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Milford, NJ 08848 ZIP Code Profile

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Milford, NJ

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ZIP Code 08848: Basic Data & USPS Preferred City Name

Preferred Name, USPS

Milford, NJ 08848

ZIP Code Type: STANDARD
County: Hunterdon County
Centroid: Latitude 40.597, Longitude -75.092
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 08848 has segments in 2 Counties (Hunterdon, Warren).

Businesses Addresses: 170
PO Box Addresses: 179
Residential Addresses: 3,123

Multi-Family Addresses: 52
Single Family Addresses: 3,071

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

08848 ZIP Code Map

Milford, NJ 08848 Data & Demographics (As of July 1, 2017)

POPULATION
Total Population	8,065
Daytime Population: Workers	1,184
Daytime Population: Residents	3,814
Total Daytime Population (TDP)	4,998
Ratio TDP/Total Population¹	0.62
Population in Households	8,051
Population in Familes	7,081
Population in Group Qrtrs	14
Population Density²	256
Diversity Index³	14

INCOME
Median Household Income	$98,815
Average Household Income	$123,149
Per Capita Income	$46,407

HOUSING
Total Housing Units	3,253 (100%)
Owner Occupied HU	2,620 (80.5%)
Renter Occupied HU	415 (12.8%)
Vacant Housing Units	218 ( 6.7%)
Median Home Value	$378,743
Average Home Value	$435,658

HOUSEHOLDS
Total Households	3,035
Average Household Size	2.65
Family Households	2,309
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	-0.18%	-0.09%
Households	-0.12%	-0.05%
Families	-0.14%	-0.04%
Median Household Income		1.57%
Per Capita Income		2.48%

Milford, NJ 08848 - Peer Comparisons by Rank and Percentile

The table below compares 08848 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.