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Median House Value:

Mountain Lakes, NJ

Found within zip code: 07046
This is a small community that is contained in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.
NEIGHBORHOOD COST DETAILS
MEDIAN HOUSE VALUE $1,074,470
  • high cost relative to New Jersey
  • high cost relative to the nation
HOUSE VALUE RANGE
COST
$2,169,000+  6%
$1,627,001-$2,169,000  13%
$1,086,001-$1,627,000  31%
$867,001-$1,086,000  18%
$650,001-$867,000  16%
$433,001-$650,000  14%
$217,001-$433,000  2%
$109,001-$217,000  0%
$0-$109,000  1%
% OF HOMES
RENTAL PRICE very high cost relative to NJ, very high cost relative to the nation


NEIGHBORHOOD LOOK, FEEL,
& CHARACTER
DETAILS
THE SETTING Suburban (based on population density)
TYPE OF HOMES / DWELLINGS mostly Single-family homes, some Rowhouses & attached homes, a few Small apartment buildings
SIZE OF HOMES / DWELLINGS mostly Large dwellings (4, 5 or more bedrooms), some Medium-sized dwellings (3 or 4 bedrooms)
AGE OF HOMES / DWELLINGS mostly Historic homes (Built 1939 or earlier), some Well established older homes (Built 1940 - 1969), some Established but not old (Built 1970 - 1994), a few Newer Homes (Built 1995 or later)
HOME OWNERSHIP Mostly Owner occupied
SPECIAL CHARACTER mostly Urban Sophisticates, Quiet, Walkable


THE NEIGHBORS DETAILS
AGE & LIFESTYLE mostly Young singles-upwardly mobile (young, educated, professionally employed, and single), some Seniors (people 65 and over), some College students (people currently attending college)
EDUCATION LEVEL Rating: 10 (5 is average for the U.S., 10 is most educated)
INCOME Wealthy (among the 15% most wealthy communities in America)
OCCUPATIONS mostly Executive, managerial & professional, some Sales & Service workers, some Clerical, assistants & technical support
ETHNICITY/ANCESTRY mostly White (non-Hispanic), some Irish ancestry, some Italian ancestry, some East Asian, some Hispanic, some Asian Indian
LANGUAGES mostly English speaking, some Spanish speaking, some French speaking, some Italian speaking, some Russian speaking

School Rating Information


Mountain Lakes Educational Rating
This town is served by one school district.

MOUNTAIN LAKES School District




1,631 Students enrolled in District

4 Schools in District

DISTRICT RATING
COMPARED TO STATE (10 is best)
10
Better than:
of NJ school
districts
97.4%
DISTRICT RATINGClick to get help on this item
COMPARED TO U.S.
(10 is best)
10
Better than:
of US school
districts
98.2%
STUDENTS PER CLASSROOM
9
STATE AVERAGE 12

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Public School Test Scores (No Child Left Behind)

