07438 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Passaic County
Centroid: Latitude 41.033, Longitude -74.5
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 07438 has segments in 2 Counties (Morris, Passaic).

Businesses Addresses: 293
PO Box Addresses: 143
Residential Addresses: 4,265

Multi-Family Addresses: 50
Single Family Addresses: 4,215

Foreclosures in NJ 07438

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Oak Ridge, NJ 07438 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	11,279 (100%)
Population in Households	11,246 (99.7%)
Population in Families	10,052 (89.1%)
Population in Group Quarters¹	33 ( 0.3%)
Population Density	395
Diversity Index²	35


INCOME
Median Household Income	$122,889
Average Household Income	$154,587
% of Income for Mortgage⁴	17%
Per Capita Income	$57,452
Wealth Index⁵	200

HOUSING
Total HU (Housing Units)	4,496 (100%)
Owner Occupied HU	3,797 (84.5%)
Renter Occupied HU	415 ( 9.2%)
Vacant Housing Units	285 ( 6.3%)
Median Home Value	$396,232
Average Home Value	$427,048
Housing Affordability Index³	120

HOUSEHOLDS
Total Households	4,211
Average Household Size	2.67
Family Households	3,231
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.

Oak Ridge, NJ 07438 - Peer Comparisons by Rank and Percentile

The table below compares 07438 to the other 577 ZIP Codes 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	-0.39%	-0.34%
Households	-0.29%	-0.21%
Families		-0.22%
Median Household Income		2.33%
Per Capita Income		3.28%
Owner Occupied HU		-0.07%

Variable Description	Rank	Percentile
Total Population	# 283	51st
Population Density	# 467	19th
Median Household Income	# 175	70th
Housing Affordability Index	# 373	65th
Per Capita Income	# 230	60th
Diversity Index	# 484	16th

07438 ZIP Code Profile, Map, Data & Demographics

ZIP Code 07438: Basic Data & USPS Preferred City Name

Oak Ridge, NJ 07438 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oak Ridge, NJ 07438 - Peer Comparisons by Rank and Percentile

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