08055 Zip Code

April 18, 2024

Zip Code:	08055
City/Town:	Medford Township
State:	New Jersey

Population:	27,179
Per Capita Income:	$45,350
Mean Household Income:	$120,579

Total Housing Units:	9,760
Median Home Value:	$201,000
Median Year Homes Built:	1975

Land Area:	40.1 sq miles 103.8 sq kilometers
Water Area:	1.1 sq miles 3.0 sq kilometers

Population Information (08055 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

27,179

Male:

13,220

48.6%

49.2%

Female:

13,959

51.4%

50.8%

Median Age:

43.4 yrs

37.2 yrs

Under 5 years:

1,392

5.1%

6.5%

5 to 9 years:

1,975

7.3%

6.6%

10 to 19 years:

4,339

16.0%

13.8%

20 to 29 years:

1,960

7.2%

13.8%

30 to 39 years:

2,489

9.2%

13.0%

40 to 49 years:

4,793

17.6%

14.2%

50 to 59 years:

4,474

16.5%

13.6%

60 to 69 years:

3,281

12.1%

9.4%

70 to 79 years:

1,398

5.1%

5.4%

80 years and over:

1,078

4.0%

3.7%

Housing Information (08055 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$201,000

$119,600

Median year homes build:

1975

1971

Median real estate taxes:

$4,963 / yr.

$1,334 / yr.

Median rent:

$832 / mo.

$519 / mo.

Total households:

9,760

Family households:

7,641

78.3%

66.4%

Nonfamily households:

2,119

21.7%

33.6%

Households with individuals under 18 years:

3,741

38.3%

33.4%

Households with individuals 65 years and over:

2,592

26.6%

24.9%

Average household size:

2.8

Average family size:

3.2

Total housing units:

10,195

Occupied housing units:

9,760

95.7%

88.6%

Vacant housing units:

435

4.3%

11.4%

For rent:

154

1.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.0%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.6%

3.5%

All other vacants:

0.9%

2.8%

Homeowner vacancy rate:

1.2%

2.4%

Rental vacancy rate:

10.7%

9.2%

Owner-occupied housing units:

8,489

Population in owner-occupied housing units:

24,340

Average household size of owner-occupied units:

2.9

2.65

Renter-occupied housing units:

1,271

Population in renter-occupied housing units:

2,619

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (08055 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

18,374

Less than 9th grade:

217

1.2%

6.2%

9th to 12th grade, no diploma:

730

4.0%

8.7%

High school graduate (includes equivalency):

3,548

19.3%

29.0%

Some college, no degree:

3,345

18.2%

20.6%

Associate degree:

1,385

7.5%

Bachelor's degree:

5,896

32.1%

17.6%

Graduate or professional degree:

3,253

17.7%

10.3%

Percent high school graduate or higher:

94.8%

85.0%

Percent bachelor's degree or higher:

49.8%

27.9%

Income Information (08055 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:

9,563

35.2%

50.4%

Median income:

$54,393 / yr.

$27,932 / yr.

Full-time, year-round workers:

5,978

22.0%

59.7%

Median income:

$69,767 / yr.

$38,349 / yr.

Females 15 years and over with income:

9,088

33.4%

49.6%

Median income:

$24,138 / yr.

$16,327 / yr.

Full-time, year-round workers:

3,244

11.9%

40.3%

Median income:

$37,872 / yr.

$28,135 / yr.

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