It is located on the left bank of the Merefa, in the drainage basin of the Don.

Budy belongs to Pivdenne urban hromada.

[1] Population: 5,829 (2022 estimate)[2] Until 26 January 2024, Budy was designated urban-type settlement.

On this day, a new law entered into force which abolished this status, and Budy became a rural settlement.

The settlement is included in the road network of Kharkiv urban agglomeration.