07703 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Monmouth County
Centroid: Latitude 40.315, Longitude -74.037
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

Businesses Addresses: 0
PO Box Addresses: 0
Residential Addresses: 0

Multi-Family Addresses: 0
Single Family Addresses: 0

Foreclosures in NJ 07703

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

Fort Monmouth, NJ 07703 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	453 (100%)
Population in Households	453 (100.0%)
Population in Families	364 (80.4%)
Population in Group Quarters¹	0
Population Density	416
Diversity Index²	61


INCOME
Median Household Income	$85,340
Average Household Income	$117,001
% of Income for Mortgage⁴	24%
Per Capita Income	$49,772
Wealth Index⁵	97

HOUSING
Total HU (Housing Units)	225 (100%)
Owner Occupied HU	120 (53.3%)
Renter Occupied HU	79 (35.1%)
Vacant Housing Units	26 (11.6%)
Median Home Value	$391,346
Average Home Value	$516,529
Housing Affordability Index³	109

HOUSEHOLDS
Total Households	199
Average Household Size	2.28
Family Households	119
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.

Fort Monmouth, NJ 07703 - Peer Comparisons by Rank and Percentile

The table below compares 07703 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	1.51%	1.46%
Households	2.08%	1.56%
Families		1.47%
Median Household Income		2.84%
Per Capita Income		2.44%
Owner Occupied HU		2.08%

Variable Description	Rank	Percentile
Total Population	# 551	5th
Population Density	# 463	20th
Median Household Income	# 397	31st
Housing Affordability Index	# 277	48th
Per Capita Income	# 324	44th
Diversity Index	# 245	58th

07703 ZIP Code Profile, Map, Data & Demographics

ZIP Code 07703: Basic Data & USPS Preferred City Name

Fort Monmouth, NJ 07703 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fort Monmouth, NJ 07703 - Peer Comparisons by Rank and Percentile

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