ZIP Code 07940 Demographics

Morris County, New Jersey  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 07940 compared to county averages.

Total Population

17,798

↓ 96.5% vs county

Median HH Income

$163,643

↑ +25.1% vs county

Median Home Value

$845,500

↑ +59.0% vs county

Median Age

34.5 yrs

↑ 19.2% vs county

Unemployment Rate

6.8%

↓ +28.0% vs county

Income & Housing Comparison

How ZIP 07940 compares to Morris County and New Jersey overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 07940 $164k Morris $131k New Jersey $97k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 07940 $846k Morris $532k New Jersey $401k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

39.0%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

63.7%

of occupied housing units are owner-occupied

Median Gross Rent

$2,168

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 07940 using local Census metrics.

Median Home Value$845,500
Down Payment (20%)$169,100
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$5,368P&I: $4275 | Tax: $846 | Ins: $247
Rent (Local Median)
$2,168
Renting is CheaperRenting is estimated to save you $3,200/month compared to buying costs.

How Does 07940 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 07940 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 07940, sorted by distance.

07961 1.6 mi away morris county 07932 1.8 mi away morris county 07935 2.1 mi away morris county 07928 2.3 mi away morris county 07901 4.1 mi away union county 07974 4.4 mi away union county 07976 4.4 mi away morris county 07078 4.6 mi away essex county

About Morris County

Morris County is located in New Jersey and has a total population of 508,816. The county's median household income is $130,808 and median home value is $531,800. ZIP code 07940 is one of many ZCTAs within this county.

View all ZIP codes in Morris County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.