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Far Hills, NJ 07931 ZIP Code Profile

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Far Hills, NJ

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ZIP Code 07931: Basic Data & USPS Preferred City Name

Preferred Name, USPS

Far Hills, NJ 07931

ZIP Code Type: STANDARD
County: Somerset County
Centroid: Latitude 40.702, Longitude -74.642
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 07931 has segments in 2 Counties (Morris, Somerset).

Businesses Addresses: 165
PO Box Addresses: 322
Residential Addresses: 1,035

Multi-Family Addresses: 0
Single Family Addresses: 1,035

The ZIP Code maps and database are updated 4 times per year.
Database updated: May 1, 2018, Maps updated: February 1, 2018.

EXTREMELY LOCAL Demographic Data

07931 ZIP Code Map

Far Hills, NJ 07931 Data & Demographics (As of July 1, 2017)

POPULATION
Total Population	4,158
Daytime Population: Workers	1,451
Daytime Population: Residents	2,181
Total Daytime Population (TDP)	3,632
Ratio TDP/Total Population¹	0.87
Population in Households	4,032
Population in Familes	3,576
Population in Group Qrtrs	126
Population Density²	167
Diversity Index³	39

INCOME
Median Household Income	$182,841
Average Household Income	$242,877
Per Capita Income	$82,156

HOUSING
Total Housing Units	1,504 (100%)
Owner Occupied HU	1,117 (74.3%)
Renter Occupied HU	270 (18.0%)
Vacant Housing Units	117 ( 7.8%)
Median Home Value	$936,033
Average Home Value	$906,782

HOUSEHOLDS
Total Households	1,387
Average Household Size	2.91
Family Households	1,054
Average Family Size	3

NOTES

If the ratio of the TDP to Total Population is greater than 1, the location gains population during the day when commuting workers are present. If the ratio is less than 1, the location is more of a bedroom community where people commute to another place for work.
Population Density = Total Population per square mile.
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.

GROWTH RATE / YEAR	2010-2017	2017-2022
Population	0.73%	0.63%
Households	0.63%	0.58%
Families	0.6%	0.58%
Median Household Income		1.34%
Per Capita Income		1.58%

Far Hills, NJ 07931 - Peer Comparisons by Rank and Percentile

The table below compares 07931 to the other 579 ZIP Codes in New Jersey by rank and percentile using July 1, 2017 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.