ZIP 07747 - 860Z200US07747 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 07747, located in Monmouth County, New Jersey, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ve compiled key metrics on population, income, housing, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 07747 unique and how its characteristics can align with your goals.

Population & Households

ZIP 07747 is home to a population of 32,246 residents, making it a moderately sized community with a mix of urban and suburban vibes. This area supports 12,788 households, reflecting a strong residential base. With 13,134 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. The population density and household composition suggest a community that’s active and family-oriented, ideal for those seeking a balance of connection and personal space.

Income & Housing Costs

Financially, ZIP 07747 stands out with a median household income of $124,896, indicating a relatively affluent area where residents enjoy a comfortable standard of living. Housing costs align with this income level, as the median home value is $464,100—a figure that reflects a robust real estate market. For renters, the median monthly rent is $1,840, which is significant but manageable for many given the income levels. These numbers suggest that ZIP 07747 is a place where property holds strong value, appealing to both homeowners and investors seeking stable returns.

Race & Ethnicity

The demographic makeup of ZIP 07747 showcases a diverse community, which can be a draw for those valuing cultural variety. The racial composition includes 65.66% White, 7.07% Black, 9.2% Asian, and 11.59% Hispanic residents. This mix indicates a multicultural environment where different perspectives and traditions coexist, fostering a vibrant social fabric. For businesses and families, this diversity can translate into a welcoming atmosphere and a broad customer or neighbor base.

Key Facts

• Total population: 32,246 residents, offering a sizable community for engagement.
• Total households: 12,788, reflecting a strong residential presence.
• Median household income: $124,896, indicating economic stability.
• Median home value: $464,100, pointing to a valuable real estate market.
• Median rent: $1,840 per month, relevant for renters and landlords.
• Diverse population: 65.66% White, 11.59% Hispanic, 9.2% Asian, 7.07% Black.
• Total housing units: 13,134, suggesting potential availability for new occupants.

What This Means for You

For homebuyers, ZIP 07747 offers a promising market with a median home value of $464,100, reflecting properties that are likely to retain or grow in value over time. The high median income suggests neighbors with financial stability, often correlating with well-maintained communities. If you’re a real estate investor or agent, the slight gap between housing units and households (13,134 vs. 12,788) hints at opportunities for rentals or flips, especially with a median rent of $1,840 attracting reliable tenants. Small-business owners can benefit from the area’s diversity and population size—32,246 potential customers with disposable income (median $124,896) provide a solid market for goods and services tailored to varied cultural needs. Lastly, analysts can use these metrics to benchmark ZIP 07747 against nearby areas, identifying trends in income, housing demand, or demographic shifts. This data equips you with a foundation to act confidently, whether you’re buying, investing, or launching a venture.

Run This Study Yourself

• Curious about other ZIP codes or want a deeper dive into ZIP 07747? Start by visiting ZipcodeGPT to access powerful demographic tools.
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• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your next move or investment.