ZIP Code 07405
ZIP Code Tabulation Area in Morris County, New Jersey.
- Population
- 17,859
- Median household income
- $127,500
- Median home value
- $552,500
+2.0%’19–’23
+9.1%’19–’23
+22.4%’19–’23
ZIP Code 07405 is a ZIP Code Tabulation Area in Morris County, New Jersey, home to about 17,859 residents. The median household income of $127,500 is below the Morris County median ($134,929).
Between 2019 and 2023, ZIP Code 07405's population grew 2.0% from 17,508 to 17,859, while its median gross rent rose 8.0% from $1,413 to $1,526.
Owners occupy 79.8% of the area's occupied homes. The median resident is 41.9 years old.
Demographics
ACS 2019–2023- Population
- 17,859
- Median age
- 41.9 yrs
- Median household income
- $127,500
- Median home value
- $552,500
- Median gross rent
- $1,526
- Housing units
- 6,990
- Homeownership rate
- 79.8%
- Bachelor's degree or higher
- 56.9%
- Unemployment rate
- 7.0%
Trends
ACS 5-year · 2019–202317,50817,859
$116,884$127,500
$451,400$552,500
$1,413$1,526
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 17,508 | $116,884 | $451,400 | $1,413 |
| 2020 | 17,657 | $117,077 | $462,600 | $1,369 |
| 2021 | 17,992 | $117,740 | $461,600 | $1,413 |
| 2022 | 17,993 | $125,896 | $521,900 | $1,563 |
| 2023 | 17,859 | $127,500 | $552,500 | $1,526 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 54.9%
5 to 1714.5%
18 to 249.9%
25 to 3410.1%
35 to 4414.7%
45 to 5414.4%
55 to 6415.9%
65 to 7410.1%
75 and over5.5%
| Count | Share | |
|---|---|---|
| Under 5 | 876 | 4.9% |
| 5 to 17 | 2,598 | 14.5% |
| 18 to 24 | 1,774 | 9.9% |
| 25 to 34 | 1,800 | 10.1% |
| 35 to 44 | 2,631 | 14.7% |
| 45 to 54 | 2,564 | 14.4% |
| 55 to 64 | 2,832 | 15.9% |
| 65 to 74 | 1,807 | 10.1% |
| 75 and over | 977 | 5.5% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 13,790 | 77.2% |
| Black or African American | 145 | 0.8% |
| American Indian & Alaska Native | 0 | 0.0% |
| Asian | 1,019 | 5.7% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 18 | 0.1% |
| Two or more races | 330 | 1.8% |
| Hispanic or Latino (any race) | 2,557 | 14.3% |
Educational attainment (age 25+)
No high school diploma3.6%
High school graduate20.1%
Some college or associate's19.4%
Bachelor's degree40.0%
Graduate or professional degree16.9%
| Count | Share | |
|---|---|---|
| No high school diploma | 457 | 3.6% |
| High school graduate | 2,531 | 20.1% |
| Some college or associate's | 2,449 | 19.4% |
| Bachelor's degree | 5,042 | 40.0% |
| Graduate or professional degree | 2,132 | 16.9% |
Commute to work
- Mean travel time to work
- 35 min
Drove alone70.4%
Carpooled5.7%
Public transit5.3%
Walked0.2%
Bicycle0.2%
Worked from home18.1%
Other means0.2%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 6,697 | 70.4% |
| Carpooled | 538 | 5.7% |
| Public transit | 509 | 5.3% |
| Walked | 15 | 0.2% |
| Bicycle | 15 | 0.2% |
| Worked from home | 1,721 | 18.1% |
| Other means | 21 | 0.2% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 1,318 | 16.9% |
| 15 to 29 min | 2,162 | 27.7% |
| 30 to 44 min | 2,075 | 26.6% |
| 45 to 59 min | 997 | 12.8% |
| 60+ min | 1,243 | 15.9% |
Households
- Average household size
- 2.62
- Poverty rate
- 5.4% (956 of 17,859)
| Count | Share | |
|---|---|---|
| Family households | 5,081 | 74.7% |
| Nonfamily households | 1,719 | 25.3% |
Housing
- Median year structure built
- 1968
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 6,800 | 97.3% |
| Vacant | 190 | 2.7% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 5,425 | 79.8% |
| Renter-occupied | 1,375 | 20.2% |
1-unit, detached74.9%
1-unit, attached4.4%
2 to 4 units10.0%
5 to 19 units5.1%
20 or more units5.5%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 5,238 | 74.9% |
| 1-unit, attached | 310 | 4.4% |
| 2 to 4 units | 700 | 10.0% |
| 5 to 19 units | 358 | 5.1% |
| 20 or more units | 384 | 5.5% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 07405
- Land area
- 20 sq mi
- Water area
- 1.24 sq mi
- Center point
- 40.9878, -74.3782
Counties this ZIP covers
1Compare with nearby ZIP codes
4National ZIP rankings
21- Largest by population
- Most densely populated
- Highest median household income
- Highest median home value
- Most affordable home values
- Highest median gross rent
- Cheapest median gross rent
- Oldest by median age
- Youngest by median age
- Most college-educated
- Highest poverty rate
- Lowest poverty rate
- Highest homeownership rate
- Lowest homeownership rate
- Longest commutes
- Shortest commutes
- Largest households
- Newest housing
- Oldest housing
- Fastest-growing (2019–2023)
- Fastest-shrinking (2019–2023)