07920 ZIP Code – Basking Ridge, New Jersey
07920 is a large ZIP code in Basking Ridge, New Jersey, part of Somerset County with a population of approximately 28,460 residents. At $174,754, the median household income here runs well above the New Jersey average and well above the U.S. average. At $732,900, median home values run well above the national average, with 83.6% owner-occupied housing (increasing). , with median rent coming in at $2,262 — well above the national figure. Housing consists of 78% single-family (increasing), 14% apartments (decreasing), 7% duplex/multi-family.
The unemployment rate is 3.6%, below the national average. An estimated 3.9% of the population falls below the poverty line, well below the national figure. 73.5% of adults hold a bachelor's degree or higher, well above the U.S. average. Residents have a median age of 46.1, near the U.S. median. ZIP codes in the surrounding area include 07939, 07946, 07980.
ZIP Code 07920 Data
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ZIP 07920 vs. New Jersey vs. U.S.
| Metric | ZIP 07920 | NJ Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 28k | 15k | 10k |
| Median Household Income | $174k | $113k | $73k |
| Median Home Value | $732k | $459k | $258k |
| Median Rent | $2,262 | $1,724 | $1,088 |
| Median Age | 46.1 | 43.1 | 43.2 |
| Unemployment Rate | 3.6% | 5.8% | 5.0% |
| Poverty Rate | 3.9% | 8.1% | 13.3% |
| Bachelor's Degree or Higher | 73.5% | 44.1% | 26.9% |
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Nearby ZIP Codes
- 07939 – Lyons
- 07946 – Millington
- 07980 – Stirling
- 07924 – Bernardsville
- 07059 – Warren
- 07933 – Gillette
- 07976 – New Vernon
- 07977 – Peapack
- 07931 – Far Hills
- 08836 – Martinsville
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 07939 | LYONS | 330 | Not provided |
| 07946 | MILLINGTON | 2,991 | $203,393 |
| 07980 | STIRLING | 2,978 | $140,313 |
| 07924 | BERNARDSVILLE | 7,746 | $218,971 |
| 07059 | WARREN | 16,208 | $196,122 |