ZIP 07076 - 860Z200US07076 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 07076 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 blend of suburban appeal and economic strength. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural diversity in 07076. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP code 07076 is home to a population of 24,667 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 8,751 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 9,037, indicating a slight surplus of available homes relative 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

One of the standout features of ZIP 07076 is its robust economic profile. The median household income here is an impressive $173,564, positioning this area as a high-earning community. This figure suggests a strong local economy and a population with significant purchasing power, which can be a key consideration for businesses targeting affluent customers. On the housing front, the median home value is $696,900, reflecting a premium real estate market that aligns with the area’s income levels. For renters, the median rent is $1,816 per month, indicating a competitive rental market that may appeal to investors seeking steady returns.

Race & Ethnicity

The cultural fabric of ZIP 07076 is diverse, offering a welcoming environment for residents and businesses alike. The racial composition includes 64.87% White, 5.83% Black, 10.95% Asian, and 12.46% Hispanic residents. This mix of backgrounds contributes to a rich community dynamic, which can be a draw for families seeking an inclusive place to live or for businesses aiming to serve a varied customer base. Understanding this diversity can help stakeholders tailor their strategies, whether it’s marketing a property or launching a local service.

Key Facts

• Total population: 24,667 residents in ZIP 07076.
• Total households: 8,751, with 9,037 total housing units available.
• Median household income: $173,564, indicating a high-earning community.
• Median home value: $696,900, reflecting a premium housing market.
• Median rent: $1,816 per month, competitive for the area.
• Racial diversity: 64.87% White, 5.83% Black, 10.95% Asian, 12.46% Hispanic.

What This Means for You

For homebuyers, ZIP 07076 offers a prosperous community with high median incomes and home values, suggesting long-term stability and potential appreciation in property investments. However, the elevated median home value of $696,900 means you’ll need to budget accordingly or explore financing options to enter this market. Real estate investors and agents can capitalize on the slight surplus of housing units (9,037 total units versus 8,751 households), which may indicate opportunities for flipping or renting properties, especially with a median rent of $1,816 signaling strong demand. Small-business owners will find a wealthy and diverse customer base here, ideal for premium products or services tailored to a multicultural audience. Analysts can use these metrics to benchmark 07076 against neighboring ZIP codes, identifying trends in income, housing, or demographic shifts that influence market dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 07076? 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 specific needs.
• Use the insights to make data-driven decisions, whether you’re buying a home, investing in property, or planning a business expansion.