ZIP 07093 - 860Z200US07093 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 07093 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of the area. Located in a vibrant part of New Jersey, ZIP 07093 encompasses a diverse population and a dynamic housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or data analyst, understanding the key metrics of this area—population, income, housing costs, and cultural composition—can help you make informed decisions. Let’s dive into the 2023 data to uncover what makes this ZIP code unique and how it might align with your goals.

Population & Households

ZIP 07093 is home to a substantial population of 63,321 residents, making it a bustling community with significant activity and opportunity. These individuals are distributed across 25,598 households, reflecting a dense and active residential landscape. With 27,451 total housing units in the area, there’s a mix of occupied and available properties, which could be of interest to investors or buyers looking for options in a populated region. The ratio of households to population suggests an average household size of roughly 2.5 people, indicating a blend of families and smaller living arrangements that cater to varied lifestyles.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 07093 offers a median household income of $70,389. This figure positions the area as a moderately affluent community, providing a stable economic base for residents and potential business customers. On the housing front, the median home value stands at $390,300, reflecting a competitive real estate market that could appeal to investors seeking appreciation or buyers looking for long-term value. For renters, the median rent is $1,619 per month, which aligns with the income levels and suggests a balanced rental market for those not ready to buy. These numbers provide a solid foundation for understanding affordability and investment potential in this ZIP code.

Race & Ethnicity

One of the standout characteristics of ZIP 07093 is its rich cultural diversity. The racial and ethnic composition shows that 74.99% of the population identifies as Hispanic, making this a predominantly Hispanic community with deep cultural roots. Additionally, 14.58% of residents are White, 7.36% are Asian, and 1.89% are Black, contributing to a multicultural environment. This diversity can be a significant draw for businesses aiming to serve varied customer bases or for families seeking a culturally vibrant place to call home. Understanding this demographic makeup is key to tailoring services, marketing strategies, or community engagement efforts in this area.

Key Facts

• Total population: 63,321 residents, indicating a sizable and active community.
• Total households: 25,598, reflecting a dense residential area with diverse living arrangements.
• Total housing units: 27,451, offering a mix of occupied and potential investment properties.
• Median household income: $70,389, suggesting moderate economic stability.
• Median home value: $390,300, pointing to a competitive real estate market.
• Median rent: $1,619, aligning with income levels for rental affordability.
• Ethnic diversity: Predominantly Hispanic (74.99%), with White (14.58%), Asian (7.36%), and Black (1.89%) populations.

What This Means for You

For homebuyers, ZIP 07093 offers a competitive yet accessible housing market with a median home value of $390,300, ideal for those seeking a long-term investment in a diverse and populated area. The median rent of $1,619 also makes this a viable option for renters who value community vibrancy over ownership. Real estate investors and agents can capitalize on the 27,451 housing units, some of which may be available for turnover or development, especially given the area’s steady population of over 63,000. Small-business owners will find a promising customer base in this culturally rich community, particularly if offerings can cater to the predominant Hispanic demographic (nearly 75% of residents). Analysts can use these metrics to benchmark ZIP 07093 against neighboring areas, identifying trends in income, housing, or diversity that signal growth potential. Whatever your role, this data equips you to act with confidence.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 07093? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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