| ZIP Code | 07042 |
|---|---|
| City | Montclair |
| State | New Jersey (NJ) |
| County | Essex County |
| Area Code | 862/973 |
| Elevation | 273 ft |
| Latitude | 40.813487 |
|---|---|
| Longitude | -74.219011 |
| Timezone | New York (DST) |
| FIPS | 34013 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.8 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.44 |
| Below Poverty | 8.5% ▼ 15% below avg |
| College Grads | 73.2% ▲ 89% above avg |
| Unemployment | 3.9% ▼ 20% below avg |
| No HS Diploma | 76 (0.4%) |
| HS Graduate | 2,165 (12.3%) |
| Some College | 769 (4.4%) |
| Associates | 1,724 (9.8%) |
| Bachelors | 1,049 (5.9%) |
| Graduate Degree | 11,890 (67.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $127,083 ▲ 67% above avg ↑ 17% since 2019 |
|---|---|
| Median Home Value | $733,100 ▲ 163% above avg ↑ 42% since 2019 |
| Home/Income Ratio | 5.8x (nat avg ~3.5x) |
| Median Rent | $2,017/mo ↑ 21% since 2019 |
| Total Units | 11,682 |
| Vacant Units | 615 |
| Avg HH Size | 2.44 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,682 |
|---|---|
| Vacant | 615 |
| Owner Occupied | 50.3% |
| Renter Occupied | 49.7% |
| Avg HH Size | 2.44 |
ZIP code 07042 is located in Montclair, New Jersey, within Essex County. With a population of 27,173, this is a moderately populated ZIP code with a middle-aged community — the median age is 38.8 years. Economically, 07042 is a upper-middle-income ZIP code: the median household income of $127,083 is significantly above the national average.
Real estate in ZIP code 07042 represents a premium housing market. The median home value of $733,100 is more than double the national average. Renters can expect to pay around $2,017 per month in median rent. The area has a relatively balanced mix of owners (50.3%) and renters (49.7%). Median home values have increased by 42% since 2019.
The population of 07042 is racially diverse, with White as the largest group at 48.3%. Residents are highly educated — 73.2% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 8.5%. Household income has grown by 17% since 2019.
The unemployment rate in 07042 stands at 3.9%, which is below 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 48%.
Overall, ZIP code 07042 in Montclair, NJ is characterized as upper-middle-income, highly educated, and a middle-aged community. With 27,173 residents, a median household income of $127,083, and a median home value of $733,100, it offers a clear picture of life in this part of New Jersey.