ZIP Code 07450 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 07450, located in an affluent area of New Jersey, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 26,000 and a median household income exceeding $217,000, this ZIP code represents a prosperous and diverse area with high housing costs. 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 07450 is home to 26,076 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 8,816 households, indicating an average household size of roughly 3 people. This balance of population and household density suggests a family-oriented area with a mix of single-family homes and possibly some multi-unit dwellings. For those looking to settle or invest, this population size offers a stable community with enough scale to support local businesses and amenities.

Income & Housing Costs

One of the standout metrics for ZIP 07450 is its median household income of $217,250, which places it among the higher-earning areas in the region. This financial strength is reflected in the housing market, where the median house value stands at an impressive $882,700. For renters, the median monthly rent is $2,340, indicating a premium cost of living across both ownership and rental markets. These figures suggest that ZIP 07450 attracts high-income households and offers significant value for real estate investors, though affordability may be a challenge for some buyers or tenants.

Race & Ethnicity

The demographic makeup of ZIP 07450 is notably diverse, with a racial and ethnic composition that reflects a blend of backgrounds. White residents account for 67.15% of the population, followed by Asian residents at 16.41%, Hispanic or Latino residents at 10.2%, and Black residents at 2.2%. This diversity contributes to a culturally rich environment, which can be a draw for families seeking inclusive communities and for businesses aiming to serve a varied customer base. Understanding this mix is key for tailoring services, marketing, or community engagement strategies in this area.

Key Facts

• Total population: 26,076 residents in ZIP 07450 as of 2023.
• Total households: 8,816, averaging about 3 people per household.
• Total housing units: 9,166, with a small vacancy rate indicating high demand.
• Median household income: $217,250, reflecting a high-earning community.
• Median house value: $882,700, signaling a premium real estate market.
• Median rent: $2,340 per month, consistent with the area’s cost of living.
• Racial diversity: 67.15% White, 16.41% Asian, 10.2% Hispanic, 2.2% Black.

What This Means for You

For homebuyers, ZIP 07450 offers a prestigious address with access to a high-income, diverse community, though the median home value of $882,700 means you’ll need substantial financial resources or a strategic financing plan. The family-friendly household size and cultural diversity make it an appealing place to raise children or integrate into a vibrant social fabric.

For real estate investors and agents, the high median house values and tight housing supply (with only 9,166 total units for 8,816 households) suggest strong appreciation potential and low vacancy risks. However, the high entry costs may limit your buyer pool to wealthier clients or institutional investors.

For small-business owners, the affluent population with a median income of $217,250 presents an opportunity to offer premium goods or services. The diverse demographic mix also means you can cater to varied tastes and cultural preferences, while the population size ensures a sizable local market.

For analysts, these metrics highlight ZIP 07450 as a high-value, stable market with diversity and economic strength. It’s a prime area for deeper studies on housing trends, income inequality, or community development needs.

Run This Study Yourself

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