ZIP 08648 - 860Z200US08648 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08648, located in New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 31,000 and a median household income exceeding $118,000, this ZIP code presents a vibrant, economically stable community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you understand the market dynamics and cultural makeup of 08648.

Population & Households

ZIP 08648 is home to 31,142 residents, making it a moderately sized community with a diverse population base. The area supports 11,553 households, reflecting a strong residential presence. With 12,217 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable housing environment with room for growth or turnover, depending on your goals.

Income & Housing Costs

One of the standout metrics for ZIP 08648 is its median household income of $118,036, which points to a financially secure community. This income level positions the area as attractive for businesses targeting middle- to upper-income consumers and for homebuyers seeking a prosperous neighborhood. Housing costs align with this economic strength: the median house value stands at $395,400, indicating a robust real estate market. For renters, the median rent is $1,953 per month, which reflects a premium rental market but also suggests strong demand for housing in this area. These figures highlight 08648 as a place where value and opportunity intersect for various stakeholders.

Race & Ethnicity

The cultural fabric of ZIP 08648 is notably diverse, offering a rich community dynamic for residents and businesses alike. The racial and ethnic composition breaks down as follows: 55.76% White, 12.49% Black, 14.08% Asian, and 15.57% Hispanic. This diversity can be a significant draw for those seeking an inclusive environment or for businesses aiming to cater to a wide range of cultural preferences and needs. Understanding this mix can help tailor real estate strategies, marketing campaigns, or community engagement efforts in 08648.

Key Facts

• Total population: 31,142 residents in 2023, offering a sizable community for engagement or investment.
• Total households: 11,553, indicating a strong base of family and individual units.
• Median household income: $118,036, reflecting economic stability and purchasing power.
• Median house value: $395,400, suggesting a high-value real estate market.
• Median rent: $1,953, pointing to a competitive rental landscape.
• Diverse demographics: 55.76% White, 15.57% Hispanic, 14.08% Asian, and 12.49% Black.
• Total housing units: 12,217, with a small surplus over occupied households, hinting at potential availability.

What This Means for You

For homebuyers, ZIP 08648 offers a financially stable community with a median income of over $118,000 and home values averaging $395,400. This suggests a solid investment in a neighborhood likely to retain or grow in value, though affordability may be a consideration given the price point. Investors and real estate agents will find opportunity in the slight surplus of housing units (12,217 total vs. 11,553 households), which could mean available properties for flipping, renting, or selling. The high median rent of $1,953 also signals strong rental income potential. Small-business owners can leverage the diverse population and high income levels to target a broad, affluent customer base—think niche retail, dining, or services tailored to varied cultural tastes. Analysts can use these metrics to benchmark 08648 against nearby ZIP codes for deeper market studies. Across all groups, the area’s diversity and economic strength are key assets to consider when planning your next move.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 08648? 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 buying, investing, or launching a business with confidence.