| ZIP Code | 07005 |
|---|---|
| City | Boonton |
| State | New Jersey (NJ) |
| County | Morris County |
| Area Code | 862/973 |
| Elevation | 523 ft |
| Latitude | 40.93035 |
|---|---|
| Longitude | -74.411123 |
| Timezone | New York (DST) |
| FIPS | 34027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.0 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.61 |
| Below Poverty | 5.1% ▼ 49% below avg |
| College Grads | 61.4% ▲ 59% above avg |
| Unemployment | 5.0% ≈ Avg |
| No HS Diploma | 118 (1.2%) |
| HS Graduate | 2,258 (22%) |
| Some College | 541 (5.3%) |
| Associates | 1,034 (10.1%) |
| Bachelors | 566 (5.5%) |
| Graduate Degree | 5,729 (55.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $126,411 ▲ 66% above avg ↑ 13% since 2019 |
|---|---|
| Median Home Value | $565,900 ▲ 103% above avg ↑ 21% since 2019 |
| Home/Income Ratio | 4.5x (nat avg ~3.5x) |
| Median Rent | $1,779/mo ↑ 26% since 2019 |
| Total Units | 6,115 |
| Vacant Units | 370 |
| Avg HH Size | 2.61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 6,115 |
|---|---|
| Vacant | 370 |
| Owner Occupied | 71.0% |
| Renter Occupied | 29.1% |
| Avg HH Size | 2.61 |
ZIP code 07005 is located in Boonton, New Jersey, within Morris County. With a population of 15,240, this is a moderately populated ZIP code with a middle-aged community — the median age is 42 years. Economically, 07005 is a upper-middle-income ZIP code: the median household income of $126,411 is significantly above the national average.
Real estate in ZIP code 07005 represents a premium housing market. The median home value of $565,900 is more than double the national average. Renters can expect to pay around $1,779 per month in median rent. Homeownership is strong here — 71.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 21% since 2019.
The population of 07005 is primarily White (72.91%). Residents are highly educated — 61.4% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 5.1%. Household income has grown by 13% since 2019.
The unemployment rate in 07005 stands at 5.0%, which is near the national average. About 19% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 07005 in Boonton, NJ is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 15,240 residents, a median household income of $126,411, and a median home value of $565,900, it offers a clear picture of life in this part of New Jersey.