ZIP Code 07860 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 07860 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of suburban charm and economic potential. In this detailed snapshot based on 2023 data, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 07860.

Population & Households

ZIP 07860 is home to a population of 26,521 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 10,389 households, reflecting a stable and family-oriented environment. With 11,473 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. This balance suggests a community with room for growth while maintaining a comfortable density for residents and businesses alike.

Income & Housing Costs

Financially, ZIP 07860 stands out with a median household income of $104,113, signaling a relatively affluent population with strong purchasing power. This income level supports a robust local economy, which can be a draw for small businesses targeting middle- to upper-income customers. On the housing front, the median house value is $336,600, offering a reasonable entry point for buyers in a competitive market. For renters, the median rent is $1,437 per month, reflecting a rental market that aligns with the area’s income levels. These figures suggest that ZIP 07860 offers a balanced cost of living for both homeowners and renters, making it an attractive option for diverse groups.

Race & Ethnicity

The demographic makeup of ZIP 07860 is predominantly White, with 83.94% of the population identifying as such. Hispanic residents account for 7.66%, while Black and Asian populations make up 2.77% and 1.31%, respectively. This composition indicates a community with a strong cultural foundation, yet with some diversity that can enrich local businesses and social dynamics. For business owners, understanding this breakdown can help tailor products or services to the majority demographic while also addressing the needs of smaller, yet significant, minority groups in ZIP 07860.

Key Facts

• Total population in ZIP 07860: 26,521 residents.
• Total households: 10,389, indicating a family-friendly community.
• Total housing units: 11,473, suggesting potential availability for new residents or investors.
• Median household income: $104,113, reflecting strong economic stability.
• Median house value: $336,600, a competitive price for the region.
• Median rent: $1,437, aligning with local income levels.
• Racial composition: 83.94% White, 7.66% Hispanic, 2.77% Black, 1.31% Asian.

What This Means for You

For homebuyers, ZIP 07860 presents a promising opportunity with median home values at $336,600, which are accessible for many given the high median household income of $104,113. The slight surplus of housing units over households could mean less competition for available properties. Real estate investors and agents should note the potential for rental income, as the median rent of $1,437 suggests a steady demand for leasing options in a financially stable community. Small-business owners can leverage the area’s affluent demographic and cultural makeup to offer targeted goods or services, especially those appealing to a predominantly White population with growing Hispanic representation. Analysts will find the data points to a balanced, growing community with economic strengths worth monitoring for future trends in ZIP 07860.

Run This Study Yourself

• Curious about diving deeper into ZIP 07860 or comparing it with other areas? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific needs.
• Use the insights to make data-driven decisions for buying, investing, or launching a business with confidence.