| ZIP Code | 08720 |
|---|---|
| City | Allenwood |
| State | New Jersey (NJ) |
| County | Monmouth County |
| Area Code | 732/848 |
| Elevation | 58 ft |
| Latitude | 40.144999 |
|---|---|
| Longitude | -74.125502 |
| Timezone | New York (DST) |
| FIPS | 34025 |
| ZIP Type | PO Box |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.4 yrs ↓ 6% since 2019 |
|---|---|
| Avg Household Size | 2.63 |
| Below Poverty | 4.9% ▼ 51% below avg |
| College Grads | 48.8% ▲ 26% above avg |
| Unemployment | 2.3% ▼ 53% below avg |
| No HS Diploma | 5 (0.9%) |
| HS Graduate | 117 (20.3%) |
| Some College | 42 (7.3%) |
| Associates | 131 (22.7%) |
| Bachelors | 29 (5%) |
| Graduate Degree | 252 (43.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $218,173 ▲ 186% above avg ↑ 101% since 2019 |
|---|---|
| Median Home Value | $757,000 ▲ 172% above avg ↑ 30% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Total Units | 287 |
| Vacant Units | 36 |
| Avg HH Size | 2.63 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 287 |
|---|---|
| Vacant | 36 |
| Owner Occupied | 82.9% |
| Renter Occupied | 17.1% |
| Avg HH Size | 2.63 |
ZIP code 08720 is located in Allenwood, New Jersey, within Monmouth County. With a population of 774, this is a sparsely populated ZIP code with a mature community — the median age is 48.4 years. Economically, 08720 is a affluent ZIP code: the median household income of $218,173 is more than double the national average.
Real estate in ZIP code 08720 represents a premium housing market. The median home value of $757,000 is more than double the national average. Homeownership is strong here — 82.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 30% since 2019.
The population of 08720 is primarily White (91.21%). Residents are well-educated — 48.8% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 4.9%. Household income has grown by 101% since 2019.
The unemployment rate in 08720 stands at 2.3%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 90%.
Overall, ZIP code 08720 in Allenwood, NJ is characterized as affluent, well-educated, a mature community, and predominantly owner-occupied. With 774 residents, a median household income of $218,173, and a median home value of $757,000, it offers a clear picture of life in this part of New Jersey.