Zip Code
07940
City
Madison, NJ
Population & Migration
What is the forecasted population for Zip code 07940 Madison, NJ?
- Population census 2020
- 17,794
- Forecasted population 2025
- 18,502
- 4% vs. 2020
- Forecasted population 2030
- 18,255
- 2.6% vs. 2020
Zip code 07940 Madison, NJ population is forecasted to decrease 4% by 2025 (-0.7 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 18,502 people for 2025 zip code 07940 Madison, NJ will generate a good demand for housing, which is expected to have a deficit of 156 houses for 2030. Vacancy rate is 7.2 points below national US average.
- Total homes available 2020
- 6,009
- Estimated total home demand in 2030
- 6,165
- Total homes balance inventory
- 156
Average Household Income in zip code 07940 Madison, NJ
from Internal Revenue Service
- Average household income in 2021
- $224,617
Affordability
- Affordability Index
- 4
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 07940 Madison, NJ?
County total number of drinking water violations
1965
+705%
244
County total number of drinking water contaminations
53
+121%
24
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