Peapack, NJ 07977 ZIP Code Profile

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Peapack, NJ
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ZIP Code 07977: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Peapack, NJ 07977

  • ZIP Code Type: PO BOX
  • County: Somerset County
  • Centroid: Latitude 40.712, Longitude -74.659
  • Time Zone: Eastern Time Zone (UTC -5 hours)
  • Observes DST: Yes
  • Businesses Addresses: 58
  • PO Box Addresses: 281
  • Residential Addresses: 1
    • Multi-Family Addresses: 0
    • Single Family Addresses: 1

The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2019, Maps updated: August 2, 2019.

Jump to... (On This Page!)
  1. 07977 2019 Demographic Data
  2. Growth Rates for 07977 (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Jersey Research Tools (Easy Tools & Current Data)
  3. New Jersey Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



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Peapack, NJ 07977 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Peapack, NJ 07977 Housing Affordability Index is 133
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

Peapack, NJ 07977 Wealth Index is 345
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 cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific New Jersey address.

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POPULATION

Total Population 380
Population in Households 338
Population in Familes 291
Population in Group Qrtrs 42
Population Density 345
Diversity Index1 51
 

INCOME

Median Household Income $177,276
Average Household Income $241,141
Per Capita Income $89,000
Wealth Index3 345

HOUSING

Total Housing Units 142 (100%)
Owner Occupied HU 93 (65.5%)
Renter Occupied HU 47 (33.1%)
Vacant Housing Units 2 ( 1.4%)
Median Home Value $737,500
Housing Affordability Index2 133
 

HOUSEHOLDS

Total Households 140
Average Household Size 2.41
Family Households 104
Average Family Size 3
NOTES
  1. 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.17% 0.26%
Households 0.16% 0.14%
Families 0.1% 0.19%
Median Household Income   1.19%
Per Capita Income   1.43%

Peapack, NJ 07977 - Peer Comparisons by Rank and Percentile

The table below compares 07977 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.

Variable Description Rank Percentile
Total Population # 555 5th
Population Density # 479 18th
Diversity Index # 254 57th
Median Household Income # 23 96th
Per Capita Income # 13 98th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.


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