ZIP 08028 - 860Z200US08028 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 08028 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and opportunity. With a population of over 24,000 and a median household income of $81,993, it’s a community that appeals to a wide range of individuals and families. In this detailed snapshot based on 2023 data, we break down the key metrics—population, income, housing costs, and racial composition—to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP 08028 is home to 24,806 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 8,251 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 9,006, indicating some availability of vacant or seasonal properties. This balance between population and housing suggests a stable residential area with room for growth, which could be attractive for those looking to settle or invest in the region.

Income & Housing Costs

Financially, ZIP 08028 presents a solid economic profile with a median household income of $81,993. This figure points to a community with a comfortable earning capacity, likely supporting a decent standard of living for many residents. When it comes to housing, the median home value is $278,500, which offers a reasonable entry point for buyers in today’s market, especially compared to higher-priced neighboring areas. For renters, the median rent is $1,554 per month, reflecting a cost that aligns with the area’s income levels. These metrics suggest that ZIP 08028 strikes a balance between affordability and value, making it a practical choice for diverse groups.

Race & Ethnicity

The cultural fabric of ZIP 08028 is notably diverse, fostering a rich community dynamic. The racial composition breaks down as follows: 60.83% White, 17.91% Black, 6.85% Asian, and 10.44% Hispanic. This mix indicates a multicultural environment where different backgrounds and perspectives coexist, which can be a significant draw for families seeking inclusive neighborhoods or businesses aiming to serve a varied customer base. This diversity also hints at a range of cultural amenities, events, and networks that enrich life in the area.

Key Facts

• Total population: 24,806 residents, offering a mid-sized community feel.
• Total households: 8,251, reflecting a mix of family and individual living arrangements.
• Total housing units: 9,006, suggesting some availability for new residents or investors.
• Median household income: $81,993, indicating a stable economic base.
• Median home value: $278,500, a competitive price for potential buyers.
• Median rent: $1,554, aligning with local income levels for renters.
• Racial diversity: 60.83% White, 17.91% Black, 6.85% Asian, 10.44% Hispanic, showcasing a multicultural community.

What This Means for You

For homebuyers, ZIP 08028 offers a compelling mix of affordability and community diversity. With a median home value of $278,500, it’s a feasible option for first-time buyers or those looking to upgrade without breaking the bank. The diverse population also means access to varied cultural experiences and schools that reflect a broad student body. Real estate investors and agents will find opportunity in the 9,006 housing units, some of which may be vacant or underutilized, potentially offering rental or flip potential in a market with steady demand. Small-business owners can leverage the area’s 24,806 residents and diverse demographics to target a wide customer base, especially with a median income of $81,993 supporting local spending power. Analysts can use these metrics to benchmark ZIP 08028 against nearby areas, identifying trends in housing affordability or demographic shifts. Across all groups, this ZIP code presents a balanced, opportunity-rich environment to explore.

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