Interested in purchasing investment houses in the 07931 zip code in Far Hills, NJ?
The zip code 07931 is in both Somerset and Morris counties with a latitude of -74.652610000000 and longitude of 40.709450000000, is in the state of New Jersey. The average asking price of houses and condos is $1,760,962.00 and the average sale price was $1,599,892.00. this regions is classified as the New York City metro area and is in the 908 area code. The location in degrees is 40° 42' 34.02" N, 74° 39' 9.396" W. The county F.I.P.S. is 34035. This zip code contains three cities including Far Hills, NJ (23.47%), Peapack and Gladstone, NJ (10.75%), and Bernardsville, NJ (3.93%) The total land area is 20.6 square miles and the water area is 0.2 square miles. The elevation in this area is 223 - 584 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07931 is in county number 035 and is L. Sector 00, L. Segment 01, H. Sector 46, and H. Segment 46. The population was 3,237 in 2019 and 3,296 in 2010. Of this, the break down in 2019 was 1,659 urban and 1,577 rural. This further breaks down to 1,731 males (53.5%) and 1,506 females (46.5%). The median age of residents is 44.3 years. The population of the greater New York-Northern New Jersey-Long Island, NY-NJ-PA area is 19,113,505. The population density (people per square mile) is 157. This zip code has a combined total of 1,128 houses and condos. There are 124 rented appartments. 12% of residents rent versus the 12% of residents in the state who rent.
The financial status of those living in this area is considered upper middle class. The average individual gross adjusted income is $614,973 and the average salary is $424,306. The median household income of individuals is $155,261.00 and the average is $648,770.00. This zip code has a mean commute time to work of 36.6 minutes. The unemployment rate is 2.8%. Income earners by percent breakdown as 12.60% (Under $50,000), 20.20% ($50,000-$100,000), and 67.20% earn over $100,000. 1.9% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 128.3. The educational breakdown is 100.5% have a high school education or higher, 68.3% have a bachelor's degree or higher, and 30.8% have some kind of profesional degree.
This area has 1,109 households and the average size is 2.9 people. Individuals who are single and have never been married are 27.9%, 62.2% are now married, 1.0% are separated, 2.8% are widowed, and 6.1% are divorced. The average yearly contribution amount given by people to charity was $22,378 versus the state average of $3,451. The percent of residents who gave to charity was 56.8%.
The estimated median value of houses and condos is $1,020,162. The median monthly owner costs of mortgage holders was $4,036, where as the costs for those who don't have a mortgage are $1,516. The median number of rooms in houses and condos are 10.0 versus apartments which had a median number of 5.9.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $10,434. In comparision, the average real estate tax percent rate in the state is 2.4% which equated to an average real estate tax amount payment in the state of $8,432. The median housing property tax percent for residents with mortgages was 1.1% which amounted to an average tax amount of $10,433. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $10,476. Reported taxable interest for persons was $28,679, dividends $62,518, capital gains +$207,147, and itemized deductions $157,890. The average earned income tax credit is $1,600. The percent of individuals that use a tax preparer is 79.0%. The total average income taxes paid by individuals was $100,321. Businesses reported an average profit of $57,640.
Ninty Acres
2 Main St, Far Hills, NJ 07931
Natirar
2 Main St, Far Hills, NJ 07931
Good Earth Coffee
35 Us Highway 202, Far Hills, NJ 07931
IL Monello
89 Main St, Peapack, NJ 07977 (0.6 miles away)
Gladstone Market
279 Main St, Gladstone, NJ 07934 (1.8 miles away)
Lumi Zi Restaurant
252 Somerville Rd, Bedminster, NJ 07921 (3 miles away)
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