ZIP Code 07031
ZIP / ZCTAPopulation: 16,368
ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes. Boundaries may differ slightly from postal delivery areas, and estimates for less-populated ZCTAs carry higher margins of error.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — 07031
- What is the median household income in 07031?
- The median household income in 07031 is $101,493 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 07031?
- The poverty rate in 07031 is 2.1% (U.S. Census Bureau ACS 2023).
- What is the median home value in 07031?
- $464,700 (U.S. Census Bureau ACS 2023).
- What is the average rent in 07031?
- The median gross rent in 07031 is $1,706 per month (U.S. Census Bureau ACS 2023).
- What percentage of 07031 residents have a college degree?
- 38.6% of adults in 07031 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
16,368
Median Income
$101,493
Median Home Value
$464,700
Poverty Rate
2.1%
Unemployment (ACS 2023)
6.4%
Median Age
39.0 yrs
Since 2019
Median Income:
+$16,966 (+20.1%)
Home Value:
+$101,300 (+27.9%)
Poverty Rate:
-5.2 pp (-71.2%)
Bachelor's+:
+4.8 pp (+14.2%)
Unemployment:
+2.9 pp (+82.9%)
Demographics
Total Population
16,368
Median Age
39.0
Female
54.1%
Race & Ethnicity
Hispanic or Latino 31.6%
White (non-Hisp.) 53.7%
Black 1.9%
Asian 9.9%
Two or More 12.9%
Other 11.7%
Asian Subgroups (% of total pop.)
Filipino
3.8%
Chinese
2.5%
Indian
2.0%
Korean
0.8%
Vietnamese
0.1%
Hispanic Subgroups (% of total pop.)
Puerto Rican
7.4%
Cuban
1.8%
Mexican
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$101,493
±$11,063
Per Capita Income
$123,016
Median Family Income
$118,828
Poverty Rate
2.1%
Child Poverty Rate
1.9%
Working-Age Poverty Rate
—
SNAP Recipients
3.9%
Social Security Income
—
Retirement Income
19.9%
Household Income Distribution
< $10k
1.6%
$10–15k
1.1%
$15–25k
2.7%
$25–35k
5.4%
$35–50k
7.1%
$50–75k
14.9%
$75–100k
15.3%
$100–150k
24.3%
$150–200k
11.7%
$200k+
16.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
6,986
Owner-Occupied
46.4%
Renter-Occupied
53.6%
Vacancy Rate
4.9%
Median Home Value
$464,700
Median Gross Rent
$1,706
Owner Cost Burden (30%+)
31.1%
Renter Cost Burden (30%+)
26.9%
Home Value Distribution
< $50k
4.5%
$200–300k
6.3%
$300–500k
50.3%
$500k–$1M
38.1%
Gross Rent Distribution
< $500
0.1%
$500–1k
3.1%
$1–1.5k
20.2%
$1.5–2k
64.6%
$2–2.5k
9.0%
$2.5–3.5k
0.9%
$3.5k+
2.0%
Vehicle Availability
No vehicle
6.5%
1 vehicle
37.5%
2 vehicles
41.9%
3+
14.1%
Housing Type
Single-fam. det.
37.8%
Single-fam. att.
3.6%
2–4 units
25.2%
5–19 units
7.7%
20+ units
5.1%
Housing Age
Pre-1940
19.7%
1940–1969
16.2%
1970–1999
7.2%
2000–2009
1.1%
2010+
1.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
91.1%
Bachelor's or Higher
38.6%
Graduate Degree
14.7%
Some College / Associate
15.7%
Less Than High School
6.1%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
70.2%
Unemployment Rate
6.4%
Work from Home
10.7%
Self-Employed
5.2%
Government Workers
18.9%
Private For-Profit
75.9%
Industry
Edu/Health
21.6%
Prof. Services
13.7%
Transportation
10.3%
Arts/Entmt.
9.4%
Finance
8.3%
Manufacturing
7.8%
Retail
7.3%
Construction
6.5%
Public Admin
5.2%
Wholesale
3.0%
Information
2.8%
Occupation
Management
49.9%
Sales
16.1%
Food Prep
15.3%
Production
10.8%
Construction
7.9%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
32.2 min
Drove Alone
65.1%
Carpool
6.9%
Public Transit
13.0%
Work from Home
10.7%
Walked
0.4%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
6,646
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
52.8%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
20.3%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
6.0%
5–9
3.8%
10–14
5.3%
15–19
5.3%
20–24
4.9%
25–34
17.7%
35–44
15.4%
45–54
13.5%
55–64
6.3%
65–74
6.3%
75–84
9.7%
85+
3.9%
Under 18: 18.2%
Working age (18–64): 81.8%
65 and over: 15.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
32.1%
Naturalized Citizen
61.4%
Speaks English Less Than Very Well
19.2%
Foreign-Born Origin
Latin America
42.0%
Europe
29.5%
Asia
23.6%
Africa
4.6%
Veterans & Disability
Veteran
4.4%
With a Disability
7.2%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
94.8%
Uninsured
5.2%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
92.7%
Has a Computer
96.4%
Same House 1 Year Ago
90.7%
Moved from Abroad
1.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023