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+18.0% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 07828 (Budd Lake, NJ) is majority owner-occupied, has a median income above the national average, 43.9% of residents hold a bachelor's degree or higher.

Population

15,461

Median income

$103,320

Median age

37.4

Renters

44.7%

Age distribution

22.9%

22.1%

29.2%

14.3%

Under 1822.9%

18–3422.1%

35–5429.2%

55–6414.3%

65+11.5%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

63.2%

19.7%

White63.2%

Black11.6%

Hispanic19.7%

Asian8%

Education (25+)

27.5%

22.5%

43.9%

No HS diploma6.1%

HS diploma27.5%

Some college22.5%

Bachelor's+43.9%

Housing tenure

55.3%

44.7%

Owner55.3%

Renter44.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07828 in Budd Lake, NJ has changed in 5 years

Income

$84,344 → $103,320

up 22.5%

Population

14,602 → 15,461

up 5.9%

Renter share

44.3% → 44.7%

+0.4 pts

Bachelor's+

40.6% → 43.9%

+3.3 pts

Median age

38.1 → 37.4

-0.7 yrs

Local incomes tracked alongside that move, going from a median of $84,344 in 2021 to $103,320 more recently. The population has grown by 5.9% since 2021, moving from about 14,602 residents to roughly 15,461. College-educated residents now make up 43.9% of adults here, versus 40.6% in 2021.

Community

Discussions about ZIP 07828

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 07828

About renting in ZIP 07828

Last updated: October 17, 2026

ZIP code 07828 covers Budd Lake, NJ. The median rent here is $2,022/mo as of October 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $2,010/mo.

At 23% of local median household income ($103,320/yr), ZIP 07828 ranks as affordable compared to the national benchmark of 30%. Rents have increased 18.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07828?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,022/mo in ZIP 07828. The local median household income is $103,320/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 07828?

Rent in ZIP 07828 has risen 18.0% over the past year.

How does ZIP 07828 compare to other ZIPs in New Jersey?

ZIP 07828 is one of the more affordable among New Jersey ZIP codes for rent, ranking #176 of 209 at $2,022/mo. Over the year to September 2026, rent in ZIP 07828 changed +18.0%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.