07931 ZIP Code – Far Hills, New Jersey
07931 is a small ZIP code in Far Hills, New Jersey, part of Somerset County with a population of approximately 3,399 residents. The median household income is $155,703 — above the New Jersey average and well above the national average. The median home value of $986,000 is well above the national average, with 82.9% owner-occupied housing (decreasing). . Median rent is $2,625, which is well above the U.S. average. Housing consists of 93% single-family (decreasing), 5% duplex/multi-family.
The unemployment rate is 7.0%, above the national average. The poverty rate of 4.8% is well below the U.S. average. An estimated 68.7% of adults hold a bachelor's degree or higher, well above the national average. Residents have a median age of 47.0, near the U.S. median. ZIP codes in the surrounding area include 07977, 07934, 07979.
ZIP Code 07931 Data
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ZIP 07931 vs. New Jersey vs. U.S.
| Metric | ZIP 07931 | NJ Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 3,399 | 15k | 10k |
| Median Household Income | $155k | $113k | $73k |
| Median Home Value | $986k | $459k | $258k |
| Median Rent | $2,625 | $1,724 | $1,088 |
| Median Age | 47.0 | 43.1 | 43.2 |
| Unemployment Rate | 7.0% | 5.8% | 5.0% |
| Poverty Rate | 4.8% | 8.1% | 13.3% |
| Bachelor's Degree or Higher | 68.7% | 44.1% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 07977 – Peapack
- 07934 – Gladstone
- 07979 – Pottersville
- 07921 – Bedminster
- 07924 – Bernardsville
- 08858 – Oldwick
- 07930 – Chester
- 07920 – Basking Ridge
- 07945 – Mendham
- 07939 – Lyons
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 07977 | PEAPACK | 689 | Not provided |
| 07934 | GLADSTONE | 1,575 | $211,250 |
| 07979 | POTTERSVILLE | 246 | Not provided |
| 07921 | BEDMINSTER | 7,573 | $125,893 |
| 07924 | BERNARDSVILLE | 7,746 | $218,971 |