| ZIP Code | 07945 |
|---|---|
| City | Mendham |
| State | New Jersey (NJ) |
| County | Morris County |
| Area Code | 862/973 |
| Elevation | 530 ft |
| Latitude | 40.780656 |
|---|---|
| Longitude | -74.601816 |
| Timezone | New York (DST) |
| FIPS | 34027 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.3 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.74 |
| Below Poverty | 1.9% ▼ 81% below avg |
| College Grads | 81.5% ▲ 110% above avg |
| Unemployment | 2.4% ▼ 51% below avg |
| No HS Diploma | 17 (0.3%) |
| HS Graduate | 542 (8.2%) |
| Some College | 276 (4.2%) |
| Associates | 381 (5.8%) |
| Bachelors | 242 (3.7%) |
| Graduate Degree | 5,130 (77.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $243,665 ▲ 219% above avg ↑ 33% since 2019 |
|---|---|
| Median Home Value | $894,200 ▲ 221% above avg ↑ 22% since 2019 |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $3,432/mo ↑ 126% since 2019 |
| Total Units | 3,651 |
| Vacant Units | 164 |
| Avg HH Size | 2.74 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,651 |
|---|---|
| Vacant | 164 |
| Owner Occupied | 91.7% |
| Renter Occupied | 8.3% |
| Avg HH Size | 2.74 |
ZIP code 07945 is located in Mendham, New Jersey, within Morris County. With a population of 9,771, this is a lightly populated ZIP code with a mature community — the median age is 46.3 years. Economically, 07945 is a affluent ZIP code: the median household income of $243,665 is more than double the national average.
Real estate in ZIP code 07945 represents among the most expensive housing markets in the country. The median home value of $894,200 is more than double the national average. Renters can expect to pay around $3,432 per month in median rent. Homeownership is strong here — 91.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 22% since 2019.
The population of 07945 is primarily White (81.24%). Residents are highly educated — 81.5% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 1.9%. Household income has grown by 33% since 2019.
The unemployment rate in 07945 stands at 2.4%, which is well below the national average. A notably high share of workers — 28% — 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 60%.
Overall, ZIP code 07945 in Mendham, NJ is characterized as affluent, highly educated, a mature community, and predominantly owner-occupied. With 9,771 residents, a median household income of $243,665, and a median home value of $894,200, it offers a clear picture of life in this part of New Jersey.