| ZIP Code | 07027 |
|---|---|
| City | Garwood |
| State | New Jersey (NJ) |
| County | Union County |
| Area Code | 908 |
| Elevation | 78 ft |
| Latitude | 40.651331 |
|---|---|
| Longitude | -74.323152 |
| Timezone | New York (DST) |
| FIPS | 34039 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.7 yrs ↑ 10% since 2019 |
|---|---|
| Avg Household Size | 2.28 |
| Below Poverty | 9.2% ▼ 8% below avg |
| College Grads | 52.5% ▲ 36% above avg |
| Unemployment | 6.0% ▲ 22% above avg |
| HS Graduate | 963 (28.6%) |
| Some College | 209 (6.2%) |
| Associates | 424 (12.6%) |
| Bachelors | 303 (9%) |
| Graduate Degree | 1,463 (43.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $100,948 ▲ 32% above avg ↑ 14% since 2019 |
|---|---|
| Median Home Value | $509,800 ▲ 83% above avg ↑ 34% since 2019 |
| Home/Income Ratio | 5.1x (nat avg ~3.5x) |
| Median Rent | $1,603/mo ↑ 3% since 2019 |
| Total Units | 2,093 |
| Vacant Units | 39 |
| Avg HH Size | 2.28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,093 |
|---|---|
| Vacant | 39 |
| Owner Occupied | 54.8% |
| Renter Occupied | 45.2% |
| Avg HH Size | 2.28 |
ZIP code 07027 is located in Garwood, New Jersey, within Union County. With a population of 4,688, this is a lightly populated ZIP code with a middle-aged community — the median age is 42.7 years. Economically, 07027 is a upper-middle-income ZIP code: the median household income of $100,948 is above the national average.
Real estate in ZIP code 07027 represents a premium housing market. The median home value of $509,800 is significantly above the national average. Renters can expect to pay around $1,603 per month in median rent. The area has a relatively balanced mix of owners (54.8%) and renters (45.2%). Median home values have increased by 34% since 2019.
The population of 07027 is majority White (69.45%). Residents are well-educated — 52.5% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 9.2%. Household income has grown by 14% since 2019.
The unemployment rate in 07027 stands at 6.0%, which is above the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 69%.
Overall, ZIP code 07027 in Garwood, NJ is characterized as upper-middle-income, well-educated, and a middle-aged community. With 4,688 residents, a median household income of $100,948, and a median home value of $509,800, it offers a clear picture of life in this part of New Jersey.