Home prices
The median home cost in Mountain Lakes is $867,200. This is approximately $512,580 (144%) higher in comparison to its surrounding areas.It is approximately $649,700 (298%) higher compared to the entire country, and it is about $261,200 (43%) higher compared to the city of New York.
Rents
The median monthly rent in Mountain Lakes is $1,454. Compared to its surrounding areas this is approximately $182 (11%) lower.It is about $392 (36%) higher in comparison to the United States as a whole, and in comparison to the city of New York is is very similar.
Nearby places
Boonton
Boonton is Mountain Lakes's neighbor to the northeast. Housing prices there are a lot less expensive. The value of the median home in Boonton is $386,100, which works out to $481,100 (124%) lower than Mountain Lakes. Rents there are a bit less expensive. Boonton's median monthly rent is $1,316, which works out to $138 (10%) lower than Mountain Lakes.
Rockaway
Rockaway is about 3 miles west from Mountain Lakes. Real estate prices there are substantially less expensive. The cost of the median home in Rockaway is $344,800, which is $522,400 (151%) lower than Mountain Lakes. The rent there is a bit less expensive. In Rockaway the median rent is $1,367 a month, which is $87 (6%) lower than Mountain Lakes.
White Meadow Lake
White Meadow Lake is about 3 miles northwest from Mountain Lakes. Real estate prices there are a lot less expensive. The median home in White Meadow Lake is valued at $353,600, which is $513,600 (145%) lower than Mountain Lakes. Its rents are a little more expensive. White Meadow Lake's median rent is $1,743 a month, which works out to $289 (16%) higher than Mountain Lakes.
Morris Plains
Morris Plains is about 4 miles southwest of Mountain Lakes. Real estate prices there are a lot less expensive. The median home in Morris Plains costs $517,500, which comes out to $349,700 (67%) lower than Mountain Lakes. Rent there is substantially more expensive. In Morris Plains the median rent is $2,524 a month, which comes out to $1,070 (42%) higher than Mountain Lakes.
Victory Gardens
Victory Gardens is approximately 4 miles west from Mountain Lakes. Housing prices there are substantially less expensive. The median home in Victory Gardens costs $171,100, which comes out to $696,100 (406%) lower than Mountain Lakes. Rent there is a little less expensive. In Victory Gardens the median rent is $1,229 a month, which works out to $225 (18%) lower than Mountain Lakes.
