Medford Lakes Boro Real Estate

Charles Read's Aetna Furnace contributed to the Continental Army's efforts during the American Revolutionary War, using local bog iron to manufacture cannonballs.[25] A part of the industrial life of what is now Medford Lakes was the saw and grist mill erected by John Haines.

Medford Lakes was originally developed as a resort community where all construction would make use of logs. Shiploads of cedar logs were imported, and craftsmen fashioned them into log cabins. Inside and out, the walls were of solid log. Some of the logs had their bark scraped off, while some retained their bark. As a porous wood, cedar is an excellent insulator, so the cabins were cool in the summer and warm in the winter. The resort community enjoyed an extended season because the large stone fireplaces could heat the log cabins during the colder months. The Medford Lakes Development Company was formed in 1927, and in 1928 the Colony Club Pavilion was constructed on ground donated by the Development Company.[26]

St. Mary of the Lakes Catholic Church, a single-story log cabin structure built in 1931, was added to the National Register of Historic Places in 2007.[27]

Medford Lakes was established as an independent municipality in 1939.[21]

The borough experienced heavy damage on July 12, 2004, during a day that saw 7.26 inches (184 mm) of rainfall over 14 hours. The heavy rain caused a series of dam breaks and breaches in the surrounding areas of Southern New Jersey, which have since been replaced. Quogue Dam, as well as both Lower and Upper Aetna Lake Dams failed, with high water levels on portions of Ballinger Run exceeding 500-year flood elevations.[28]

Since 1931, a Canoe Carnival has been held during the first week of every August on Lower Aetna Lake. Elaborate floats, built with a maximum of two canoes, are paddled by crowds gathered along the lake. A winner is then named, along with a king, queen, and court.[29]

Medford Lakes Boro - Town vs. County Stats

Avg Price in Medford Lakes Boro: $959,700 / County Avg $605,700

158%

Avg Taxes in Medford Lakes Boro: $17,500 / County Avg $7,900

223%

Avg Sq. Ft. in Medford Lakes Boro: 2,822 / County Avg 2,169

130%

Avg Price per/sqft in Medford Lakes Boro:$340 / County Avg $279

122%

Avg Year Built in Medford Lakes Boro: 1963 / County Avg 1967

100%

Avg Days on Website in Medford Lakes Boro: 79 / County Avg 50

158%

Medford Lakes Boro Real Estate Market Health

New Listings
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