ZIP Code 07940
ZIP Code Tabulation Area in Morris County, New Jersey.
- Population
- 17,675
- Median household income
- $168,520
- Median home value
- $883,200
+0.9%’19–’23
+14.9%’19–’23
+22.0%’19–’23
ZIP Code 07940 is a ZIP Code Tabulation Area in Morris County, New Jersey, home to about 17,675 residents. At $168,520, its median household income sits above Morris County's $134,929.
Between 2019 and 2023, ZIP Code 07940's population held roughly steady from 17,523 to 17,675, while its median gross rent rose 24.4% from $1,807 to $2,248.
70.7% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 64.2% of the area's occupied homes.
Demographics
ACS 2019–2023- Population
- 17,675
- Median age
- 35.2 yrs
- Median household income
- $168,520
- Median home value
- $883,200
- Median gross rent
- $2,248
- Housing units
- 5,733
- Homeownership rate
- 64.2%
- Bachelor's degree or higher
- 70.7%
- Unemployment rate
- 6.8%
Trends
ACS 5-year · 2019–202317,52317,675
$146,620$168,520
$724,000$883,200
$1,807$2,248
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 17,523 | $146,620 | $724,000 | $1,807 |
| 2020 | 17,794 | $157,577 | $740,800 | $1,908 |
| 2021 | 18,054 | $152,469 | $748,000 | $2,003 |
| 2022 | 17,798 | $163,643 | $845,500 | $2,168 |
| 2023 | 17,675 | $168,520 | $883,200 | $2,248 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 55.0%
5 to 1716.4%
18 to 2419.4%
25 to 349.0%
35 to 4411.3%
45 to 5413.2%
55 to 6413.2%
65 to 746.5%
75 and over6.0%
| Count | Share | |
|---|---|---|
| Under 5 | 875 | 5.0% |
| 5 to 17 | 2,902 | 16.4% |
| 18 to 24 | 3,431 | 19.4% |
| 25 to 34 | 1,595 | 9.0% |
| 35 to 44 | 1,989 | 11.3% |
| 45 to 54 | 2,341 | 13.2% |
| 55 to 64 | 2,330 | 13.2% |
| 65 to 74 | 1,143 | 6.5% |
| 75 and over | 1,069 | 6.0% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 12,887 | 72.9% |
| Black or African American | 394 | 2.2% |
| American Indian & Alaska Native | 9 | 0.1% |
| Asian | 1,002 | 5.7% |
| Native Hawaiian & Pacific Islander | 8 | 0.0% |
| Some other race | 61 | 0.3% |
| Two or more races | 771 | 4.4% |
| Hispanic or Latino (any race) | 2,543 | 14.4% |
Educational attainment (age 25+)
No high school diploma3.3%
High school graduate14.6%
Some college or associate's11.4%
Bachelor's degree39.9%
Graduate or professional degree30.8%
| Count | Share | |
|---|---|---|
| No high school diploma | 348 | 3.3% |
| High school graduate | 1,526 | 14.6% |
| Some college or associate's | 1,192 | 11.4% |
| Bachelor's degree | 4,180 | 39.9% |
| Graduate or professional degree | 3,221 | 30.8% |
Commute to work
- Mean travel time to work
- 26 min
Drove alone52.2%
Carpooled3.8%
Public transit7.7%
Walked9.5%
Bicycle0.6%
Worked from home24.7%
Other means1.5%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 4,584 | 52.2% |
| Carpooled | 332 | 3.8% |
| Public transit | 679 | 7.7% |
| Walked | 837 | 9.5% |
| Bicycle | 52 | 0.6% |
| Worked from home | 2,174 | 24.7% |
| Other means | 130 | 1.5% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 2,353 | 35.6% |
| 15 to 29 min | 2,066 | 31.2% |
| 30 to 44 min | 878 | 13.3% |
| 45 to 59 min | 403 | 6.1% |
| 60+ min | 914 | 13.8% |
Households
- Average household size
- 2.68
- Poverty rate
- 2.8% (420 of 14,903)
| Count | Share | |
|---|---|---|
| Family households | 3,852 | 69.2% |
| Nonfamily households | 1,714 | 30.8% |
Housing
- Median year structure built
- 1959
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 5,566 | 97.1% |
| Vacant | 167 | 2.9% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 3,575 | 64.2% |
| Renter-occupied | 1,991 | 35.8% |
1-unit, detached62.8%
1-unit, attached6.9%
2 to 4 units15.3%
5 to 19 units7.8%
20 or more units7.2%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 3,602 | 62.8% |
| 1-unit, attached | 393 | 6.9% |
| 2 to 4 units | 878 | 15.3% |
| 5 to 19 units | 448 | 7.8% |
| 20 or more units | 412 | 7.2% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 07940
- Land area
- 4.91 sq mi
- Water area
- 0.02 sq mi
- Center point
- 40.7605, -74.4195
Counties this ZIP covers
1Compare with nearby ZIP codes
6National 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)