ZIP 08205 - 860Z200US08205 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08205, understanding the area’s demographic and housing landscape is essential. Located in New Jersey, this ZIP code offers a diverse community with a population of over 28,000 residents. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, this snapshot provides a clear, data-driven look at what makes ZIP 08205 unique. Using the latest 2023 data, we’ll break down population trends, household income, housing costs, and racial composition to help you make informed decisions.

Population & Households

ZIP 08205 is home to 28,236 residents, making it a moderately sized community with a mix of families, professionals, and retirees. The area supports 11,172 households, reflecting a stable residential base. With 11,660 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. This balance suggests a community with room for growth while maintaining a comfortable density for residents and businesses alike.

Income & Housing Costs

The median household income in ZIP 08205 stands at $88,636, pointing to a relatively affluent community with solid earning potential. This income level supports a strong local economy, which can be a draw for small businesses seeking a customer base with disposable income. On the housing front, the median house value is $263,300, offering a reasonable entry point for buyers in the New Jersey market. For renters, the median rent is $1,527 per month, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight ZIP 08205 as a balanced market for both owning and renting, with costs that reflect the area’s economic stability.

Race & Ethnicity

ZIP 08205 boasts a diverse population, which adds to its cultural richness and appeal for a wide range of residents and businesses. The racial composition breaks down as follows: 62.46% White, 7.33% Black, 8.81% Asian, and 13.72% Hispanic. This diversity can be a significant asset for businesses looking to cater to varied customer preferences or for families seeking an inclusive community. It also signals a welcoming environment for newcomers from different backgrounds, making ZIP 08205 a vibrant place to live or work.

Key Facts

• Total population: 28,236 residents, offering a sizable community for engagement.
• Total households: 11,172, indicating a stable residential foundation.
• Total housing units: 11,660, with a small surplus of available properties.
• Median household income: $88,636, reflecting strong local earning power.
• Median house value: $263,300, a competitive price point for New Jersey.
• Median rent: $1,527, reasonable for the area’s income levels.
• Racial diversity: White (62.46%), Hispanic (13.72%), Asian (8.81%), Black (7.33%).

What This Means for You

For homebuyers, ZIP 08205 presents a promising opportunity with median home values at $263,300, which is accessible compared to other parts of New Jersey. The slight surplus of housing units could mean less competition for available properties. Investors and real estate agents might find value in the area’s stable household base and income levels, which support consistent demand for both rentals and purchases. The median rent of $1,527 also suggests a viable rental market for landlords. Small-business owners can benefit from the area’s diversity and solid median income of $88,636, which points to a customer base with purchasing power across various demographics. Finally, analysts can use this data to identify trends in housing availability and demographic shifts, helping to predict future growth or investment potential in ZIP 08205.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 08205? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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