Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.88 – 07931, Far Hills, NJ

Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.88 – 07931, Far Hills, NJ


Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.88 – 07931, Far Hills, NJ

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Estimated zip code population in 2011: 3,326
Zip code population in 2010: 3,296
Zip code population in 2000: 2,766

Zip code 07931 (Far Hills, New Jersey) real estate house value trends

Houses and condos: 1,126
Renter-occupied apartments: 145

% of renters here: 14%
State: 35%

Mar. 2012 cost of living index in zip code 07931: 127.4 (high, U.S. average is 100)

Land area: 20.6 sq. mi.
Water area: 0.2 sq. mi.

Population density: 161 people per square mile
 (very low).

Real estate property taxes paid for housing units in 2011:

This zip code: 1.0% ($10,001)
New Jersey: 2.2% ($7,042)

Median real estate property taxes paid for housing units with mortgages in 2011: $10,001 (1.0%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $10,001 (1.0%)

Zip code 07931 compared to state average:

  • Median household income significantly above state average.
  • Median house value significantly above state average.
  • Unemployed percentage significantly below state average.
  • Black race population percentage significantly below state average.
  • Median age above state average.
  • Renting percentage significantly below state average.
  • Length of stay since moving in below state average.
  • Number of rooms per house significantly above state average.
  • Percentage of population with a bachelor’s degree or higher above state average.

Notable locations in this zip code not listed on our city pages:

Notable locations in zip code 07931: Far Hills Station (A), Camp Saint John (B), Middle Valley Farm (C), Far Hills – Bedminster Fire Department Station 1 (D), Liberty Corner Fire Company (E)Display/hide their locations on the map

Church in zip code 07931: Saint Elizabeth’s Catholic Church (A)Display/hide its location on the map

Reservoir: Ravine Lake (A)Display/hide its location on the map

Streams, rivers, and creeks: Peapack Brook (A)Display/hide its location on the map

Park in zip code 07931: Leonard J Buck Gardens (1)Display/hide its location on the map

Estimated household income distribution in 2009:

Zip code 07931 household income distribution in 2009

 

Zip code 07931 house/condo values in 2011

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 07931:

  • $60,000 to $69,999: 3
  • $80,000 to $89,999: 5
  • $100,000 to $124,999: 3
  • $150,000 to $174,999: 5
  • $200,000 to $249,999: 6
  • $250,000 to $299,999: 19
  • $300,000 to $399,999: 49
  • $400,000 to $499,999: 30
  • $500,000 to $749,999: 104
  • $750,000 to $999,999: 169
  • $1,000,000 or more: 506

 

07931 rent paid by renters

Rent paid by renters in 2011 in zip code 07931:

  • $400 to $449: 14
  • $600 to $649: 4
  • $700 to $749: 10
  • $800 to $899: 3
  • $1,000 to $1,249: 6
  • $1,250 to $1,499: 22
  • $1,500 to $1,999: 11
  • $2,000 or more: 31
  • No cash rent: 44

 

Household type by relationship:

Households: 3,261

  • In family households: 2,936 (573 male householders, 234 female householders)

    735 spouses, 1,092 children (1,044 natural, 31 adopted, 18 stepchildren), 0 grandchildren, 71 brothers or sisters, 148 parents, 45 other relatives, 38 non-relatives

  • In nonfamily households: 325 (104 male householders (67 living alone)), 133 female householders (120 living alone)), 88 nonrelatives
  • In group quarters: 65 (35 institutionalized population)

Size of family households: 259 2-persons, 181 3-persons, 146 4-persons, 166 5-persons, 43 6-persons, 12 7-or-more-persons

Size of nonfamily households: 187 1-person, 29 2-persons, 21 3-persons

810 married couples with children.
34 single-parent households (4 men, 30 women).

77.5% of residents of 07931 zip code speak English at home.
12.1% of residents speak Spanish at home (61% very well, 18% well, 8% not well, 13% not at all).
8.2% of residents speak other Indo-European language at home (58% very well, 14% well, 18% not well, 11% not at all).
0.5% of residents speak Asian or Pacific Island language at home (81% very well, 19% well).
1.7% of residents speak other language at home (80% very well, 9% well, 11% not well).

Foreign born population: 504 (15.2%)
(46.0% of them are naturalized citizens)

This zip code: 15.2%
Whole state: 21.5%

Races in zip code 07931:

White population: 2,859
Black population: 104
American Indian population: 1
Asian population: 97
Native Hawaiian and Other Pacific Islander population: 1
Some other race population: 3
Two or more races population: 31
Hispanic or Latino population: 200

07931, Far Hills, NJ

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Home: 159 Pennbrook Rd
List Price: $5.3 Million
Listed With: Turpin Real Estate