ZIP 08046 - 860Z200US08046 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 08046, located in Willingboro, New Jersey, this demographic and housing snapshot offers a clear picture of the area based on 2023 data. With a population of over 31,000 and a diverse community, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 08046 is home to 31,876 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,745 households, reflecting a strong residential base. With 11,482 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to acquire property. Understanding the population and household dynamics in 08046 can help you gauge the community’s scale and potential demand for housing or services.

Income & Housing Costs

The median household income in ZIP 08046 stands at $91,447, suggesting a relatively stable economic environment for many residents. This income level supports a median home value of $240,000, which is accessible compared to higher-priced markets in nearby regions. For renters, the median rent is $1,941 per month, reflecting a significant cost for those not ready to buy. These figures provide a balanced view of affordability and investment potential, whether you’re looking to purchase a home, rent, or evaluate the financial landscape for a business venture in 08046.

Race & Ethnicity

The demographic makeup of ZIP 08046 is notably diverse, offering a rich cultural tapestry. The population is predominantly Black at 66.2%, with Hispanic residents comprising 15.18% and White residents at 10.01%. Asian residents make up a smaller share at 0.61%. This diversity can be a significant draw for those seeking an inclusive community or for businesses aiming to serve a varied customer base. Understanding the racial and ethnic composition of 08046 helps paint a picture of the social fabric you’ll encounter here.

Key Facts

• Total population: 31,876 residents, offering a substantial community base.
• Total households: 10,745, indicating a strong residential presence.
• Total housing units: 11,482, suggesting some availability for new occupants.
• Median household income: $91,447, reflecting economic stability for many families.
• Median home value: $240,000, a competitive price point for buyers.
• Median rent: $1,941, a notable cost for renters in the area.
• Racial diversity: Predominantly Black (66.2%), with significant Hispanic (15.18%) and White (10.01%) populations.

What This Means for You

For homebuyers, ZIP 08046 offers a compelling mix of affordability and community. With a median home value of $240,000 and a median income of over $91,000, purchasing a home here could be within reach for many, especially compared to pricier neighboring markets. The slight surplus of housing units may also mean less competition for available properties.

For investors and real estate agents, the data points to potential opportunities in both buying and renting. The median rent of $1,941 suggests a strong rental market, while the diversity of the population could attract a wide range of tenants or buyers. Keeping an eye on the unoccupied housing units could reveal undervalued properties ready for investment.

For small-business owners, the diverse demographic profile and sizable population of 31,876 provide a broad customer base. The solid median income indicates disposable income for goods and services, while the cultural diversity offers a chance to tailor offerings to varied preferences in 08046.

For analysts, these metrics serve as a foundation for deeper research into economic trends, housing demand, and community needs, helping to inform broader market or policy decisions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 08046? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your specific interests.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business in any area.