| ZIP Code | 07041 |
|---|---|
| City | Millburn |
| State | New Jersey (NJ) |
| County | Essex County |
| Area Code | 862/973 |
| Elevation | 328 ft |
| Latitude | 40.722448 |
|---|---|
| Longitude | -74.301546 |
| Timezone | New York (DST) |
| FIPS | 34013 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.0 yrs ↓ 5% since 2019 |
|---|---|
| Avg Household Size | 2.94 |
| Below Poverty | 3.9% ▼ 61% below avg |
| College Grads | 84.7% ▲ 119% above avg |
| Unemployment | 6.3% ▲ 28% above avg |
| No HS Diploma | 13 (0.3%) |
| HS Graduate | 381 (8.5%) |
| Some College | 67 (1.5%) |
| Associates | 226 (5%) |
| Bachelors | 107 (2.4%) |
| Graduate Degree | 3,687 (82.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $220,923 ▲ 190% above avg ↑ 64% since 2019 |
|---|---|
| Median Home Value | $935,900 ▲ 236% above avg ↑ 19% since 2019 |
| Home/Income Ratio | 4.2x (nat avg ~3.5x) |
| Median Rent | $1,969/mo ↑ 16% since 2019 |
| Total Units | 2,843 |
| Vacant Units | 264 |
| Avg HH Size | 2.94 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,843 |
|---|---|
| Vacant | 264 |
| Owner Occupied | 68.1% |
| Renter Occupied | 31.9% |
| Avg HH Size | 2.94 |
ZIP code 07041 is located in Millburn, New Jersey, within Essex County. With a population of 7,610, this is a lightly populated ZIP code with a middle-aged community — the median age is 39 years. Economically, 07041 is a affluent ZIP code: the median household income of $220,923 is more than double the national average.
Real estate in ZIP code 07041 represents among the most expensive housing markets in the country. The median home value of $935,900 is more than double the national average. Renters can expect to pay around $1,969 per month in median rent. Homeownership is strong here — 68.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 19% since 2019.
The population of 07041 is racially diverse, with White as the largest group at 48.7%. Residents are highly educated — 84.7% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 3.9%. Household income has grown by 64% since 2019.
The unemployment rate in 07041 stands at 6.3%, which is above the national average. A notably high share of workers — 29% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 42%.
Overall, ZIP code 07041 in Millburn, NJ is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 7,610 residents, a median household income of $220,923, and a median home value of $935,900, it offers a clear picture of life in this part of New Jersey.