ZIP Code 07011 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 07011, understanding the area’s demographic and housing landscape is essential. Located in a vibrant part of New Jersey, this ZIP code offers a diverse community and a range of housing options. With data from 2023, this snapshot provides a clear picture of population, income, housing costs, and cultural composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for ZIP 07011 and uncover what makes this area unique.

Population & Households

ZIP 07011 is home to a substantial population of 38,817 residents. This sizable community is distributed across 13,688 households, reflecting a dense and active area. The total number of housing units stands at 14,198, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 07011 is $73,589, which points to a solid economic foundation for many residents. This income level supports a comfortable lifestyle in a region where housing costs are significant but aligned with regional norms. The median house value is $403,200, reflecting a robust real estate market that could appeal to investors seeking appreciation potential. For renters, the median rent is $1,613 per month, which is competitive for the area and offers an affordable alternative to homeownership for those not ready to buy. These figures provide a clear benchmark for assessing affordability and investment returns in this ZIP code.

Race & Ethnicity

ZIP 07011 stands out for its cultural diversity, creating a rich and inclusive community. The racial and ethnic composition includes 55.93% Hispanic residents, making this the largest demographic group in the area. White residents account for 33.03% of the population, while Black residents make up 4.59%, and Asian residents comprise 3.92%. This blend of backgrounds contributes to a dynamic local culture, which can be a draw for families, businesses, and investors looking for a welcoming and multifaceted environment.

Key Facts

• Total population: 38,817 residents, indicating a sizable and active community.
• Total households: 13,688, showing a dense residential base.
• Total housing units: 14,198, with a small surplus of available properties.
• Median household income: $73,589, supporting a stable economic environment.
• Median house value: $403,200, reflecting a strong real estate market.
• Median rent: $1,613, offering a competitive rental option.
• Diverse demographics: 55.93% Hispanic, 33.03% White, 4.59% Black, and 3.92% Asian.

What This Means for You

For homebuyers, ZIP 07011 offers a diverse community with a median home value of $403,200, which could be a worthwhile long-term investment given the area’s economic stability and cultural richness. The slight surplus of housing units (14,198 total versus 13,688 households) may also provide some negotiating leverage. For investors and real estate agents, the strong median home value and competitive rental rates ($1,613 median rent) suggest opportunities for both property flips and rental income, especially in a market with steady demand. Small-business owners can benefit from the large population of 38,817 and diverse demographic makeup, which supports a broad customer base for culturally relevant products or services. Finally, analysts can use these metrics to benchmark ZIP 07011 against neighboring areas, identifying trends in income, housing, and diversity that inform broader market studies. Whether you’re buying, investing, or building a business, these insights lay the groundwork for smart decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 07011? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your next move or investment.