ZIP 08701 - 860Z200US08701 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 08701 for a home purchase, investment opportunity, or business venture, understanding the area’s demographic and housing landscape is essential. Located in Ocean County, New Jersey, this ZIP code encompasses a sizable community with unique characteristics that can influence your decisions. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed choices.

Population & Households

ZIP 08701 is home to a substantial population of 136,784 residents, making it a vibrant and densely populated area. This large community is distributed across 31,224 households, reflecting a mix of family units, singles, and retirees. With 33,539 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. For businesses, this population size suggests a significant customer base with diverse needs.

Income & Housing Costs

The median household income in ZIP 08701 stands at $62,811, which offers insight into the economic profile of the area. This income level suggests a community with moderate purchasing power, relevant for businesses targeting middle-income consumers or for homebuyers assessing affordability. On the housing front, the median home value is $430,700, reflecting a relatively high cost of ownership that may appeal to investors seeking appreciation potential. For renters, the median rent is $1,701 per month, indicating a competitive rental market that could impact affordability for some households.

Race & Ethnicity

The demographic makeup of ZIP 08701 is predominantly White, with 84.01% of the population identifying as such. Hispanic residents make up 11.14% of the population, while Black and Asian communities account for 1.84% and 0.76%, respectively. This composition points to a largely homogeneous area with a notable Hispanic presence, which could influence cultural dynamics, business opportunities, and community services. For businesses, understanding this diversity can help tailor offerings, while homebuyers might consider the cultural fit of the neighborhood.

Key Facts

• Total population: 136,784 residents, indicating a large and active community.
• Total households: 31,224, reflecting a mix of family and individual living arrangements.
• Total housing units: 33,539, suggesting some availability for new occupants or investors.
• Median household income: $62,811, pointing to moderate economic stability.
• Median home value: $430,700, a significant investment consideration.
• Median rent: $1,701, relevant for renters and rental property investors.
• 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 sizable community with a median home value of $430,700, which may require careful financial planning given the area’s median income of $62,811. The slight surplus of housing units could mean opportunities to negotiate or find a property that fits your needs, though high costs might be a barrier for some. Investors and real estate agents will note the potential for property value growth in a high-demand area, alongside a competitive rental market with median rents at $1,701—ideal for targeting middle-income tenants. Small-business owners can leverage the large population of 136,784 as a robust customer base, while considering the cultural makeup to offer relevant products or services, especially to the significant White and Hispanic communities. Analysts can use this data to benchmark ZIP 08701 against neighboring areas for deeper market insights.

Run This Study Yourself

Want to dive deeper into ZIP 08701 or explore another area? With ZipcodeGPT, you can access detailed demographic and housing data tailored to your needs. Here’s how to get started:

• Visit ZipcodeGPT and enter the ZIP code you’re interested in analyzing.
• Review comprehensive metrics on population, income, housing, and more.
• Use the insights to inform your homebuying, investment, or business decisions.