ZIP Code 08848 has segments in 2 Counties (Hunterdon, Warren).
The ZIP Code maps and database are updated 4 times per year.
Database updated: August 1, 2019, Maps updated: August 2, 2019.
HOUSING AFFORDABILITY INDEX | |
|---|---|
| Milford, NJ 08848 Housing Affordability Index is 121 State of New Jersey Housing Affordability Index is 91 |
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| 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 | |
|---|---|
| Milford, NJ 08848 Wealth Index is 198 State of New Jersey Wealth Index is 148 |
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| 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 | 8,548 |
| Population in Households | 8,530 |
| Population in Familes | 7,504 |
| Population in Group Qrtrs | 18 |
| Population Density | 253 |
| Diversity Index1 | 15 |
INCOME | |
| Median Household Income | $103,994 |
| Average Household Income | $129,897 |
| Per Capita Income | $49,056 |
| Wealth Index3 | 198 |
HOUSING | |
|---|---|
| Total Housing Units | 3,463 (100%) |
| Owner Occupied HU | 2,774 (80.1%) |
| Renter Occupied HU | 454 (13.1%) |
| Vacant Housing Units | 235 ( 6.8%) |
| Median Home Value | $377,083 |
| Housing Affordability Index2 | 121 |
HOUSEHOLDS | |
| Total Households | 3,228 |
| Average Household Size | 2.64 |
| Family Households | 2,458 |
| Average Family Size | 3 |
GROWTH RATE / YEAR |
2010-2019 | 2019-2024 |
|---|---|---|
| Population | -0.19% | -0.26% |
| Households | -0.11% | -0.21% |
| Families | -0.12% | -0.23% |
| Median Household Income | 2.06% | |
| Per Capita Income | 2.63% |
The table below compares 08848 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 | # 340 | 42nd |
| Population Density | # 506 | 13th |
| Diversity Index | # 555 | 5th |
| Median Household Income | # 201 | 66th |
| Per Capita Income | # 215 | 63rd |
Additional comparisons and rankings can be made with a VERY EASY TO USE New Jersey Census Data Comparison Tool.
