Zip Code
07054
City
Parsippany, NJ
Population & Migration
What is the forecasted population for Zip code 07054 Parsippany, NJ?
- Population census 2020
- 28,943
- Forecasted population 2025
- 30,981
- 7% vs. 2020
- Forecasted population 2030
- 31,184
- 7.7% vs. 2020
Zip code 07054 Parsippany, NJ population is forecasted to grow 7% by 2025 (2.3 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 30,981 people for 2025 zip code 07054 Parsippany, NJ will generate a good demand for housing, which is expected to have a deficit of 899 houses for 2030. Vacancy rate is 7.2 points below national US average.
- Total homes available 2020
- 11,613
- Estimated total home demand in 2030
- 12,512
- Total homes balance inventory
- 899
Average Household Income in zip code 07054 Parsippany, NJ
from Internal Revenue Service
- Average household income in 2021
- $130,383
Affordability
- Affordability Index
- 5
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 07054 Parsippany, 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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