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ZIP Code · NJ

ZIP 07828

Pop. 15,461·Morris County·157th most expensive ZIP in New Jersey
Median rent (all units)
$2,234/mo
Year-over-Year
+20.9%
Month-over-Month
-0.6%
vs US Median
+$269
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07828 · $2,234
More expensive than 71% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$26,808/yr
At $2,234/mo median
Location
StateNJ
CountyMorris County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 20.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+20.9% YoY, -0.6% 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

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Local insights

Tips for renters in ZIP 07828

About renting in ZIP 07828

Last updated: July 20, 2026

ZIP code 07828 covers Budd Lake, NJ. The median rent here is $2,234/mo as of July 2026. A 1-bedroom rents for a median of $1,660/mo. A 2-bedroom rents for a median of $2,010/mo.

At 26% of local median household income ($103,320/yr), ZIP 07828 ranks as affordable compared to the national benchmark of 30%. Rents have increased 20.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07828?

As of July 20, 2026, the median monthly rent in ZIP 07828 (Budd Lake, NJ) is $2,234. This is based on aggregated data from public sources and community submissions.

How does ZIP 07828 rent compare to the US average?

ZIP 07828's median rent of $2,234/mo is $269 (14%) above the US national median of $1,965/mo.

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

ZIP 07828 is among the more affordable ZIP codes in New Jersey, ranking #157 out of 212 ZIPs at $2,234/mo.

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 $89,000/year (~$43/hour full-time) to afford the median rent of $2,234/mo in ZIP 07828. The local median household income is $103,320/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07828?

Rent in ZIP 07828 has increased 20.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07828 an affordable place to rent?

ZIP 07828 is considered affordable for renters. At $2,234/mo, rent takes approximately 26% of the local median household income ($103,320/yr). The standard benchmark is 30%. ZIP 07828 falls comfortably within that range.

What percentage of ZIP 07828 residents rent vs. own?

According to Census data, approximately 44.7% of ZIP 07828 households are renters, while 55.3% are owner-occupied. ZIP 07828 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07828 compare to the rest of Budd Lake?

ZIP 07828 is more affordable than Budd Lake overall. At $2,234/mo, it's $90 below the Budd Lake citywide median of $2,324/mo.

When was rent data for ZIP 07828 last updated?

Rent data for ZIP 07828 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $2,234/mo, rent takes ~26% of ZIP 07828's median household income ($103,320/yr). The standard benchmark is 30%.

ZIP 07828 26%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07828 (Budd Lake, NJ)

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