ZIP Code 07631 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 07631 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear, data-driven look at the area. Located in Bergen County, New Jersey, ZIP 07631 (often associated with Englewood) is a vibrant community of nearly 30,000 residents. With a mix of cultural diversity, solid income levels, and a competitive housing market, this area presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics for 2023 to help you make informed decisions.

Population & Households

As of 2023, ZIP 07631 is home to a population of 29,342 individuals. This sizable community is distributed across 11,258 households, reflecting a mix of family structures and living arrangements. The total number of housing units in the area stands at 12,047, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or renters, though market dynamics like pricing and demand will play a significant role. Understanding the population size and household distribution is crucial for gauging local demand for goods, services, and real estate.

Income & Housing Costs

Financially, ZIP 07631 stands out with a median household income of $101,398, which is notably higher than many national averages. This suggests a relatively affluent community with purchasing power that could benefit local businesses and attract investors. On the housing front, the median home value is $497,500, reflecting a premium market where properties hold significant value. For renters, the median rent is $1,925 per month, indicating a costly rental landscape that aligns with the area’s overall economic profile. These figures highlight the importance of financial planning for prospective residents or investors eyeing this ZIP code.

Race & Ethnicity

One of the defining characteristics of ZIP 07631 is its cultural diversity. The racial and ethnic composition of the area includes 30.41% White, 18.95% Black, 12.99% Asian, and 31.97% Hispanic residents. This near-balanced mix creates a rich, multicultural environment that can appeal to a wide range of individuals and businesses. For homebuyers, this diversity often translates to a welcoming community with varied cultural amenities. For businesses, it means a broad customer base with diverse needs and preferences, offering opportunities to cater to niche markets.

Key Facts

• Total population: 29,342 residents in 2023, indicating a robust community size.
• Total households: 11,258, reflecting a mix of family and individual living arrangements.
• Total housing units: 12,047, suggesting potential availability for new residents or investors.
• Median household income: $101,398, showcasing strong local earning power.
• Median home value: $497,500, indicative of a high-value real estate market.
• Median rent: $1,925 per month, pointing to a premium rental market.
• Diverse demographics: Roughly 32% Hispanic, 30% White, 19% Black, and 13% Asian.

What This Means for You

For homebuyers, ZIP 07631 offers a diverse and affluent community, but the high median home value of $497,500 and median rent of $1,925 mean you’ll need a solid budget or financing plan. The slight surplus of housing units (12,047 vs. 11,258 households) could provide some negotiation leverage, though competition may still be stiff given the area’s appeal. Investors and real estate agents will find a lucrative market with strong property values and a median income of over $100,000, suggesting residents can support premium pricing—ideal for rental properties or flips, provided you account for high entry costs. Small-business owners can tap into a culturally diverse customer base of nearly 30,000 people with significant disposable income, making this an excellent spot for tailored services or products. Analysts can use these metrics to benchmark ZIP 07631 against neighboring areas, focusing on income, diversity, and housing trends to predict future growth or shifts.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 07631? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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