ZIP code 07031: income, home prices and cost of living
The median household income in ZIP 07031 is $96,869, which is 10% below the New Jersey median of $107,307 and 41% above the national figure. The typical home is valued at $442,700, and the median rent is $1,656/month. 47.0% of households own their home.
Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.
Median household income
$96,869
- New Jersey average
- $107,30710%
- National
- $68,75041%
Median home value
$442,700
- New Jersey average
- $409,6008%
- National
- $209,600111%
Median gross rent
$1,656
- New Jersey average
- $1,660
- National
- $98468%
Median age
40.4 yrs
- New Jersey average
- 41.9 yrs4%
- National
- 41.0 yrs1%
Homeownership rate
47.0%
- New Jersey average
- 76.4%38%
- National
- 75.8%38%
Bachelor's degree or higher
22.7%
- New Jersey average
- 26.9%16%
- National
- 15.9%43%
How ZIP 07031 compares with New Jersey and the U.S.
State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.
See today's rates for homes in your area
Homes in 07031 typically sell around $442,700. Compare what a vetted mortgage pro can actually offer you before you commit.
Talk to a mortgage proNearby ZIP codes in New Jersey
Run your own numbers
See every local figure on the New Jersey money guide.
What people search about ZIP 07031
Searches for the cost of living in 07031, the median household income in 07031, average rent in 07031 and home values in this part of New Jersey all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.
- cost of living in 07031
- median household income in 07031
- home values in 07031
- average rent in 07031
- property tax in 07031
- housing market in 07031
Methodology
Figures describe ZIP Code Tabulation Area 07031, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.
State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.
Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.