07438 ZIP Code Demographics & Rankings

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: 290
PO Box Addresses: 137
Residential Addresses: 4,236

Multi-Family Addresses: 50
Single Family Addresses: 4,186

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2020, Maps updated: November 4, 2020.

Oak Ridge, NJ 07438 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	11,653 (100%)
Population in Households	11,626 (99.8%)
Population in Families	10,401 (89.3%)
Population in Group Quarters¹	27 ( 0.2%)
Population Density	404
Diversity Index²	26


INCOME
Median Household Income	$113,526
Average Household Income	$138,885
% of Income for Mortgage⁴	13%
Per Capita Income	$49,750
Wealth Index⁵	198

HOUSING
Total HU (Housing Units)	4,527 (100%)
Owner Occupied HU	3,628 (80.1%)
Renter Occupied HU	546 (12.1%)
Vacant Housing Units	353 ( 7.8%)
Median Home Value	$360,989
Average Home Value	$379,203
Housing Affordability Index³	145

HOUSEHOLDS
Total Households	4,174
Average Household Size	2.79
Family Households	3,247
Average Family Size	3

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 575 ZIP Codes in New Jersey by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	-0.09%	-0.05%
Households	-0.06%	-0.06%
Families	-0.07%	-0.06%
Median Household Income		2.09%
Per Capita Income		2.28%
Owner Occupied HU		0.05%

Variable Description	Rank	Percentile
Total Population	# 274	53rd
Population Density	# 463	20th
Median Household Income	# 162	72nd
Housing Affordability Index	# 392	68th
Per Capita Income	# 226	61st
Diversity Index	# 473	18th

Oak Ridge, NJ 07438 ZIP Code Profile

ZIP Code 07438: Basic Data & USPS Preferred City Name

Oak Ridge, NJ 07438 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

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

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