08848 Zip Code

April 19, 2024

Zip Code:	08848
City/Town:	Milford
State:	New Jersey

Population:	8,435
Per Capita Income:	$36,054
Mean Household Income:	$100,927

Total Housing Units:	3,156
Median Home Value:	$206,000
Median Year Homes Built:	1966

Land Area:	33.3 sq miles 86.3 sq kilometers
Water Area:	0.7 sq miles 1.8 sq kilometers

Population Information (08848 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

8,435

Male:

4,170

49.4%

49.2%

Female:

4,265

50.6%

50.8%

Median Age:

44.7 yrs

37.2 yrs

Under 5 years:

387

4.6%

6.5%

5 to 9 years:

505

7.4%

6.6%

10 to 19 years:

1,324

15.7%

13.8%

20 to 29 years:

621

7.4%

13.8%

30 to 39 years:

768

9.1%

13.0%

40 to 49 years:

1,526

18.1%

14.2%

50 to 59 years:

1,491

17.7%

13.6%

60 to 69 years:

1,033

12.2%

9.4%

70 to 79 years:

467

5.5%

5.4%

80 years and over:

313

3.7%

Housing Information (08848 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$206,000

$119,600

Median year homes build:

1966

1971

Median real estate taxes:

$3,306 / yr.

$1,334 / yr.

Median rent:

$728 / mo.

$519 / mo.

Total households:

3,156

Family households:

2,414

76.5%

66.4%

Nonfamily households:

742

23.5%

33.6%

Households with individuals under 18 years:

1,117

35.4%

33.4%

Households with individuals 65 years and over:

870

27.6%

24.9%

Average household size:

2.7

Average family size:

3.1

Total housing units:

3,317

Occupied housing units:

3,156

95.1%

88.6%

Vacant housing units:

161

4.9%

11.4%

For rent:

0.7%

3.1%

Rented, not occupied:

0.2%

For sale only:

0.8%

1.4%

Sold, not occupied:

0.5%

0.3%

For seasonal, recreational, or occasional use:

0.9%

3.5%

All other vacants:

1.8%

2.8%

Homeowner vacancy rate:

1.0%

2.4%

Rental vacancy rate:

5.6%

9.2%

Owner-occupied housing units:

2,788

Population in owner-occupied housing units:

7,665

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

368

Population in renter-occupied housing units:

764

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (08848 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

5,889

Less than 9th grade:

183

3.1%

6.2%

9th to 12th grade, no diploma:

311

5.3%

8.7%

High school graduate (includes equivalency):

2,119

36.0%

29.0%

Some college, no degree:

1,139

19.3%

20.6%

Associate degree:

405

6.9%

7.5%

Bachelor's degree:

1,094

18.6%

17.6%

Graduate or professional degree:

638

10.8%

10.3%

Percent high school graduate or higher:

91.6%

85.0%

Percent bachelor's degree or higher:

29.4%

27.9%

Income Information (08848 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:

3,141

37.2%

50.4%

Median income:

$43,098 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,921

22.8%

59.7%

Median income:

$56,660 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,923

34.7%

49.6%

Median income:

$19,539 / yr.

$16,327 / yr.

Full-time, year-round workers:

1,164

13.8%

40.3%

Median income:

$36,581 / yr.

$28,135 / yr.

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