ZIP Code 08060 — Demographics & Housing Data 2023

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08060, located in New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a median household income above $100,000, this ZIP code presents a blend of suburban stability and diversity. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the community’s dynamics and make informed decisions.

Population & Households

ZIP 08060 is home to 25,647 residents, making it a moderately sized community with a strong residential base. These individuals are distributed across 9,597 households, reflecting a mix of family and individual living arrangements. With 10,198 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 for rental opportunities.

Income & Housing Costs

The median household income in ZIP 08060 stands at $107,165, signaling a relatively affluent community with solid earning potential. This income level supports a robust housing market, where the median home value is $292,000. For those considering renting, the median monthly rent is $1,619, which aligns with the area’s income profile and suggests a market for both homeownership and leasing. These figures position ZIP 08060 as a financially stable area with opportunities for various income brackets.

Race & Ethnicity

ZIP 08060 boasts a diverse population, which adds to its cultural richness and appeal for businesses and residents alike. The racial composition includes 49.42% White, 24.95% Black, 4.16% Asian, and 12.98% Hispanic residents. This diversity creates a vibrant community atmosphere, offering a wide range of perspectives and potential customer bases for small businesses. It also reflects an inclusive environment that could attract families and individuals seeking a welcoming place to live.

Key Facts

• Total population: 25,647 residents in 2023.
• Total households: 9,597, indicating a strong residential presence.
• Total housing units: 10,198, with some potential vacancy for new occupants.
• Median household income: $107,165, above the national average.
• Median home value: $292,000, reflecting a stable real estate market.
• Median rent: $1,619 per month, catering to a range of renters.
• Diverse demographics: 49.42% White, 24.95% Black, 4.16% Asian, 12.98% Hispanic.

What This Means for You

For homebuyers, ZIP 08060 offers a promising market with a median home value of $292,000 and a community that balances affordability with a high median income of over $107,000. The slight surplus of housing units suggests you might find options to suit your needs, whether you’re a first-time buyer or upgrading.

For investors and real estate agents, the combination of a stable median home value and a median rent of $1,619 points to potential in both long-term appreciation and rental income. The area’s diversity and population size also indicate a steady demand for housing, making it a worthwhile consideration for your portfolio.

For small-business owners, the diverse demographic makeup and solid household income levels create a fertile ground for customer engagement. Whether you’re opening a retail store, restaurant, or service-based business, the cultural variety and financial stability of ZIP 08060 residents can support a wide range of ventures.

For analysts, these metrics provide a snapshot of a thriving suburban area with economic strength and demographic balance. The data can inform broader market studies or localized investment strategies, offering a reliable foundation for deeper research.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 08060? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to make informed decisions for your next home purchase, investment, or business expansion with confidence.