ZIP Code 07701 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 07701, located in Monmouth County, New Jersey, understanding the local demographics and housing landscape is essential. This snapshot provides a clear, data-driven look at the area’s population, income levels, housing costs, and cultural composition based on the latest 2023 figures. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about this vibrant community.

Population & Households

ZIP 07701 is home to a population of 24,544 residents, making it a moderately sized community with a mix of urban and suburban characteristics. The area supports 10,736 households, reflecting a strong residential base. With 11,082 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in the area. This balance suggests a stable housing market with room for growth or investment.

Income & Housing Costs

The median household income in ZIP 07701 stands at $113,630, positioning it as an affluent area compared to national averages. This higher income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $551,500, reflecting a premium market that aligns with the income demographics. For renters, the median rent is $1,971 per month, indicating a competitive rental market that may appeal to investors seeking steady returns. These figures highlight ZIP 07701 as a desirable location for those with the financial capacity to invest in property or establish a business.

Race & Ethnicity

The cultural makeup of ZIP 07701 offers a glimpse into its diversity and community dynamics. The population is predominantly White at 72.86%, with significant representation from Hispanic or Latino residents at 18.5%. Black or African American residents account for 4.17%, while Asian residents make up 2.18%. This diversity can enrich the community’s social fabric, offering a blend of perspectives and cultural influences. For businesses, this mix presents opportunities to cater to varied customer needs, while homebuyers may appreciate the inclusive environment.

Key Facts

• Total population: 24,544 residents, offering a sizable community for engagement or customer base.
• Total households: 10,736, indicating a strong residential presence.
• Total housing units: 11,082, suggesting potential availability for new occupants or investors.
• Median household income: $113,630, reflecting a financially stable population.
• Median home value: $551,500, positioning this as a high-value real estate market.
• Median rent: $1,971, highlighting a competitive rental landscape.
• Racial composition: 72.86% White, 18.5% Hispanic, 4.17% Black, 2.18% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 07701 offers a premium housing market with median home values at $551,500, ideal for those seeking long-term value in a financially stable community. The slight surplus of housing units (11,082 vs. 10,736 households) may provide some negotiating room, though the high median rent of $1,971 suggests strong demand for rentals as well. Investors and real estate agents will find potential in this balance, with opportunities for both property flips and rental income in a market supported by a median household income of $113,630. Small-business owners can leverage the diverse population of 24,544 and the area’s affluence to target a range of customer needs, from everyday services to niche offerings. Analysts can use these metrics to benchmark ZIP 07701 against neighboring areas, identifying trends in housing and demographic shifts for deeper market studies.

Run This Study Yourself

Want to dive deeper into ZIP 07701 or explore another area’s demographics and housing data? Follow these simple steps to get customized insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
• Enter the ZIP code of interest to generate a detailed report tailored to your needs.
• Use the data to inform your decisions, whether for buying, investing, or starting a business.