PlainZIP

Fanwood, NJ · standard

ZIP Code 07023

Union County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

7,318
2,109/sq mi
$195,529
Median income
$635,200
Median home value
73.0%
Bachelor's or higher

The verdict

Fanwood pairs a top-decile household income with top-decile home values, in a suburban-density, homeowner-dominated area.

Top 1%
household income, US ZIPs
Top 8%
home value, US ZIPs
2,109
people per sq mi
85%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07023 against every reporting US ZIP.

ZIP code 07023 is a mid-sized community (a standard USPS delivery area) in Fanwood, Union County, New Jersey, home to 7,318 residents across 3.5 square miles, a density of 2,109 people per square mile, in the New York time zone.

ZIP 07023 skews affluent, with a median household income of $195,529 (60% above the New Jersey average), while per-capita income is $72,810. Poverty here runs at 1.0%, with unemployment measured at 2.7%. The typical home here is valued at $635,200 (23% above the state average); renters pay a median of $2,446 monthly, and 84.9% of units are owner-occupied.

This is a highly-educated ZIP: 73.0% of adults hold a bachelor's degree or higher, the median age is 43.4, and the average commute is 42 minutes. A geography-based comparison follows: 10 ZIP codes within about 10 miles of 07023, plus 6 more within Union County, give a clearer read than the national average alone.

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 07023

Top 5 sectors by establishment count in Fanwood, NJ

Which industries have the most business establishments in ZIP 07023.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 07023, Fanwood, 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

7,318

Population

3.5

Area (sq mi)

2,109

People / sq mi

New York

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 07023?

43.4

Median Age

48.4%

Male

51.6%

Female

16.0%

Foreign-Born

White 73.6%
African American 4.5%
Asian 6.9%
American Indian or Alaska Native 0.5%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 13.5%
Hispanic or Latino 11.2%

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?

$195,529

Median Household Income

+60% vs state

$72,810

Per Capita Income

1.0%

Poverty Rate

2.7%

Unemployment Rate

41.6 min

Mean Commute Time

How ZIP 07023 ranks nationally

Fanwood, NJ household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$195,529 Top 1% higher than 99% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). Below this entry. $160,000–$180,000: 364 US ZIPs (1%). Below this entry. $180,000–$200,000: 186 US ZIPs (1%). This entry sits in this band. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US 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?

High School Graduate or Higher 82.8%
Bachelor's Degree or Higher 73.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

2,898

Total Housing Units

2,835

Occupied Units

63

Vacant Units

2.74

Avg Household Size

Occupancy Type

Owner 84.9%
Renter 15.1%

$635,200

Median Home Value

+23% vs state

$2,446

Median Rent

1954

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

+13.7%

YoY Change (2024)

283

HPI Index (2000 = 100)

+183%

Total Change Since 2000

Home values in ZIP 07023 have increased 13.7% over the past year (2024). Since 2000, this ZIP has seen +183% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.4% 192
2021 +7.3% 206
2022 +11.3% 229
2023 +8.6% 249
2024 +13.7% 283

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 181 business establishments in ZIP 07023, employing approximately 2,664 people with a combined annual payroll of $101,992,000.

181

Businesses

2,664

Employees

$102.0M

Annual Payroll

13

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 39 21.6%
Other services (except public administration) 29 16.0%
Professional, scientific, and technical services 23 12.7%
Retail trade 16 8.8%
Administrative and support and waste management and remediation services 16 8.8%
Accommodation and food services 14 7.7%
Construction 11 6.1%
Finance and insurance 9 5.0%
Real estate and rental and leasing 7 3.9%
Transportation and warehousing 4 2.2%
Educational services 4 2.2%
Arts, entertainment, and recreation 4 2.2%
Wholesale trade 3 1.7%

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 07023 vs 07076 →

ZIP 07023 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 07023 ranks #8 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 07023 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 07023 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
07076 Scotch Plains, NJ 23,480 0.9 mi
07062 Plainfield, NJ 12,949 1.2 mi
07090 Westfield, NJ 30,338 2.3 mi
07069 Watchung, NJ 6,157 2.8 mi
07060 Plainfield, NJ 44,998 2.6 mi
07092 Mountainside, NJ 6,730 3.0 mi
07027 Garwood, NJ 4,226 3.3 mi
07974 New Providence, NJ 11,768 3.9 mi
07922 Berkeley Heights, NJ 12,246 3.2 mi
08820 Edison, NJ 39,590 4.6 mi

More ZIP Codes in Union County

07083 standard
Union, NJ
Pop: 53,053
07060 standard
Plainfield, NJ
Pop: 44,998
07036 standard
Linden, NJ
Pop: 41,970
07202 standard
Elizabeth, NJ
Pop: 40,849
07208 standard
Elizabeth, NJ
Pop: 31,219
07090 standard
Westfield, NJ
Pop: 30,338

Related Areas

Union County Fanwood, NJ New Jersey

Frequently Asked Questions

What county is ZIP code 07023 in? ▼
ZIP code 07023 (Fanwood) is located in Union County, New Jersey. Union County contains multiple ZIP codes, see the full list at /counties/union-nj.
What is the population of ZIP code 07023? ▼
ZIP code 07023 in Fanwood, NJ has a population of 7,318 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07023? ▼
The median household income in ZIP 07023 is $195,529, which is 156% above the national average of $76,288.
What is the average home value in ZIP 07023? ▼
The median home value in ZIP 07023 is $635,200, which is 128% above the national average of $278,155.
What is the demographic makeup of ZIP 07023? ▼
The largest racial group in ZIP 07023 is White at 73.6%. Hispanic or Latino residents make up 11.2% of the population.
How many businesses are in ZIP code 07023? ▼
ZIP code 07023 has 181 business establishments employing approximately 2,664 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07023? ▼
The top industries by establishment count in ZIP 07023 are: Health care and social assistance (39), Other services (except public administration) (29), Professional, scientific, and technical services (23). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 07023? ▼
According to the FHFA House Price Index, home values in ZIP 07023 increased by 13.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 183%. 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 07023? ▼
In ZIP code 07023, 82.8% of residents aged 25+ have a high school diploma or higher, and 73.0% 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 07023? ▼
The mean commute time for workers in ZIP code 07023 is 41.6 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 07023? ▼
In ZIP code 07023, approximately 84.9% of occupied housing units are owner-occupied and 15.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07023? ▼
The poverty rate in ZIP code 07023 is 1.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.