ZIP 08861 - 860Z200US08861 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 08861, located in Perth Amboy, New Jersey, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and distinct housing market, this ZIP code presents unique opportunities and considerations for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in 08861.

Population & Households

ZIP 08861 is home to a robust population of 58,264 residents as of 2023. This sizable community is spread across 20,367 households, indicating a dense and active area with a strong residential presence. The total number of housing units stands at 21,032, suggesting a slight surplus of available properties relative to occupied households. For those eyeing this area, the population density could mean a vibrant local market but also potential competition for housing or business space.

Income & Housing Costs

The median household income in ZIP 08861 is $60,464, reflecting a moderate earning capacity for residents. This income level can influence affordability and spending power in the area, which is crucial for businesses targeting local consumers or investors assessing rental demand. On the housing front, the median home value is $340,900, positioning 08861 as a relatively accessible market compared to higher-priced regions in New Jersey. Meanwhile, the median rent is $1,623 per month, which may appeal to renters seeking alternatives to homeownership or investors looking at rental property yields. These figures provide a balanced view of affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 08861 is notably diverse, with a significant Hispanic population at 78.95% of residents. White residents account for 12.42%, Black residents make up 5.36%, and Asian residents comprise 1.94%. This rich cultural diversity shapes the community’s identity, influencing everything from local businesses to social dynamics. For homebuyers or business owners, this diversity can translate into a welcoming environment with opportunities to engage with a broad customer base or neighborhood network.

Key Facts

• Total population: 58,264 residents, indicating a sizable and active community.
• Total households: 20,367, reflecting a dense residential area.
• Total housing units: 21,032, with a small surplus of available properties.
• Median household income: $60,464, suggesting moderate local earning power.
• Median home value: $340,900, offering a relatively accessible housing market.
• Median rent: $1,623 per month, relevant for renters and rental investors.
• Dominant ethnicity: Hispanic at 78.95%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 08861 offers a housing market with a median value of $340,900, which could be attractive if you’re seeking affordability in New Jersey. The slight surplus of housing units (21,032 vs. 20,367 households) might give you some negotiating room, though the area’s density suggests acting quickly on desirable properties. The diverse community also means a culturally rich neighborhood to call home.

For investors and real estate agents, the combination of a $1,623 median rent and moderate home values presents potential for solid returns on rental properties, especially given the large population of 58,264. The diversity and population size also indicate a steady demand for housing, though you’ll want to assess local vacancy rates and competition.

For small-business owners, the sizable and diverse population of 08861 offers a broad customer base. With a median household income of $60,464, discretionary spending may be moderate, so tailoring offerings to value-conscious consumers could be key. The cultural diversity, particularly the strong Hispanic presence, also suggests opportunities for niche markets or culturally specific products and services.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing turnover, or community needs in 08861. The data points to a stable yet competitive area worth monitoring for shifts in income or population dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 08861? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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