Interested in purchasing investment houses in the 07940 zip code in Madison, NJ?
The zip code 07940 is in Morris county with a latitude of -74.417970000000 and longitude of 40.759810000000, is in the state of New Jersey. The average asking price of houses and condos is $838,262.00 and the average sale price was $647,077.00. this regions is classified as the New York City metro area and consists of the following area codes: 862 and 973. The location in degrees is 40° 45' 35.316" N, 74° 25' 4.692" W. The county F.I.P.S. is 34027. This zip code contains two cities including Madison, NJ (90.29%), and Florham Park, NJ (8.68%) The total land area is 4.7 square miles and the water area is 0.0 square miles. The elevation in this area is 223 - 289 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 07940 is in county number 027 and is L. Sector 01, L. Segment 21, H. Sector 89, and H. Segment 89. The population was 17,714 in 2019 and 17,278 in 2010. Of this, the break down in 2019 was 17,705 urban and 8 rural. This further breaks down to 8,532 males (48.2%) and 9,181 females (51.8%). The median age of residents is 37.9 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 3,808. This zip code has a combined total of 5,891 houses and condos. There are 1,834 rented appartments. 32% of residents rent versus the 32% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $178,108 and the average salary is $151,746. The median household income of individuals is $109,789.00 and the average is $208,800.00. This zip code has a mean commute time to work of 31.3 minutes. The unemployment rate is 3.5%. Income earners by percent breakdown as 20.40% (Under $50,000), 25.00% ($50,000-$100,000), and 54.70% earn over $100,000. 4.7% of residents live below poverty line versus the 9.2% in the state that are below this line. The cost of living index is 117.6. The educational breakdown is 97.3% have a high school education or higher, 69.1% have a bachelor's degree or higher, and 33.4% have some kind of profesional degree.
This area has 5,514 households and the average size is 2.7 people. Individuals who are single and have never been married are 38.9%, 47.8% are now married, 0.9% are separated, 5.0% are widowed, and 7.4% are divorced. The average yearly contribution amount given by people to charity was $6,722 versus the state average of $3,451. The percent of residents who gave to charity was 48.5%.
The estimated median value of houses and condos is $800,561. The median monthly owner costs of mortgage holders was $3,686, where as the costs for those who don't have a mortgage are $1,345. The median number of rooms in houses and condos are 8.1 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.3% 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 1.3% 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 1.4% which amounted to an average tax amount of $10,476. Reported taxable interest for persons was $2,990, dividends $12,839, capital gains +$29,738, and itemized deductions $53,639. The average earned income tax credit is $1,763. The percent of individuals that use a tax preparer is 62.9%. The total average income taxes paid by individuals was $31,750. Businesses reported an average profit of $28,123.
Dish & Saucery
222 Main St, Madison, NJ 07940
Il Mondo Vecchio
72 Main St Apt 1, Madison, NJ 07940
Rocco's Pizzeria & Restaurant
30 Cook Plz, Madison, NJ 07940
Italian Village
300 Main St, Madison, NJ 07940
L'Allegria
11 Prospect St, Madison, NJ 07940
L'Allegria
11 Prospect St, Madison, NJ 07940
Benissimo Ristorante
4 Park Ave, Madison, NJ 07940
Il Goccino
33 Main St, Madison, NJ 07940
Baba's Bakery & Cafe
39 Kings Rd, Madison, NJ 07940
Eatalian Bistro
90 Park Ave, Madison, NJ 07940
Nahm Thai & French Cuisine
41 Main St, Madison, NJ 07940
Palm Thai
75 Main St, Madison, NJ 07940
Takuma Japanese Restaurant
42 Lincoln Pl, Madison, NJ 07940
Blue Wazabi
20 Waverly Pl, Madison, NJ 07940
Daddy Matty's BBQ & Catering
6 Elmer St, Madison, NJ 07940
54 Main Bar and Grille
54 Main St, Madison, NJ 07940
La Rosa Chicken & Grill
306 Main St, Madison, NJ 07940
Slamwich Scratch Kitchen
143 Main St, Madison, NJ 07940
Harvest Bistro
50 Main St, Madison, NJ 07940
Central + Main American Eatery
3 Central Ave, Madison, NJ 07940
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