ZIP Code 07005
standardSource:
Boonton · Morris County · New Jersey
- Population
- 15,269
- Median income
- $132,629
- Median home value
- $587,100
- Bachelor's or higher
- 57.1%
- Land area
- 48.7 sq mi
314/sq mi
▲ 74% vs US
higher than 94% of US ZIPs
▲ 111% vs US
higher than 90% of US ZIPs
Median age 41.5
New York
ZIP code 07005 in Boonton, New Jersey has a population of 15,269. The median household income is $132,629, which is 74% above the national average. Median home value is $587,100, 111% above the US average. 57.1% of residents hold a bachelor's degree or higher.
ZIP code 07005 is classified by USPS as a standard delivery area and covers roughly 48.7 square miles in Boonton, Morris County, New Jersey. The area is home to 15,269 residents, producing a population density of 314 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 07005 against New Jersey and the nation.
On the economic side, the median household income for ZIP 07005 sits at $132,629 (9% above the New Jersey average), while per-capita income is $65,082. The poverty rate stands at 5.5% and the unemployment rate at 6.1%. On housing, the median home value is $587,100 (14% above the state average) with median rent at $1,869 per month, and 74.8% of occupied units are owner-occupied, a direct signal of whether 07005 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 57.1% of adults hold a bachelor's degree or higher, the median age is 41.5, and the average commute is 24 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Morris County, so you can benchmark 07005 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 07005
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$65,082
Per Capita Income
5.5%
Poverty Rate
6.1%
Unemployment Rate
24.4 min
Mean Commute Time
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?
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
$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 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 |
More ZIP Codes in Morris County
Related Areas
Frequently Asked Questions
What county is ZIP code 07005 in? ▼
What is the population of ZIP code 07005? ▼
What is the median household income in ZIP 07005? ▼
What is the average home value in ZIP 07005? ▼
What is the demographic makeup of ZIP 07005? ▼
How many businesses are in ZIP code 07005? ▼
What are the main industries in ZIP code 07005? ▼
How have home values changed in ZIP code 07005? ▼
What is the education level in ZIP code 07005? ▼
What is the average commute time in ZIP 07005? ▼
What percentage of residents own vs. rent in ZIP 07005? ▼
What is the poverty rate in ZIP code 07005? ▼
ZIP Code Research Guides
Official Data Resources for Boonton, NJ
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.