95%
78%
97%
80%
94%
75%
DISTRICT
STATE
PROFICIENT IN
READING & MATH
PROFICIENT IN
READING
PROFICIENT IN
MATH
SCHOOLS IN THIS DISTRICT GRADES
BRIARCLIFF
BRIARCLIFF ROAD, MOUNTAIN LAKES, NJ 07046
(973) 334-0342
06-08
LAKE DRIVE-HEARING IMP.
10 LAKE DRIVE, MOUNTAIN LAKES, NJ 07046
(973) 299-0166
UG-UG
MOUNTAIN LAKES HIGH
POWERVILLE RD., MOUNTAIN LAKES, NJ 07046
(973) 334-8400
09-12
WILDWOOD
GLEN ROAD, MOUNTAIN LAKES, NJ 07046
(973) 334-3609
KG-05
School district enrollment by group
ETHNIC/RACIAL GROUPS THIS DISTRICT THIS STATE
WHITE (NON-HISPANIC) (%) 88.0 56.5
BLACK (%) 1.7 17.6
HISPANIC (%) 3.8 18.2
ASIAN OR PACIFIC ISLANDER (%) 6.4 7.5
AMERICAN INDIAN OR NATIVE OF ALASKA (%) 0.0 0.2
ECONOMIC GROUPS THIS DISTRICT THIS STATE
ECONOMICALLY DISADVANTAGED (%) 4.1 26.8
Educational Expenditures
FOR THIS DISTRICT PER STUDENT TOTAL % OF TOTAL
INSTRUCTIONAL EXPENDITURES $11,912 $19,428,000 45.2
SUPPORT EXPENDITURES
STUDENT $1,909 $3,113,000 7.2
STAFF $1,020 $1,663,000 3.9
GENERAL ADMINISTRATION $438 $715,000 1.7
SCHOOL ADMINISTRATION $1,342 $2,188,000 5.1
OPERATION $1,803 $2,940,000 6.8
TRANSPORTATION $295 $481,000 1.1
OTHER $284 $463,000 1.1
TOTAL SUPPORT $7,090 $11,563,000 26.9
NON-INSTRUCTIONAL EXPENDITURES $7,356 $11,997,000 27.9
TOTAL EXPENDITURES $26,357 $42,988,000 100.0
Mountain Lakes EDUCATIONAL ENVIRONMENT
ADULTS IN Mountain Lakes WITH COLLEGE DEGREE OR HIGHER (%) 76.1
CHILDREN IN Mountain Lakes LIVING IN POVERTY (%) 0.7

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Mountain Lakes Appreciation Rates Click for help

PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED
TO NJ*
COMPARED
TO AMERICA*
Since 1990 150.09% 7.89% 9 7
Last 10 Years Subscribe for detail
Last 5 Years Subscribe for detail
Last 2 Years Subscribe for detail
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* 10 is highest

About Mountain Lakes

Mountain Lakes is a very small borough located in the state of New Jersey. With a population of 4,256 people and just one neighborhood, Mountain Lakes is the 366th largest community in New Jersey. Much of the housing stock in Mountain Lakes was built prior to World War II, making it one of the older and more historic boroughs in the country.

Mountain Lakes is a decidedly white-collar borough, with fully 94.56% of the workforce employed in white-collar jobs, well above the national average. Overall, Mountain Lakes is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in Mountain Lakes who work in management occupations (26.54%), sales jobs (12.27%), and healthcare (9.05%).

Also of interest is that Mountain Lakes has more people living here who work in computers and math than 95% of the places in the US.

Of important note, Mountain Lakes is also a borough of artists. Mountain Lakes has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Mountain Lakes's character.

A relatively large number of people in Mountain Lakes telecommute to their jobs. Overall, about 8.73% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Mountain Lakes is home to many people who could be described as "urban sophisticates." Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.

Because of many things, Mountain Lakes is a great place for families with children to consider. First of all, many other families with children live here, making Mountain Lakes a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The borough's good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Mountain Lakes has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Mountain Lakes's overall crime rate is lower than average for the country.

One downside of living in Mountain Lakes, however, is that residents on average have to contend with a long commute, spending on average 31.26 minutes every day commuting to work.

As is often the case in a small borough, Mountain Lakes doesn't have a public transportation system that people use for their commute.

Mountain Lakes Information and Demographics

If knowledge is power, Mountain Lakes is a pretty powerful place. 76.11% of the adults in Mountain Lakes have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 14.96% for all cities and towns.

The per capita income in Mountain Lakes in 2000 was $65,086, which is wealthy relative to New Jersey and the nation. This equates to an annual income of $260,344 for a family of four. However, Mountain Lakes contains both very wealthy and poor people as well.

The people who call Mountain Lakes home come from a variety of different races and ancestries. The most prevalent race in Mountain Lakes is White, followed by Asian. Important ancestries of people in Mountain Lakes include Irish, Italian, German, English, Polish, Russian, Scotch-Irish, and Scottish.

The most common language spoken in Mountain Lakes is English. Some people also speak Spanish.

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Mountain Lakes, NJ

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