ZIP 08043 - 860Z200US08043 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08043, located in the heart of a dynamic region, this demographic and housing snapshot offers a clear picture of what to expect. Based on 2023 data, this area is home to over 31,000 residents and features a robust housing market with a median household income well above the national average. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into population, income, housing costs, and diversity can guide your next steps in ZIP 08043.

Population & Households

ZIP 08043 has a total population of 31,011, making it a moderately sized community with a mix of families, professionals, and individuals. The area supports 12,360 households, reflecting a strong residential base. With 12,688 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities in this area. This balance suggests a stable community with room for growth, ideal for those seeking a suburban or semi-urban lifestyle.

Income & Housing Costs

Financially, ZIP 08043 stands out with a median household income of $112,606, signaling a relatively affluent population. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $390,600, reflecting a competitive real estate market that aligns with the area’s higher income bracket. For renters, the median rent is $1,718 per month, which is significant but consistent with the cost of living in a prosperous region. These figures highlight ZIP 08043 as a place where quality housing comes at a premium, but the income levels suggest residents can afford it.

Race & Ethnicity

The demographic makeup of ZIP 08043 is notably diverse, offering a multicultural environment that can appeal to a wide range of residents and businesses. The racial composition includes 61.19% White, 7.84% Black, 20.0% Asian, and 5.95% Hispanic residents. This diversity fosters a vibrant community culture, which can be a significant advantage for businesses catering to varied customer bases or for families seeking an inclusive place to call home. The strong Asian population, in particular, stands out as a defining characteristic of the area’s cultural landscape.

Key Facts

• Total population: 31,011 residents in ZIP 08043 as of 2023.
• Total households: 12,360, supporting a stable residential community.
• Median household income: $112,606, indicating strong earning potential.
• Median home value: $390,600, reflecting a competitive housing market.
• Median rent: $1,718 per month, consistent with the area’s cost of living.
• Diverse population: 61.19% White, 20.0% Asian, 7.84% Black, 5.95% Hispanic.
• Total housing units: 12,688, with slight availability over occupied households.

What This Means for You

For homebuyers, ZIP 08043 offers a prosperous community with a median home value of $390,600, which suggests long-term value but requires a significant investment. The high median income indicates neighbors with financial stability, often correlating with well-maintained properties and good schools. For investors and real estate agents, the slight surplus of housing units over households could mean opportunities for rentals or flips, especially with a median rent of $1,718 attracting reliable tenants. The area’s diversity and income levels also point to a resilient market. For small-business owners, the affluent population and cultural diversity create a promising customer base for tailored products or services, from specialty foods to professional services. Finally, analysts can use this data to benchmark ZIP 08043 against nearby areas, noting its strong income and housing metrics as indicators of economic health.

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