| ZIP Code | 07931 |
|---|---|
| City | Far Hills |
| State | New Jersey (NJ) |
| County | Somerset County |
| Area Code | 908 |
| Elevation | 247 ft |
| Latitude | 40.681417 |
|---|---|
| Longitude | -74.616536 |
| Timezone | New York (DST) |
| FIPS | 34035 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.0 yrs ↑ 7% since 2019 |
|---|---|
| Avg Household Size | 2.61 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 73.5% ▲ 90% above avg |
| Unemployment | 7.0% ▲ 44% above avg |
| No HS Diploma | 18 (0.8%) |
| HS Graduate | 337 (14.9%) |
| Some College | 110 (4.9%) |
| Associates | 132 (5.9%) |
| Bachelors | 127 (5.6%) |
| Graduate Degree | 1,531 (67.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $159,013 ▲ 108% above avg ↓ 13% since 2019 |
|---|---|
| Median Home Value | $1,084,200 ▲ 289% above avg ↑ 18% since 2019 |
| Home/Income Ratio | 6.8x (nat avg ~3.5x) |
| Median Rent | $3,469/mo ↑ 44% since 2019 |
| Total Units | 1,405 |
| Vacant Units | 166 |
| Avg HH Size | 2.61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,405 |
|---|---|
| Vacant | 166 |
| Owner Occupied | 84.2% |
| Renter Occupied | 15.8% |
| Avg HH Size | 2.61 |
ZIP code 07931 is located in Far Hills, New Jersey, within Somerset County. With a population of 3,271, this is a sparsely populated ZIP code with a mature community — the median age is 47 years. Economically, 07931 is a affluent ZIP code: the median household income of $159,013 is more than double the national average.
Real estate in ZIP code 07931 represents among the most expensive housing markets in the country. The median home value of $1,084,200 is more than double the national average. Renters can expect to pay around $3,469 per month in median rent. Homeownership is strong here — 84.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 18% since 2019.
The population of 07931 is primarily White (78.08%). Residents are highly educated — 73.5% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.8%. Household income has declined by 13% since 2019.
The unemployment rate in 07931 stands at 7.0%, which is above the national average. A notably high share of workers — 30% — 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 52%.
Overall, ZIP code 07931 in Far Hills, NJ is characterized as affluent, highly educated, a mature community, and predominantly owner-occupied. With 3,271 residents, a median household income of $159,013, and a median home value of $1,084,200, it offers a clear picture of life in this part of New Jersey.