ZIP Code 08618 — Demographics & Housing Data 2023

Overview

If you’re considering ZIP code 08618 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in a dynamic area, ZIP 08618 offers a diverse community and a range of opportunities for homebuyers, real estate investors, small-business owners, and analysts. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and racial composition in this region. Let’s dive into the numbers to help you make informed decisions.

Population & Households

ZIP 08618 is home to a sizable population of 37,162 residents as of 2023. This figure reflects a vibrant community with a mix of families, professionals, and individuals. The area comprises 13,640 households, indicating a strong residential base. With 15,284 total housing units, there’s a modest buffer of available properties, which could signal opportunities for buyers or investors looking to enter the market. These numbers paint a picture of a well-populated area with steady demand for housing.

Income & Housing Costs

The median household income in ZIP 08618 stands at $48,179, suggesting a community with moderate earning power. For homebuyers and investors, this income level can help gauge affordability and potential rental demand. On the housing front, the median house value is $211,800, which positions this area as relatively accessible compared to higher-priced markets. Meanwhile, the median rent is $1,117 per month, offering a benchmark for landlords assessing rental income potential or for renters evaluating costs. These figures highlight ZIP 08618 as a market with balanced opportunities for both owning and renting.

Race & Ethnicity

The demographic makeup of ZIP 08618 is notably diverse, reflecting a rich cultural tapestry. The racial composition includes 58.88% Black, 19.46% White, 15.69% Hispanic, and 3.05% Asian residents, among others. This diversity can be a significant draw for businesses seeking to serve a wide customer base or for families looking for an inclusive community. Understanding this breakdown is also valuable for investors and analysts tracking demographic trends and their impact on local markets.

Key Facts

• Total population in ZIP 08618: 37,162 residents as of 2023.
• Total households: 13,640, indicating a strong residential presence.
• Total housing units: 15,284, with some availability for new occupants.
• Median household income: $48,179, reflecting moderate earning capacity.
• Median house value: $211,800, suggesting an accessible housing market.
• Median rent: $1,117 per month, a key figure for renters and landlords.
• Racial diversity: Predominantly Black (58.88%), with significant White (19.46%) and Hispanic (15.69%) populations.

What This Means for You

For homebuyers, ZIP 08618 offers a chance to enter a market with a median house value of $211,800, which could be within reach for many budgets, especially given the median household income of $48,179. The diversity of the community also ensures a welcoming environment for families of varied backgrounds. Real estate investors and agents will find the slight surplus of housing units (15,284 total units versus 13,640 households) intriguing, as it may point to opportunities for flipping or renting properties, especially with a median rent of $1,117. Small-business owners can leverage the area’s population of over 37,000 and its cultural diversity to tap into a broad customer base, particularly in sectors like retail or services. Analysts, meanwhile, can use these demographic and housing metrics to assess growth potential or market shifts in ZIP 08618. Whether you’re buying, investing, or building a business, these insights provide a solid foundation for your next steps.

Run This Study Yourself

• Want to explore ZIP 08618 or another area in greater depth? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment strategy, or business planning.