ZIP 08701 - 860Z200US08701 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08701, located in Ocean County, New Jersey, understanding the local demographics and housing landscape is essential. This snapshot provides a detailed look at the area’s population, income levels, housing costs, and racial composition based on the latest 2023 data. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights can help you make informed decisions about this vibrant community.

Population & Households

ZIP 08701 is home to a substantial population of 136,784 residents, making it a significant community in the region. This population is distributed across 31,224 households, reflecting a mix of family sizes and living arrangements. With 33,539 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 to enter the market.

Income & Housing Costs

The median household income in ZIP 08701 stands at $62,811, which offers a glimpse into the economic profile of the area. This income level suggests a community with moderate earning power, potentially appealing to businesses targeting middle-income consumers. On the housing front, the median home value is $430,700, reflecting a robust real estate market that could attract buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,701 per month, indicating a competitive rental market that may influence decisions for both tenants and landlords.

Race & Ethnicity

The demographic makeup of ZIP 08701 is predominantly White, with 84.01% of the population identifying as such. Hispanic or Latino residents make up 11.14% of the community, while Black or African American residents account for 1.84%, and Asian residents comprise 0.76%. This composition points to a largely homogeneous area with a notable Hispanic presence, which could influence cultural dynamics, local businesses, and community services. Understanding this diversity can help tailor business offerings or community engagement strategies.

Key Facts

• Total population: 136,784 residents, indicating a sizable community.
• Total households: 31,224, showing a strong base of local families and individuals.
• Total housing units: 33,539, suggesting some availability for new occupants.
• Median household income: $62,811, reflecting moderate economic stability.
• Median home value: $430,700, pointing to a strong real estate market.
• Median rent: $1,701, indicative of a competitive rental landscape.
• Racial composition: 84.01% White, 11.14% Hispanic, 1.84% Black, 0.76% Asian.

What This Means for You

For homebuyers, ZIP 08701 offers a stable housing market with a median home value of $430,700, which could represent a solid investment given the area’s sizable population and community infrastructure. The slight surplus of housing units (33,539 total units versus 31,224 households) might provide some negotiating room, though competition could still be stiff due to the desirable location.

For investors and real estate agents, the data suggests potential in both buying and renting properties. With a median rent of $1,701, rental properties could yield steady returns, especially for those targeting middle-income renters. The home value trends also hint at opportunities for appreciation over time, making this ZIP code a candidate for long-term investment strategies.

For small-business owners, the population of 136,784 and median income of $62,811 indicate a sizable customer base with disposable income for goods and services. The racial and ethnic diversity, particularly the Hispanic community at 11.14%, could guide targeted marketing or product offerings to resonate with local demographics.

For analysts, these metrics provide a foundation for deeper studies into economic trends, housing demand, or community needs in ZIP 08701. The data can serve as a benchmark for comparisons with neighboring areas or historical shifts.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 08701? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to inform your next move, investment, or business decision with confidence and precision.