Mountain Lakes, NJ—07046
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mountain Lakes, NJ
As of Oct '25, the median home price in Mountain Lakes, NJ is $1,161,000, with a year-over-year change of 3.7%. This indicates that home prices in Mountain Lakes, NJ are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,161,000 | 3.7% |
| Single Family | $1,176,000 | 4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $875,000 | 0.7% |
4 Bed | $1,082,000 | 3.5% |
| 5 Bed | $1,499,000 | 3.7% |
% of Housing Stock
Rental Trends — Mountain Lakes, NJ
As of July '25, Rentcast reports the average rent in Mountain Lakes, NJ is $4,790, with a year-over-year rent change of -10.0%. Per bedroom, the median rent as of July '25 in Mountain Lakes, NJ is 3-bedrooms: $4,500, 4-bedrooms: $4,200. The most common rental property sizes in Mountain Lakes, NJ are 3-bedroom and studio, accounting for 31.7% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $4,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $4,500 | $4,500 |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Mountain Lakes, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mountain Lakes, NJ is 76. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,050,000 | -13.0% |
Listing Count | 14 | 6.0% |
| Listings as % of Homes | 1.0% | 6.0% |
Days on Market | 76 | 1.0% |
Demographics — Mountain Lakes, NJ
As of the latest ACS Survey released in 2023, Mountain Lakes, NJ has a population of 4,540, which has increased by 5.8% over the past 5 years. Mountain Lakes, NJ is a popular place for families, as children make up 33.9% of the population. The area has a highly educated workforce, with 84.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,540 | 5.8% |
% Under 18 | 33.9% | 11.5% |
% Seniors | 11.4% | -5.0% |
% WFH | 30.7% | 120.9% |
% w/ College Degree | 84.4% | -2.8% |
As of the latest ACS Survey released in 2023, Mountain Lakes, NJ is a predominantly white area, with 78.0% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Mountain Lakes, NJ is asian, making up 13.3% of the population. Foreign-born residents account for 12.9% of the population in Mountain Lakes, NJ, and this percentage has decreased by 28.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.0% | -1.0% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.6% | -21.7% |
% Asian | 13.3% | -14.7% |
% Foreign Born | 12.9% | -28.3% |
Mortgage and Risk — Mountain Lakes, NJ
According to HUD data as of 2023, there were 90 mortgage originations in Mountain Lakes, NJ, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Mountain Lakes, NJ. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Mountain Lakes, NJ
Mountain Lakes, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,990 |
| 2 Bedroom | N/A | N/A | $2,410 |
| 3 Bedroom | -$1,470 | $4,500 | $3,030 |
| 4 Bedroom | -$750 | $4,200 | $3,450 |
Affordability — Mountain Lakes, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $1,161,000 |
| Median Household Income | $250,000 |