08720 ZIP Code – Allenwood, New Jersey

08720 is a small ZIP code in Allenwood, New Jersey, part of Monmouth County with a population of approximately 644 residents. The median household income of $138,636 is above the New Jersey average and well above the national average. The median home value of $632,800 is well above the national average, with 94.9% owner-occupied housing (increasing). Housing consists of 100% single-family (stable).

The area reports an unemployment rate of 2.3%, well below the national average. The poverty rate is 5.7%, well below the national average. Bachelor's degree attainment is 43.3%, well above the national average. Residents have a median age of 48.4, near the U.S. median. ZIP codes in the surrounding area include 07719, 08736, 08724.

ZIP Code 08720 Data

Population 644
Median Household Income $138,636
Median Home Value $632,800
Median Rent Not provided
Median Age 48.4
Unemployment Rate 2.3%
Poverty Rate 5.7%
Bachelor's Degree or Higher 43.3%
State New Jersey

ZIP 08720 vs. New Jersey vs. U.S.

MetricZIP 08720NJ Avg.U.S. Avg.
Population64415k10k
Median Household Income$138k$113k$73k
Median Home Value$632k$459k$258k
Median Rent$1,724$1,088
Median Age48.443.143.2
Unemployment Rate2.3%5.8%5.0%
Poverty Rate5.7%8.1%13.3%
Bachelor's Degree or Higher43.3%44.1%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
07719 BELMAR 21,994 $116,116
08736 MANASQUAN 13,234 $159,533
08724 BRICK 40,560 $87,644
08730 BRIELLE 4,957 $160,845
08750 SEA GIRT 3,612 $154,130