ZIP Code 08720
ZIP Code Tabulation Area in Monmouth County, New Jersey.
- Population
- 774
- Median household income
- $218,173
- Median home value
- $757,000
-4.2%’19–’23
+100.6%’19–’23
+29.8%’19–’23
Covering part of Monmouth County, New Jersey, ZIP Code 08720 has about 774 residents. At $218,173, its median household income sits above Monmouth County's $122,727.
From 2019 to 2023, ZIP Code 08720's population declined 4.2% from 808 to 774, while its median household income rose 100.6% from $108,750 to $218,173.
100.0% of homes are single-family detached houses. The typical home was built around 1966.
Demographics
ACS 2019–2023- Population
- 774
- Median age
- 48.4 yrs
- Median household income
- $218,173
- Median home value
- $757,000
- Median gross rent
- —
- Housing units
- 287
- Homeownership rate
- 82.9%
- Bachelor's degree or higher
- 43.3%
- Unemployment rate
- 2.3%
Trends
ACS 5-year · 2019–2023808774
$108,750$218,173
$583,300$757,000
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 808 | $108,750 | $583,300 | $1,705 |
| 2020 | 777 | $131,983 | $558,500 | — |
| 2021 | 687 | $126,375 | $556,500 | — |
| 2022 | 644 | $138,636 | $632,800 | — |
| 2023 | 774 | $218,173 | $757,000 | — |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 55.9%
5 to 179.2%
18 to 248.1%
25 to 3412.5%
35 to 449.6%
45 to 5419.6%
55 to 649.7%
65 to 7415.8%
75 and over9.6%
| Count | Share | |
|---|---|---|
| Under 5 | 46 | 5.9% |
| 5 to 17 | 71 | 9.2% |
| 18 to 24 | 63 | 8.1% |
| 25 to 34 | 97 | 12.5% |
| 35 to 44 | 74 | 9.6% |
| 45 to 54 | 152 | 19.6% |
| 55 to 64 | 75 | 9.7% |
| 65 to 74 | 122 | 15.8% |
| 75 and over | 74 | 9.6% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 706 | 91.2% |
| Black or African American | 24 | 3.1% |
| American Indian & Alaska Native | 0 | 0.0% |
| Asian | 18 | 2.3% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 0 | 0.0% |
| Two or more races | 26 | 3.4% |
| Hispanic or Latino (any race) | 0 | 0.0% |
Educational attainment (age 25+)
No high school diploma3.0%
High school graduate26.8%
Some college or associate's26.9%
Bachelor's degree29.0%
Graduate or professional degree14.3%
| Count | Share | |
|---|---|---|
| No high school diploma | 18 | 3.0% |
| High school graduate | 159 | 26.8% |
| Some college or associate's | 160 | 26.9% |
| Bachelor's degree | 172 | 29.0% |
| Graduate or professional degree | 85 | 14.3% |
Commute to work
- Mean travel time to work
- 29 min
Drove alone89.6%
Carpooled8.9%
Public transit0.0%
Walked0.0%
Bicycle0.0%
Worked from home1.5%
Other means0.0%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 415 | 89.6% |
| Carpooled | 41 | 8.9% |
| Public transit | 0 | 0.0% |
| Walked | 0 | 0.0% |
| Bicycle | 0 | 0.0% |
| Worked from home | 7 | 1.5% |
| Other means | 0 | 0.0% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 83 | 18.2% |
| 15 to 29 min | 254 | 55.7% |
| 30 to 44 min | 26 | 5.7% |
| 45 to 59 min | 22 | 4.8% |
| 60+ min | 71 | 15.6% |
Households
- Average household size
- 2.63
- Poverty rate
- 5.7% (38 of 661)
| Count | Share | |
|---|---|---|
| Family households | 170 | 67.7% |
| Nonfamily households | 81 | 32.3% |
Housing
- Median year structure built
- 1966
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 251 | 87.5% |
| Vacant | 36 | 12.5% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 208 | 82.9% |
| Renter-occupied | 43 | 17.1% |
1-unit, detached100.0%
1-unit, attached0.0%
2 to 4 units0.0%
5 to 19 units0.0%
20 or more units0.0%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 287 | 100.0% |
| 1-unit, attached | 0 | 0.0% |
| 2 to 4 units | 0 | 0.0% |
| 5 to 19 units | 0 | 0.0% |
| 20 or more units | 0 | 0.0% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 08720
- Land area
- 2.64 sq mi
- Water area
- 0.04 sq mi
- Center point
- 40.1450, -74.1255
Counties this ZIP covers
2Compare with nearby ZIP codes
5National 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)