ZIP Code 07087 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 07087 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in a dynamic area, this ZIP code offers a unique blend of population diversity and housing characteristics that can influence your decision. In this detailed snapshot based on 2023 data, we break down the key metrics—population, income, housing costs, and racial composition—to help homebuyers, real estate investors, small-business owners, and analysts make informed choices. Let’s dive into what makes ZIP 07087 stand out.

Population & Households

ZIP 07087 is home to a substantial population of 66,375 residents, making it a vibrant and active community. This sizable population supports a diverse range of needs, from housing to local services, which can be a draw for businesses and investors alike. The area comprises 25,782 households, indicating a strong base of family units and individuals contributing to the local economy. With 27,442 total housing units, there’s a slight surplus of available homes compared to occupied households, which could signal opportunities for buyers or renters looking to move in.

Income & Housing Costs

The median household income in ZIP 07087 stands at $65,369, reflecting a moderate earning capacity that supports a stable community. For homebuyers and investors, this income level suggests a market where affordability and value intersect, potentially appealing to middle-income families or first-time buyers. Housing costs further define the area’s accessibility: the median house value is $446,800, positioning ZIP 07087 as a market with significant investment potential, especially for those eyeing long-term appreciation. Meanwhile, the median rent of $1,489 per month offers a glimpse into the rental market, which could be attractive for landlords or tenants seeking reasonably priced options in a populated area.

Race & Ethnicity

The demographic makeup of ZIP 07087 is notably diverse, with a strong cultural mix that shapes the community’s character. The population identifies as 81.57% Hispanic, making this the dominant ethnic group and a key influence on local culture, businesses, and services. Other groups include 9.86% White, 3.68% Asian, and 3.13% Black residents, contributing to a multifaceted social fabric. This diversity can be a significant asset for businesses catering to varied customer bases or for investors seeking markets with broad appeal.

Key Facts

• Total population: 66,375 residents, indicating a robust community size.
• Total households: 25,782, reflecting a strong residential base.
• Total housing units: 27,442, suggesting some availability for new occupants.
• Median household income: $65,369, pointing to moderate earning power.
• Median house value: $446,800, a notable figure for real estate investment.
• Median rent: $1,489, offering insight into the rental market’s affordability.
• Racial composition: 81.57% Hispanic, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 07087 presents a promising opportunity to invest in a community with a median home value of $446,800, which could appreciate over time given the area’s population density and diversity. The slight surplus of housing units (27,442 total versus 25,782 households) might also mean less competition for available properties. Real estate investors and agents can leverage the stable median income of $65,369 to target middle-income buyers or renters, while the $1,489 median rent suggests a viable rental market for income properties. Small-business owners will find value in the diverse population of 66,375, especially the predominant Hispanic demographic (81.57%), which could drive demand for culturally tailored goods and services. Analysts can use these metrics to assess market trends, housing demand, and economic stability in this ZIP code, ensuring data-driven strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 07087? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing in property, or planning a business venture.