ZIP 07302 - 860Z200US07302 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 07302, located in Jersey City, New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a vibrant population, high-income households, and a competitive housing market, this ZIP code stands out as a dynamic urban hub. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 07302 is home to a substantial population of 55,448 residents as of 2023. This sizable community is distributed across 28,070 households, reflecting a dense and active urban environment. The total number of housing units in the area is 30,163, indicating a slight surplus of available properties compared to occupied households. This balance suggests opportunities for both renters and buyers, though competition remains high due to the area’s appeal.

Income & Housing Costs

One of the standout features of ZIP 07302 is its strong economic profile. The median household income here is an impressive $166,854, pointing to a community with significant earning power. This high income level aligns with the area’s elevated housing costs. The median house value stands at $853,700, reflecting a premium real estate market that caters to affluent buyers or investors. For renters, the median rent is $2,960 per month, underscoring the cost of living in this sought-after location. These figures highlight ZIP 07302 as a high-value area with substantial financial barriers to entry but equally substantial potential returns.

Race & Ethnicity

The demographic makeup of ZIP 07302 is notably diverse, fostering a multicultural environment that appeals to a wide range of residents and businesses. The racial composition in 2023 breaks down as follows: 39.47% White, 6.73% Black, 33.58% Asian, and 15.21% Hispanic. This blend of backgrounds contributes to a rich cultural tapestry, making the area attractive for those seeking an inclusive and varied community. For businesses, this diversity offers a broad customer base with unique needs and preferences.

Key Facts

• Total population: 55,448 residents, indicating a robust urban community.
• Total households: 28,070, showing a high density of family and individual units.
• Total housing units: 30,163, suggesting some availability for new occupants.
• Median household income: $166,854, reflecting strong economic vitality.
• Median house value: $853,700, positioning this as a premium real estate market.
• Median rent: $2,960, indicative of high rental demand and costs.
• Diverse population: 39.47% White, 33.58% Asian, 15.21% Hispanic, 6.73% Black.

What This Means for You

For homebuyers, ZIP 07302 offers a prestigious address with access to a thriving, diverse community, but be prepared for steep costs—whether buying a home at a median value of $853,700 or renting at $2,960 monthly. This area suits high-earning individuals or families seeking urban amenities and cultural richness. Investors and real estate agents will find a lucrative market here, with high property values and rental rates promising strong returns, though the initial investment is significant. The slight surplus of housing units (30,163 vs. 28,070 households) may also signal room for strategic purchases or rentals. Small-business owners can tap into a wealthy and diverse customer base of over 55,000 residents, ideal for niche markets or services catering to varied cultural tastes. Finally, analysts can use these metrics to benchmark ZIP 07302 against other urban areas, noting its high income and housing costs as key differentiators.

Run This Study Yourself

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