07920 ZIP Code Profile, Map, Data & Demographics

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: 563
PO Box Addresses: 165
Residential Addresses: 10,561

Multi-Family Addresses: 556
Single Family Addresses: 10,005

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2022, Maps updated: February 4, 2022.

Basking Ridge, NJ 07920 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	27,839 (100%)
Population in Households	26,915 (96.7%)
Population in Families	23,327 (83.8%)
Population in Group Quarters¹	924 ( 3.3%)
Population Density	951
Diversity Index²	46


INCOME
Median Household Income	$155,226
Average Household Income	$217,127
% of Income for Mortgage⁴	19%
Per Capita Income	$80,475
Wealth Index⁵	304

HOUSING
Total HU (Housing Units)	10,842 (100%)
Owner Occupied HU	8,715 (80.4%)
Renter Occupied HU	1,596 (14.7%)
Vacant Housing Units	531 ( 4.9%)
Median Home Value	$690,839
Average Home Value	$771,076
Housing Affordability Index³	121

HOUSEHOLDS
Total Households	10,311
Average Household Size	2.61
Family Households	7,239
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.

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

The table below compares 07920 to the other 577 ZIP Codes in New Jersey by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	-0.01%	-0.14%
Households	-0.04%	-0.13%
Families	-0.12%	-0.15%
Median Household Income		1.56%
Per Capita Income		1.64%
Owner Occupied HU		0.13%

Variable Description	Rank	Percentile
Total Population	# 101	83rd
Population Density	# 388	33rd
Median Household Income	# 53	91st
Housing Affordability Index	# 255	44th
Per Capita Income	# 44	93rd
Diversity Index	# 303	47th

07920 ZIP Code Profile, Map, Data & Demographics

ZIP Code 07920: Basic Data & USPS Preferred City Name

Basking Ridge, NJ 07920 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

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

Popular Places Near ZIP Code 07920

Use HTL Address Research for a New Jersey Address and get...

Quick & Easy Ways to...

New Jersey Census Data Comparison Tool

More Tools and Resources:

Somerset County

Basking Ridge Jobs