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Collings Lakes

Learn about the people, housing, costs and businesses in Collings Lakes, New Jersey

Median Home$227,300
Population1,516
Leading IndustriesWholesale Trade · Transportation · Education12% wholesale trade
Home Value Growth⬆⬆+15.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners89% of occupied units
NotableTransit85/100 · excellent transit access
NotableVeteran Community11% of residents · top 9% nationally
Collings Lakes
NJ

Frequently Asked Questions

What are today's mortgage rates in Collings Lakes?

As of today, the 30-year fixed mortgage rate for Collings Lakes is approximately 6.904% (6.940% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Collings Lakes?

The median home value in Collings Lakes is $227k. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Collings Lakes?

Home values in Collings Lakes have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Collings Lakes?

Based on a typical all-in ownership cost of $1,423/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $61k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Collings Lakes is $88k/year.

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What industries drive the economy in Collings Lakes?

The largest employment sectors in Collings Lakes are public administration (24%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.