ZIP 07090 - 860Z200US07090 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 07090, understanding the area’s demographic and housing landscape is essential. Located in a vibrant community, this ZIP code offers a snapshot of a prosperous and diverse area with strong economic indicators. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 07090 unique.

Population & Households

ZIP 07090 is home to a population of 30,760 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 10,676 households, reflecting a strong residential base. With 11,093 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or investors looking for available properties. This balance suggests a stable housing environment, ideal for families and individuals seeking a place to settle.

Income & Housing Costs

One of the standout features of ZIP 07090 is its impressive economic profile. The median household income stands at $212,700, positioning this area as a high-income community. This figure suggests a strong purchasing power among residents, which can be a key draw for businesses and retailers looking to tap into a wealthier demographic. On the housing front, the median home value is $930,500, reflecting a premium real estate market. For renters, the median rent is $2,211 per month, indicating that rental properties also cater to an upscale audience. These numbers highlight ZIP 07090 as a desirable, albeit expensive, location for housing and investment.

Race & Ethnicity

The demographic makeup of ZIP 07090 offers insight into the community’s diversity. The population is predominantly White at 76.48%, with smaller but significant representation from other groups: Asian residents make up 8.73%, Hispanic or Latino individuals account for 8.55%, and Black residents comprise 1.73%. This composition points to a primarily White community with notable cultural diversity, which can enrich the social fabric and appeal to a wide range of potential residents or business owners looking for an inclusive environment.

Key Facts

• Total population: 30,760 residents, offering a sizable community for engagement.
• Total households: 10,676, indicating a strong residential presence.
• Total housing units: 11,093, suggesting potential availability for new buyers or renters.
• Median household income: $212,700, reflecting a high-earning population.
• Median home value: $930,500, positioning this as a premium housing market.
• Median rent: $2,211, catering to upscale rental demand.
• Racial composition: 76.48% White, 8.73% Asian, 8.55% Hispanic, 1.73% Black, showcasing moderate diversity.

What This Means for You

For homebuyers, ZIP 07090 presents a high-end market with median home values nearing a million dollars at $930,500. This suggests that purchasing here is a significant investment, likely suited for those with substantial budgets seeking a prestigious address. The high median income of $212,700 also indicates a community of financially stable neighbors, which can contribute to a secure and well-maintained environment.

For real estate investors and agents, the slight surplus of housing units (11,093) over households (10,676) could signal opportunities to acquire properties for rental or resale. The high median rent of $2,211 suggests strong rental income potential, especially for upscale properties catering to affluent tenants.

For small-business owners, the affluent demographic with a median income of $212,700 offers a lucrative customer base. Retail, dining, or service-based businesses targeting higher-income consumers could thrive here. Additionally, the diverse population mix provides an opportunity to cater to varied cultural preferences and needs.

For analysts, the data underscores ZIP 07090 as a stable, high-value area with a predominantly White population and growing diversity. This could inform market studies or policy recommendations focused on economic disparity or housing affordability challenges in premium markets.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 07090? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access detailed metrics like population, income, and home values tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or launching a business in any area of interest.