ZIP 07006 - 860Z200US07006 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 07006 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of suburban appeal and economic strength. With a population of over 26,000 and a median household income exceeding $148,000, it’s a community that attracts families, professionals, and entrepreneurs alike. In this detailed snapshot, we’ll break down the key 2023 data on population, income, housing costs, and diversity to help you make informed decisions.

Population & Households

ZIP 07006 is home to 26,417 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 9,934 households, reflecting a mix of family units, couples, and singles. The total number of housing units stands at 10,183, indicating a slight surplus of available properties relative to occupied households. This balance suggests potential opportunities for homebuyers or investors looking to enter the market, as well as for small businesses targeting a stable customer base.

Income & Housing Costs

One of the standout features of ZIP 07006 is its robust economic profile. The median household income is an impressive $148,645, pointing to a community with significant purchasing power. This high income level supports a strong housing market, where the median home value reaches $667,300. For renters, the median monthly rent is $1,973, reflecting the premium cost of living in this desirable area. These figures highlight ZIP 07006 as a location where affordability may be a challenge for some, but the value of properties and quality of life can justify the investment for many.

Race & Ethnicity

The demographic makeup of ZIP 07006 showcases a diverse yet predominantly white population. Approximately 74.55% of residents identify as white, while 10.69% are Hispanic, 8.2% are Asian, and 2.89% are Black. This diversity contributes to a culturally rich environment, offering a blend of perspectives and traditions. For businesses, this mix can translate into varied customer needs and opportunities to cater to different cultural preferences. For residents and investors, it signals a welcoming community with broad appeal.

Key Facts

• Total population: 26,417 residents in ZIP 07006.
• Total households: 9,934, indicating a strong residential presence.
• Total housing units: 10,183, with a small surplus of available properties.
• Median household income: $148,645, reflecting high earning potential.
• Median home value: $667,300, showcasing a premium real estate market.
• Median rent: $1,973 per month, aligning with the area’s upscale profile.
• Racial composition: 74.55% white, 10.69% Hispanic, 8.2% Asian, 2.89% Black.

What This Means for You

For homebuyers, ZIP 07006 offers a high-quality living environment backed by strong household incomes and valuable properties. The median home value of $667,300 suggests a long-term investment with potential for appreciation, though it requires significant financial readiness. Investors and real estate agents will find the slight surplus of housing units (10,183 total units versus 9,934 households) intriguing, as it hints at opportunities for rentals or flips in a competitive market. Small-business owners can leverage the area’s affluent and diverse population of 26,417 to target premium products or culturally tailored services, capitalizing on the community’s $148,645 median income. Analysts studying market trends will appreciate the economic stability and diversity as indicators of sustained demand for housing and local commerce.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into 07006? Start by visiting ZipcodeGPT to access powerful demographic tools.
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