| ZIP Code | 07023 |
|---|---|
| City | Fanwood |
| State | New Jersey (NJ) |
| County | Union County |
| Area Code | 908 |
| Elevation | 165 ft |
| Latitude | 40.641701 |
|---|---|
| Longitude | -74.385692 |
| Timezone | New York (DST) |
| FIPS | 34039 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.4 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.76 |
| Below Poverty | 1.4% ▼ 86% below avg |
| College Grads | 75.9% ▲ 96% above avg |
| Unemployment | 2.8% ▼ 42% below avg |
| No HS Diploma | 22 (0.4%) |
| HS Graduate | 609 (11.9%) |
| Some College | 199 (3.9%) |
| Associates | 406 (7.9%) |
| Bachelors | 229 (4.5%) |
| Graduate Degree | 3,652 (71.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $176,667 ▲ 132% above avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $610,600 ▲ 119% above avg ↑ 31% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $2,368/mo ↓ 13% since 2019 |
| Total Units | 2,783 |
| Vacant Units | 7 |
| Avg HH Size | 2.76 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,783 |
|---|---|
| Vacant | 7 |
| Owner Occupied | 86.5% |
| Renter Occupied | 13.5% |
| Avg HH Size | 2.76 |
ZIP code 07023 is located in Fanwood, New Jersey, within Union County. With a population of 7,714, this is a lightly populated ZIP code with a middle-aged community — the median age is 42.4 years. Economically, 07023 is a affluent ZIP code: the median household income of $176,667 is more than double the national average.
Real estate in ZIP code 07023 represents a premium housing market. The median home value of $610,600 is more than double the national average. Renters can expect to pay around $2,368 per month in median rent. Homeownership is strong here — 86.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 31% since 2019.
The population of 07023 is majority White (69.80%). Residents are highly educated — 75.9% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 1.4%. Household income has grown by 19% since 2019.
The unemployment rate in 07023 stands at 2.8%, which is below the national average. About 25% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 59%.
Overall, ZIP code 07023 in Fanwood, NJ is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 7,714 residents, a median household income of $176,667, and a median home value of $610,600, it offers a clear picture of life in this part of New Jersey.