Victory Lakes, NJ
Population 1,403 · New Jersey
About Victory Lakes, NJ
Victory Lakes is a small town located in New Jersey with a population of 1,403 residents according to the latest US Census Bureau American Community Survey data. The median household income is $97,273 per year, which is 29% above the national median of $75,149. The median age of 45.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Victory Lakes features a median home value of $228,000, which is 7% below the national median of $244,900. This positions Victory Lakes in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 656 total housing units, 93% are owner-occupied (563 units) and 7% are renter-occupied (45 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Victory Lakes shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Victory Lakes have an average one-way commute time of 31.4 minutes.
Education & Demographics
27.9% of Victory Lakes residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 3.6% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Victory Lakes, NJ
Compared to national averages, Victory Lakes has a median household income of $97,273 (29% above the national median of $75,149). Home values average $228,000, which is 7% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Victory Lakes's income is 16% below the state average of $115,667, and home values are 51% below the state median of $469,644.
Why Live in Victory Lakes, NJ?
Victory Lakes offers a strong local economy with a median household income of $97,273, well above the national average, and affordable housing with a median home value of $228,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 11.9%, better than the national average.
Victory Lakes has a population of 1,403 with a median age of 45.5 years. Compare Victory Lakes with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Victory Lakes
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Farmingdale | 1,399 | $97,574 | $401,000 | Compare |
| Rainbow Lakes | 1,376 | $109,083 | $531,700 | Compare |
| Pemberton | 1,373 | $88,333 | $303,200 | Compare |
| Centre Grove | 1,371 | $104,028 | $209,300 | Compare |
| Chester | 1,359 | $152,578 | $640,400 | Compare |
| Kean University | 1,359 | $0 | $0 | Compare |
| Silver Lake CDP (Cumberland County), New Jersey | 1,447 | $88,217 | $304,800 | Compare |
| Bedminster | 1,463 | $123,289 | $830,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Victory Lakes With Other Cities
Frequently Asked Questions about Victory Lakes
What is the population of Victory Lakes, NJ?
The population of Victory Lakes, NJ is 1,403 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Victory Lakes?
The median household income in Victory Lakes, NJ is $97,273 per year, which is 29% above the national median of $75,149.
What is the median home value in Victory Lakes?
The median home value in Victory Lakes, NJ is $228,000, which is 7% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Victory Lakes?
The median monthly rent in Victory Lakes, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Victory Lakes?
The unemployment rate in Victory Lakes, NJ is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Victory Lakes, NJ a good place to live?
Victory Lakes offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,403 and a median age of 45.5, the city appeals to established professionals and retirees.
How educated is Victory Lakes, NJ?
27.9% of residents in Victory Lakes aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Victory Lakes?
Key cost-of-living indicators for Victory Lakes, NJ: median home value is $228,000 (7% below national), median rent is $0/month, and median household income is $97,273. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Victory Lakes?
The poverty rate in Victory Lakes, NJ is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Victory Lakes, NJ?
Victory Lakes's population is 0.0% White, 0.0% Hispanic or Latino, 3.6% Black or African American, 0.0% Asian, and 5.2% two or more races. 0.0% of residents are foreign-born.