Boonton, NJ · standard
ZIP Code 07005
Morris County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 15,269
- 314/sq mi High-density area
- $132,629
- Median income Above-median income area
- $587,100
- Median home value Above-median home value
- 57.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Boonton pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.
- Top 6%
- household income, US ZIPs
- Top 10%
- home value, US ZIPs
- 314
- people per sq mi
- 75%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07005 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 07005 (Boonton, NJ) rose +9.4% from 2023 to 2024. The all-transactions index moved from 214.4 in 2023 to 234.4 in 2024 (2000 = 100).
ZIP code 07005 is a mid-sized community (a standard USPS delivery area) in Boonton, Morris County, New Jersey, home to 15,269 residents across 48.7 square miles, a density of 314 people per square mile, in the New York time zone.
ZIP 07005 skews affluent, with a median household income of $132,629 (9% above the average New Jersey ZIP), while per-capita income is $65,082. The poverty rate is 5.5%, with unemployment at 6.1%; those measures add context to the income figure. Median home value is $587,100 (14% above the average New Jersey ZIP) and median rent is $1,869; 74.8% of occupied homes are owner-occupied.
This is a highly-educated ZIP: 57.1% of adults hold a bachelor's degree or higher, the median age is 41.5, and the average commute is 24 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Morris County, so 07005 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 07005
Top 5 sectors by establishment count in Boonton, NJ
Which industries have the most business establishments in ZIP 07005.
- Professional, scientific, and technical services
Professional, scientific, and technical services
74 establishments
- Construction
Construction
62 establishments
- Other services (except public administration)
Other services (except public administration)
60 establishments
- Retail trade
Retail trade
43 establishments
- Accommodation and food services
Accommodation and food services
41 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 07005, Boonton, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
15,269
Population
48.7
Area (sq mi)
314
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07005?
41.5
Median Age
52.6%
Male
47.4%
Female
14.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$132,629
Median Household Income
+9% vs state ZIP avg
$65,082
Per Capita Income
5.5%
Poverty Rate
6.1%
Unemployment Rate
24.4 min
Mean Commute Time
How ZIP 07005 ranks among New Jersey ZIPs
Boonton, NJ household income vs. every New Jersey ZIP code
Median household income among 565 reporting New Jersey ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$132,629 Top 32% higher than 68% of 565 New Jersey ZIPs
Each bar is a $20K-wide band; taller bars hold more New Jersey ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
6,148housing units
6,148
Total Housing Units
5,801
Occupied Units
347
Vacant Units
2.59
Avg Household Size
Occupancy Type
$587,100
Median Home Value
+14% vs state ZIP avg
$1,869
Median Rent
1960
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+9.4%
YoY Change (2024)
234
HPI Index (2000 = 100)
+134%
Total Change Since 2000
Home values in ZIP 07005 have increased 9.4% over the past year (2024). Since 2000, this ZIP has seen +134% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.1% | 164 |
| 2021 | +8.1% | 177 |
| 2022 | +10.3% | 196 |
| 2023 | +9.6% | 214 |
| 2024 | +9.4% | 234 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 470 business establishments in ZIP 07005, employing approximately 4,141 people with a combined annual payroll of $260,361,000.
470
Businesses
4,141
Employees
$260.4M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 74 | 15.7% |
| Construction | 62 | 13.2% |
| Other services (except public administration) | 60 | 12.8% |
| Retail trade | 43 | 9.2% |
| Accommodation and food services | 41 | 8.7% |
| Administrative and support and waste management and remediation services | 37 | 7.9% |
| Wholesale trade | 36 | 7.7% |
| Manufacturing | 24 | 5.1% |
| Health care and social assistance | 22 | 4.7% |
| Finance and insurance | 15 | 3.2% |
| Transportation and warehousing | 14 | 3.0% |
| Real estate and rental and leasing | 13 | 2.8% |
| Information | 10 | 2.1% |
| Educational services | 8 | 1.7% |
| Arts, entertainment, and recreation | 5 | 1.1% |
| Management of companies and enterprises | 3 | 0.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 07005 vs 07046 →
ZIP 07005 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07054
Parsippany (07054)
29,305 residents
- 07866
Rockaway (07866)
22,098 residents
- 07834
Denville (07834)
17,722 residents
- 07405
Butler (07405)
17,701 residents
- 07005
Boonton (07005)
15,269 residents
- 07045 10,127
Montville (07045)
10,127 residents
- 07034 9,360
Lake Hiawatha (07034)
9,360 residents
- 07981 8,865
Whippany (07981)
8,865 residents
- 07082 5,384
Towaco (07082)
5,384 residents
What this shows Among its immediate neighbors, ZIP 07005 ranks #5 by population - useful context the national average alone can't give.
ZIP 07005 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07046
Mountain Lakes (07046)
$250,000 median income
- 07082
Towaco (07082)
$205,023 median income
- 07045
Montville (07045)
$185,078 median income
- 07834
Denville (07834)
$156,902 median income
- 07981
Whippany (07981)
$149,893 median income
- 07405
Butler (07405)
$135,169 median income
- 07005
Boonton (07005)
$132,629 median income
- 07866
Rockaway (07866)
$131,403 median income
- 07034
Lake Hiawatha (07034)
$104,663 median income
What this shows By household income, ZIP 07005 ranks #7 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 07046 | Mountain Lakes, NJ | 4,194 | 2.9 mi |
| 07045 | Montville, NJ | 10,127 | 3.1 mi |
| 07082 | Towaco, NJ | 5,384 | 4.0 mi |
| 07034 | Lake Hiawatha, NJ | 9,360 | 4.1 mi |
| 07054 | Parsippany, NJ | 29,305 | 5.2 mi |
| 07866 | Rockaway, NJ | 22,098 | 4.0 mi |
| 07405 | Butler, NJ | 17,701 | 4.4 mi |
| 07842 | Hibernia, NJ | 130 | 4.7 mi |
| 07834 | Denville, NJ | 17,722 | 4.4 mi |
| 07981 | Whippany, NJ | 8,865 | 7.4 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 07005, both outside NJ so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (15,269 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Morris County
Related Areas
Frequently Asked Questions
What county is ZIP code 07005 in?
ZIP code 07005 (Boonton) is located in Morris County, New Jersey. Morris County contains multiple ZIP codes, see the full list at /counties/morris-nj.
What is the population of ZIP code 07005?
ZIP code 07005 in Boonton, NJ has a population of 15,269 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07005?
The median household income in ZIP 07005 is $132,629, which is 74% above the national average of $76,288.
What is the average home value in ZIP 07005?
The median home value in ZIP 07005 is $587,100, which is 111% above the national average of $278,155.
What is the demographic makeup of ZIP 07005?
The largest racial group in ZIP 07005 is White at 75.6%. Hispanic or Latino residents make up 11.6% of the population.
How many businesses are in ZIP code 07005?
ZIP code 07005 has 470 business establishments employing approximately 4,141 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07005?
The top industries by establishment count in ZIP 07005 are: Professional, scientific, and technical services (74), Construction (62), Other services (except public administration) (60). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 07005?
According to the FHFA House Price Index, home values in ZIP 07005 increased by 9.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 134%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 07005?
In ZIP code 07005, 77.2% of residents aged 25+ have a high school diploma or higher, and 57.1% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 07005?
The mean commute time for workers in ZIP code 07005 is 24.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 07005?
In ZIP code 07005, approximately 74.8% of occupied housing units are owner-occupied and 25.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07005?
The poverty rate in ZIP code 07005 is 5.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 07005's numbers, next.
- See how ZIP 07005 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Boonton, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.