Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.4 yrs |
|---|---|
| Avg HH Size | 2.76 |
| Below Poverty | 1.4% ▼ 86% below avg |
| College Grads | 75.9% ▲ 96% above avg |
| Unemployment | 2.8% ▼ 42% below avg |
| No HS Diploma | 22 (0.4%) |
| HS Graduate | 609 (11.9%) |
| Some College | 199 (3.9%) |
| Associates | 406 (7.9%) |
| Bachelors | 229 (4.5%) |
| Graduate Degree | 3,652 (71.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $176,667 ▲ 132% above avg |
|---|---|
| Median Home Value | $610,600 ▲ 119% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $2,368/mo |
| Total Housing Units | 2,783 |
| Vacant Units | 7 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Fanwood is a city in New Jersey, located in Union County. The city spans 1 ZIP code and is home to approximately 7,714 residents. It is a middle-aged city, with a median age of 42.4 years.
Economically, Fanwood is a affluent community. The median household income of $176,667 is more than double the national average. Approximately 1.4% of residents live below the poverty line. The unemployment rate is 2.8%, below the national average.
The real estate market in Fanwood is a premium housing market. Median home values stand at $610,600, which is more than double the national average. Renters typically pay around $2,368 per month. Homeownership is high at 86.5%, typical of suburban and family-oriented communities.
The population of Fanwood is highly educated. 75.9% of adults hold a bachelor's degree or higher — significantly above the national average. The community is majority White (69.8%).
Fanwood, NJ offers residents above-average earning potential within New Jersey.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 07023 | 7,714 | $176,667 | $610,600 | $2,368 | 2.8% | 75.9% | 86.5% |