07508 Zip Code

April 19, 2024

Zip Code:	07508
City/Town:	Prospect Pk
State:	New Jersey

Population:	22,600
Per Capita Income:	$27,091
Mean Household Income:	$78,245

Total Housing Units:	7,698
Median Home Value:	$199,300
Median Year Homes Built:	1951

Land Area:	5.1 sq miles 13.2 sq kilometers
Water Area:	0.0 sq miles 0.1 sq kilometers

Population Information (07508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

22,600

Male:

10,744

47.5%

49.2%

Female:

11,856

52.5%

50.8%

Median Age:

37.4 yrs

37.2 yrs

Under 5 years:

1,459

6.5%

5 to 9 years:

1,484

6.9%

6.6%

10 to 19 years:

3,230

14.3%

13.8%

20 to 29 years:

2,948

13.0%

13.8%

30 to 39 years:

2,952

13.1%

13.0%

40 to 49 years:

3,375

14.9%

14.2%

50 to 59 years:

2,916

12.9%

13.6%

60 to 69 years:

2,071

9.2%

9.4%

70 to 79 years:

1,144

5.1%

5.4%

80 years and over:

1,021

4.5%

3.7%

Housing Information (07508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$199,300

$119,600

Median year homes build:

1951

1971

Median real estate taxes:

$4,805 / yr.

$1,334 / yr.

Median rent:

$748 / mo.

$519 / mo.

Total households:

7,698

Family households:

5,869

76.2%

66.4%

Nonfamily households:

1,829

23.8%

33.6%

Households with individuals under 18 years:

3,013

39.1%

33.4%

Households with individuals 65 years and over:

2,222

28.9%

24.9%

Average household size:

2.9

Average family size:

3.4

Total housing units:

8,076

Occupied housing units:

7,698

95.3%

88.6%

Vacant housing units:

378

4.7%

11.4%

For rent:

148

1.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

0.8%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

121

1.5%

2.8%

Homeowner vacancy rate:

1.3%

2.4%

Rental vacancy rate:

5.0%

9.2%

Owner-occupied housing units:

4,895

Population in owner-occupied housing units:

14,788

Average household size of owner-occupied units:

3.0

2.65

Renter-occupied housing units:

2,803

Population in renter-occupied housing units:

7,704

Average household size of renter-occupied units:

2.8

2.44

Educational Attainment (07508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

14,406

Less than 9th grade:

1,443

10.0%

6.2%

9th to 12th grade, no diploma:

1,543

10.7%

8.7%

High school graduate (includes equivalency):

4,848

33.7%

29.0%

Some college, no degree:

2,563

17.8%

20.6%

Associate degree:

699

4.9%

7.5%

Bachelor's degree:

2,330

16.2%

17.6%

Graduate or professional degree:

980

6.8%

10.3%

Percent high school graduate or higher:

79.3%

85.0%

Percent bachelor's degree or higher:

23.0%

27.9%

Income Information (07508 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

7,504

33.2%

50.4%

Median income:

$32,044 / yr.

$27,932 / yr.

Full-time, year-round workers:

4,283

19.0%

59.7%

Median income:

$42,066 / yr.

$38,349 / yr.

Females 15 years and over with income:

7,807

34.5%

49.6%

Median income:

$17,032 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,786

12.3%

40.3%

Median income:

$31,380 / yr.

$28,135 / yr.

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