07023 Zip Code

April 18, 2024

Zip Code:	07023
City/Town:	Fanwood
State:	New Jersey

Population:	7,318
Per Capita Income:	$42,015
Mean Household Income:	$118,727

Total Housing Units:	2,627
Median Home Value:	$224,300
Median Year Homes Built:	1953

Land Area:	1.3 sq miles 3.5 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (07023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

7,318

Male:

3,566

48.7%

49.2%

Female:

3,752

51.3%

50.8%

Median Age:

40.5 yrs

37.2 yrs

Under 5 years:

573

7.8%

6.5%

5 to 9 years:

620

5.5%

6.6%

10 to 19 years:

934

12.8%

13.8%

20 to 29 years:

460

6.3%

13.8%

30 to 39 years:

990

13.5%

13.0%

40 to 49 years:

1,304

17.8%

14.2%

50 to 59 years:

1,033

14.1%

13.6%

60 to 69 years:

646

8.8%

9.4%

70 to 79 years:

373

5.1%

5.4%

80 years and over:

385

5.3%

3.7%

Housing Information (07023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$224,300

$119,600

Median year homes build:

1953

1971

Median real estate taxes:

$5,629 / yr.

$1,334 / yr.

Median rent:

$1,077 / mo.

$519 / mo.

Total households:

2,627

Family households:

2,070

78.8%

66.4%

Nonfamily households:

557

21.2%

33.6%

Households with individuals under 18 years:

1,109

42.2%

33.4%

Households with individuals 65 years and over:

754

28.7%

24.9%

Average household size:

2.8

Average family size:

3.2

Total housing units:

2,686

Occupied housing units:

2,627

97.8%

88.6%

Vacant housing units:

2.2%

11.4%

For rent:

0.3%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

0.8%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

0.6%

2.8%

Homeowner vacancy rate:

0.9%

2.4%

Rental vacancy rate:

2.4%

9.2%

Owner-occupied housing units:

2,346

Population in owner-occupied housing units:

6,807

Average household size of owner-occupied units:

2.9

2.65

Renter-occupied housing units:

281

Population in renter-occupied housing units:

503

Average household size of renter-occupied units:

1.8

2.44

Educational Attainment (07023 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

4,999

Less than 9th grade:

1.9%

6.2%

9th to 12th grade, no diploma:

155

3.1%

8.7%

High school graduate (includes equivalency):

997

19.9%

29.0%

Some college, no degree:

895

17.9%

20.6%

Associate degree:

309

6.2%

7.5%

Bachelor's degree:

1,634

32.7%

17.6%

Graduate or professional degree:

914

18.3%

10.3%

Percent high school graduate or higher:

95.0%

85.0%

Percent bachelor's degree or higher:

51.0%

27.9%

Income Information (07023 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:

2,487

34.0%

50.4%

Median income:

$52,974 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,674

22.9%

59.7%

Median income:

$66,250 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,514

34.4%

49.6%

Median income:

$27,027 / yr.

$16,327 / yr.

Full-time, year-round workers:

994

13.6%

40.3%

Median income:

$42,042 / yr.

$28,135 / yr.

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