07920 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Somerset County
Centroid: Latitude 40.685, Longitude -74.572
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 07920 has segments in 2 Counties (Morris, Somerset).

Businesses Addresses: 588
PO Box Addresses: 156
Residential Addresses: 10,536

Multi-Family Addresses: 556
Single Family Addresses: 9,980

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

Popular Places Near ZIP Code 07920

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Basking Ridge, NJ 07920 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Basking Ridge, NJ 07920 Housing Affordability Index is 104 State of New Jersey Housing Affordability Index is 91
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.

WEALTH INDEX
Basking Ridge, NJ 07920 Wealth Index is 306 State of New Jersey Wealth Index is 148
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	27,659
Population in Households	26,857
Population in Families	23,327
Population in Group Qrtrs	802
Population Density	951
Diversity Index¹	45

INCOME
Median Household Income	$155,261
Average Household Income	$208,602
Per Capita Income	$76,796
Wealth Index³	306

HOUSING
Total Housing Units	10,552 (100%)
Owner Occupied HU	8,528 (80.8%)
Renter Occupied HU	1,649 (15.6%)
Vacant Housing Units	375 ( 3.6%)
Median Home Value	$701,651
Housing Affordability Index²	104

HOUSEHOLDS
Total Households	10,177
Average Household Size	2.64
Family Households	7,167
Average Family Size	3

NOTES

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 race 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 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.

Basking Ridge, NJ 07920 - Peer Comparisons by Rank and Percentile

The table below compares 07920 to the other 582 ZIP Codes in New Jersey by rank and percentile using July 1, 2019 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	2010-2019	2019-2024
Population	0.23%	0.22%
Households	0.11%	0.14%
Families	0.08%	0.13%
Median Household Income		1.4%
Per Capita Income		1.73%

Variable Description	Rank	Percentile
Total Population	# 107	82nd
Population Density	# 385	34th
Diversity Index	# 305	48th
Median Household Income	# 56	91st
Per Capita Income	# 50	92nd

Basking Ridge, NJ 07920 ZIP Code Profile

ZIP Code 07920: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 07920

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Basking Ridge, NJ 07920 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Basking Ridge, NJ 07920 - Peer Comparisons by Rank and Percentile

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