ZIP 08742 - 860Z200US08742 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 08742, located in New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a population of over 25,000 and a strong median household income, this ZIP code presents a stable and potentially lucrative market for homebuyers, real estate investors, small-business owners, and analysts. Below, we break down the key metrics—population, income, housing costs, and diversity—to help you make informed decisions.

Population & Households

ZIP 08742 is home to 25,558 residents, making it a moderately sized community with a solid residential base. These individuals are spread across 10,502 households, indicating an average household size of roughly 2.4 people. This balance suggests a mix of families, couples, and potentially single residents, offering a diverse customer base for businesses and a varied housing demand for investors. Additionally, the area has 12,604 total housing units, pointing to some vacancy or seasonal properties, which could be of interest to those looking for rental or investment opportunities.

Income & Housing Costs

One of the standout metrics for ZIP 08742 is its median household income of $111,983, which reflects a financially stable community with significant purchasing power. This income level positions the area as attractive for businesses targeting middle- to upper-income consumers. On the housing front, the median home value stands at $576,300, indicating a high-demand real estate market where property values are robust. For renters, the median rent is $1,879 per month, suggesting that rental properties could provide steady returns for investors, though affordability might be a concern for some tenants. These figures highlight a competitive housing market that requires careful financial planning for prospective buyers.

Race & Ethnicity

The demographic makeup of ZIP 08742 shows a predominantly white population at 86.46%, with smaller percentages of Black (0.59%) and Asian (0.56%) residents. The Hispanic population accounts for 10.45%, adding a layer of cultural diversity to the community. This composition suggests a relatively homogenous area with pockets of diversity, which could influence community dynamics, business offerings, and housing preferences. For businesses, understanding these demographics can help tailor products or services to the majority while also addressing niche markets.

Key Facts

• Total population: 25,558 residents in ZIP 08742 as of 2023.
• Total households: 10,502, with an average size of about 2.4 people.
• Total housing units: 12,604, indicating potential vacancies or seasonal properties.
• Median household income: $111,983, reflecting strong economic stability.
• Median home value: $576,300, pointing to a high-value real estate market.
• Median rent: $1,879 per month, suggesting a competitive rental landscape.
• Racial composition: 86.46% white, 10.45% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 08742 offers a stable community with high property values, but the median home price of $576,300 means you’ll need a solid budget or financing plan. The strong median income suggests neighbors with financial security, which often correlates with well-maintained areas and good schools. For investors and real estate agents, the gap between total housing units and households hints at opportunities for rentals or flips, especially given the high median rent of $1,879. However, competition may be stiff due to the area’s desirability. For small-business owners, the high median income of $111,983 indicates a customer base with disposable income, ideal for premium products or services, though you’ll want to consider the demographic makeup to refine your offerings. Finally, analysts can use these metrics to benchmark ZIP 08742 against nearby areas for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 08742? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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