ZIP 08080 - 860Z200US08080 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 08080, located in New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, strong income levels, and a stable housing market, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes this community tick and how it aligns with your goals.

Population & Households

ZIP 08080 is home to a population of 39,360 residents, making it a moderately sized community with a robust local market. These individuals are distributed across 14,455 households, reflecting a strong residential base. The total number of housing units stands at 14,746, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing environment, with potential opportunities for buyers or renters looking to settle in the area.

Income & Housing Costs

One of the standout features of ZIP 08080 is its strong economic profile. The median household income is $119,919, which positions this area as an affluent community compared to national averages. This higher income level supports a robust local economy, benefiting businesses and signaling financial stability for potential residents.

On the housing front, the median home value is $330,400, reflecting a solid real estate market that could appeal to investors seeking appreciation potential or buyers looking for a long-term home. For renters, the median rent is $1,674 per month, which aligns with the area’s higher income and housing values. These figures suggest that while costs are elevated, they are supported by the community’s earning power, making ZIP 08080 a viable option for those with the means to invest or relocate.

Race & Ethnicity

The demographic makeup of ZIP 08080 offers insight into the community’s diversity and cultural fabric. The population is predominantly White at 82.09%, with smaller but notable representation from Black (5.76%), Asian (4.34%), and Hispanic (4.82%) residents. This composition indicates a primarily homogeneous area with pockets of diversity, which may influence community dynamics, local businesses, and cultural offerings. For businesses or investors, understanding this mix can help tailor services or marketing strategies to resonate with the majority while addressing the needs of smaller demographic groups.

Key Facts

• Total population: 39,360 residents, offering a substantial local market.
• Total households: 14,455, indicating a strong residential presence.
• Total housing units: 14,746, with a small surplus of available homes.
• Median household income: $119,919, reflecting economic strength.
• Median home value: $330,400, suggesting a stable real estate market.
• Median rent: $1,674, consistent with the area’s income and housing profile.
• Racial composition: 82.09% White, 5.76% Black, 4.34% Asian, 4.82% Hispanic.

What This Means for You

For homebuyers, ZIP 08080 offers a financially stable community with a median home value of $330,400, ideal for those seeking a long-term investment in a prosperous area. The slight surplus of housing units may provide some negotiating power, though the higher price point reflects the area’s desirability and economic strength.

For investors and real estate agents, the combination of high median income and home values signals potential for rental income or property appreciation. The stable household count and population size suggest consistent demand, making this ZIP code a promising area for residential investments.

For small-business owners, the affluent population with a median income of $119,919 represents a customer base with significant purchasing power. Whether you’re opening a retail store, service-based business, or restaurant, this economic backdrop supports targeting premium offerings or niche markets.

For analysts, the demographic and housing data of ZIP 08080 provides a foundation for deeper market studies, trend analysis, or comparative research with neighboring areas. The diversity metrics and income levels offer valuable context for understanding community needs and growth potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 08080? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your homebuying, investment, or business decisions with confidence.