Shark River Hills, NJ Profile: Facts & Data

The Shark River Hills CDP⁽¹⁾ had a population of 3,542 as of July 1, 2022. Shark River Hills ranks in the upper quartile for Population Density and the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Jersey. See peer rankings below.

The primary coordinate point for Shark River Hills is located at latitude 40.194 and longitude -74.0488 in Monmouth County. The formal boundaries for the Shark River Hills Census Designated Place encompass a land area of 0.89 sq. miles and a water area of 0.09 sq. miles. Monmouth County is in the Eastern time zone (GMT -5). The elevation is 56 feet.

The Shark River Hills Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Shark River Hills, NJ Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,542 (100%)
Population in Households	3,542 (100.0%)
Population in Families	2,877 (81.2%)
Population in Group Quarters¹	0
Population Density	4,135
Diversity Index²	25


INCOME
Median Household Income	$107,975
Average Household Income	$130,735
% of Income for Mortgage⁴	19%
Per Capita Income	$56,289
Wealth Index⁵	164

HOUSING
Total HU (Housing Units)	1,553 (100%)
Owner Occupied HU	1,393 (89.7%)
Renter Occupied HU	82 ( 5.3%)
Vacant Housing Units	77 ( 5.0%)
Median Home Value	$387,422
Average Home Value	$437,151
Housing Affordability Index³	109

HOUSEHOLDS
Total Households	1,476
Average Household Size	2.40
Family Households	975
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Shark River Hills, NJ - Peer Comparisons by Rank and Percentile

The table below compares Shark River Hills to the other 701 incorporated cities, towns and CDPs in New Jersey by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.51%	-0.31%
Households	-0.45%	-0.16%
Families		-0.14%
Median Household Income		1.78%
Per Capita Income		2.89%
Owner Occupied HU		-0.07%

Variable Description	Rank	Percentile
Total Population	# 361	49th
Population Density	# 169	76th
Median Household Income	# 270	62nd
Housing Affordability Index	# 363	52nd
Per Capita Income	# 282	60th
Diversity Index	# 629	10th

Shark River Hills, NJ Profile: Facts & Data

Shark River Hills, New Jersey - Basic Facts

Shark River Hills, NJ Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Shark River Hills, NJ - Peer Comparisons by Rank and Percentile

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