08502 Zip Code

April 18, 2024

Zip Code:	08502
City/Town:	Montgomery
State:	New Jersey

Population:	11,317
Per Capita Income:	$50,368
Mean Household Income:	$159,379

Total Housing Units:	3,639
Median Home Value:	$320,800
Median Year Homes Built:	1986

Land Area:	12.8 sq miles 33.1 sq kilometers
Water Area:	0.1 sq miles 0.2 sq kilometers

Population Information (08502 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

11,317

Male:

5,594

49.4%

49.2%

Female:

5,723

50.6%

50.8%

Median Age:

39.6 yrs

37.2 yrs

Under 5 years:

514

4.5%

6.5%

5 to 9 years:

968

9.8%

6.6%

10 to 19 years:

2,424

21.4%

13.8%

20 to 29 years:

787

7.0%

13.8%

30 to 39 years:

1,039

9.2%

13.0%

40 to 49 years:

2,392

21.1%

14.2%

50 to 59 years:

1,966

17.4%

13.6%

60 to 69 years:

714

6.3%

9.4%

70 to 79 years:

340

3.0%

5.4%

80 years and over:

173

1.5%

3.7%

Housing Information (08502 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$320,800

$119,600

Median year homes build:

1986

1971

Median real estate taxes:

$6,717 / yr.

$1,334 / yr.

Median rent:

$1,151 / mo.

$519 / mo.

Total households:

3,639

Family households:

3,092

85.0%

66.4%

Nonfamily households:

547

15.0%

33.6%

Households with individuals under 18 years:

1,988

54.6%

33.4%

Households with individuals 65 years and over:

572

15.7%

24.9%

Average household size:

3.1

Average family size:

3.4

Total housing units:

3,744

Occupied housing units:

3,639

97.2%

88.6%

Vacant housing units:

105

2.8%

11.4%

For rent:

1.4%

3.1%

Rented, not occupied:

0.3%

0.2%

For sale only:

0.2%

1.4%

Sold, not occupied:

0.0%

0.3%

For seasonal, recreational, or occasional use:

0.2%

3.5%

All other vacants:

0.7%

2.8%

Homeowner vacancy rate:

0.3%

2.4%

Rental vacancy rate:

5.7%

9.2%

Owner-occupied housing units:

2,802

Population in owner-occupied housing units:

9,263

Average household size of owner-occupied units:

3.3

2.65

Renter-occupied housing units:

837

Population in renter-occupied housing units:

1,989

Average household size of renter-occupied units:

2.4

2.44

Educational Attainment (08502 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

11,833

Less than 9th grade:

171

1.4%

6.2%

9th to 12th grade, no diploma:

343

2.9%

8.7%

High school graduate (includes equivalency):

1,726

14.6%

29.0%

Some college, no degree:

1,620

13.7%

20.6%

Associate degree:

733

6.2%

7.5%

Bachelor's degree:

4,040

34.1%

17.6%

Graduate or professional degree:

3,200

27.0%

10.3%

Percent high school graduate or higher:

95.7%

85.0%

Percent bachelor's degree or higher:

61.2%

27.9%

Income Information (08502 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:

6,365

56.2%

50.4%

Median income:

$73,866 / yr.

$27,932 / yr.

Full-time, year-round workers:

4,490

39.7%

59.7%

Median income:

$91,358 / yr.

$38,349 / yr.

Females 15 years and over with income:

5,470

48.3%

49.6%

Median income:

$31,815 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,277

20.1%

40.3%

Median income:

$50,592 / yr.

$28,135 / yr.

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