ZIP 08332 - 860Z200US08332 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 08332 for your next home, investment, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a blend of diversity, affordability, and opportunity. With a population of over 35,000 and a median household income of $65,825, it presents a snapshot of a community with varied needs and potential. This article breaks down the key metrics for 2023, providing clear insights for homebuyers, real estate investors, small-business owners, and analysts looking to make informed decisions.

Population & Households

ZIP 08332 is home to a sizable population of 35,214 residents, spread across 14,299 households. This translates to an average household size of roughly 2.5 people, suggesting a mix of families, couples, and individuals. The total number of housing units stands at 15,063, indicating a slight surplus of available homes compared to occupied households. For those exploring this area, whether to settle down or invest, these numbers point to a community with room for growth and a stable residential base.

Income & Housing Costs

The median household income in ZIP 08332 is $65,825, reflecting a moderate earning capacity that supports a range of lifestyles. When it comes to housing, the median home value is $195,900, which positions this area as relatively affordable compared to many urban markets. For renters, the median monthly rent is $1,223, offering a viable alternative for those not ready to buy. These figures suggest that ZIP 08332 could be an attractive option for first-time homebuyers or investors seeking properties with reasonable entry costs and potential for appreciation.

Race & Ethnicity

Diversity is a defining feature of ZIP 08332, with a racial and ethnic composition that reflects a vibrant community. The population identifies as 59.37% White, 14.97% Black, 1.57% Asian, and 16.93% Hispanic. This mix fosters a culturally rich environment, which can be a draw for families seeking inclusive neighborhoods or businesses aiming to serve a broad customer base. Understanding this demographic makeup is crucial for tailoring real estate strategies or marketing efforts to resonate with local residents.

Key Facts

• Total population: 35,214 residents, indicating a substantial community with diverse needs.
• Total households: 14,299, with an average size of about 2.5 people per household.
• Total housing units: 15,063, suggesting some availability for new occupants or investors.
• Median household income: $65,825, supporting a middle-income lifestyle.
• Median home value: $195,900, offering affordability in today’s market.
• Median rent: $1,223 per month, a competitive rate for renters.
• Racial diversity: 59.37% White, 14.97% Black, 1.57% Asian, 16.93% Hispanic, reflecting a multicultural area.

What This Means for You

For homebuyers, ZIP 08332 offers an affordable entry point with a median home value of $195,900, well below many metropolitan averages. The slight surplus of housing units (15,063 total versus 14,299 households) could mean less competition when searching for a property. Investors and real estate agents might see potential in this area for rental properties, given the median rent of $1,223 and a diverse tenant pool. The moderate median income of $65,825 suggests tenants can sustain reasonable rents, while the home values indicate room for growth in property appreciation.

For small-business owners, the diverse population of 35,214, with significant White, Black, and Hispanic representation, offers a chance to cater to varied cultural preferences. Whether you’re opening a retail store, restaurant, or service-based business, tailoring your offerings to this demographic mix could drive customer loyalty. Analysts can use these metrics to benchmark ZIP 08332 against neighboring areas, identifying trends in affordability, diversity, or housing demand that inform broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into 08332? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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