ZIP 07416 vs ZIP 07423
A side-by-side comparison of ZIP Code 07416 and ZIP Code 07423: population, income, housing, and more.
ZIP 07416 and ZIP 07423 are ZIP Code areas in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.
ZIP 07416 has the higher population (5,746 vs 4,230 in ZIP 07423). ZIP 07423 has the higher median household income ($250,001 vs $90,869 in ZIP 07416). ZIP 07423 has the higher median home value ($1,032,800 vs $263,600 in ZIP 07416).
Population, income & housing
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| Population | 5,746 | 4,230 |
| Median age | 50.6 yrs | 42.8 yrs |
| Median household income | $90,869 | $250,001 |
| Median home value | $263,600 | $1,032,800 |
| Median gross rent | $1,346 | $2,375 |
| Housing units | 2,837 | 1,532 |
| Homeownership rate | 62.3% | 91.0% |
| Bachelor's degree or higher | 21.8% | 81.0% |
| Unemployment rate | 6.8% | 1.9% |
Trends (ACS 5-year, 2019–2023)
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| Population | 5,523 → 5,746 (+4.0%) | 4,094 → 4,230 (+3.3%) |
| Median household income | $68,242 → $90,869 (+33.2%) | $216,875 → $250,001 (+15.3%) |
| Median home value | $194,400 → $263,600 (+35.6%) | $756,800 → $1,032,800 (+36.5%) |
| Median gross rent | $1,098 → $1,346 (+22.6%) | $2,453 → $2,375 (-3.2%) |
ZIP 07416
5,5235,746
$68,242$90,869
$194,400$263,600
$1,098$1,346
ZIP 07423
4,0944,230
$216,875$250,001
$756,800$1,032,800
$2,453$2,375
Age & race/ethnicity
Age distribution (share)
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| Under 5 | 4.4% | 4.9% |
| 5 to 17 | 12.1% | 22.6% |
| 18 to 24 | 7.0% | 10.1% |
| 25 to 34 | 13.0% | 4.6% |
| 35 to 44 | 5.4% | 12.1% |
| 45 to 54 | 13.0% | 14.1% |
| 55 to 64 | 19.6% | 17.5% |
| 65 to 74 | 16.2% | 7.1% |
| 75 and over | 9.3% | 7.0% |
Race & ethnicity (share)
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| White (non-Hispanic) | 77.8% | 70.3% |
| Black or African American | 0.7% | 1.1% |
| American Indian & Alaska Native | 0.0% | 0.0% |
| Asian | 0.2% | 14.1% |
| Native Hawaiian & Pacific Islander | 0.0% | 0.0% |
| Some other race | 0.8% | 0.5% |
| Two or more races | 4.0% | 4.8% |
| Hispanic or Latino | 16.5% | 9.1% |
Educational attainment (age 25+)
Share of adults 25+
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| No high school diploma | 7.4% | 2.4% |
| High school graduate | 42.3% | 6.1% |
| Some college or associate's | 28.5% | 10.4% |
| Bachelor's degree | 15.1% | 37.5% |
| Graduate or professional degree | 6.8% | 43.5% |
Commute to work
How workers get to work (share)
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| Drove alone | 79.3% | 49.2% |
| Carpooled | 10.8% | 4.1% |
| Public transit | 0.8% | 12.9% |
| Walked | 1.0% | 2.2% |
| Bicycle | 0.0% | 0.4% |
| Worked from home | 7.3% | 29.4% |
| Other means | 0.8% | 1.7% |
Housing
Units in structure (share)
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| 1-unit, detached | 56.4% | 88.8% |
| 1-unit, attached | 6.7% | 4.8% |
| 2 to 4 units | 14.9% | 5.7% |
| 5 to 19 units | 13.2% | 0.0% |
| 20 or more units | 4.7% | 0.7% |
| Mobile home & other | 4.1% | 0.0% |
Poverty & households
| ZIP 07416 | ZIP 07423 | |
|---|---|---|
| Poverty rate | 7.3% | 0.0% |
| Average household size | 2.18 | 2.96 |
| Mean commute (minutes) | 37 | 36 |
| Median year structure built | 1958 | 1958 |