ZIP Code 07931

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Source:

Far Hills · Somerset County · New Jersey

Population
3,296

61/sq mi

Median income
$201,078

▲ 164% vs US

higher than 99% of US ZIPs

Median home value
$1,165,700

▲ 319% vs US

higher than 98% of US ZIPs

Bachelor's or higher
69.7%

Median age 47.7

Land area
53.7 sq mi

New York

ZIP code 07931 in Far Hills, New Jersey has a population of 3,296. The median household income is $201,078, which is 164% above the national average. Median home value is $1,165,700, 319% above the US average. 69.7% of residents hold a bachelor's degree or higher.

ZIP code 07931 is classified by USPS as a standard delivery area and covers roughly 53.7 square miles in Far Hills, Somerset County, New Jersey. The area is home to 3,296 residents, producing a population density of 61 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 07931 against New Jersey and the nation.

On the economic side, the median household income for ZIP 07931 sits at $201,078 (65% above the New Jersey average), while per-capita income is $132,464. The poverty rate stands at 4.1% and the unemployment rate at 6.5%. On housing, the median home value is $1,165,700 (126% above the state average) with median rent at $3,501 per month, and 82.9% of occupied units are owner-occupied, a direct signal of whether 07931 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 69.7% of adults hold a bachelor's degree or higher, the median age is 47.7, and the average commute is 37 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Somerset County, so you can benchmark 07931 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 07931

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 07931.

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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 07931, Far Hills, 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

3,296

Population

53.7

Area (sq mi)

61

People / sq mi

New York

Time Zone

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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 07931?

47.7

Median Age

47.5%

Male

52.5%

Female

14.6%

Foreign-Born

White 88.9%
African American 1.4%
Asian 4.9%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.4%
Hispanic or Latino 5.1%

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?

$201,078

Median Household Income

+65% vs state

$132,464

Per Capita Income

4.1%

Poverty Rate

6.5%

Unemployment Rate

36.8 min

Mean Commute Time

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

What is the education profile here?

High School Graduate or Higher 81.2%
Bachelor's Degree or Higher 69.7%

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

What does housing look like?

1,360

Total Housing Units

1,191

Occupied Units

169

Vacant Units

2.48

Avg Household Size

Occupancy Type

Owner 82.9%
Renter 17.1%

$1,165,700

Median Home Value

+126% vs state

$3,501

Median Rent

1984

Median Year Built

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

What businesses operate in this ZIP?

Census Bureau data shows 95 business establishments in ZIP 07931, employing approximately 668 people with a combined annual payroll of $46,235,000.

95

Businesses

668

Employees

$46.2M

Annual Payroll

12

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 22 23.2%
Administrative and support and waste management and remediation services 12 12.6%
Retail trade 9 9.5%
Real estate and rental and leasing 9 9.5%
Construction 8 8.4%
Other services (except public administration) 7 7.4%
Agriculture, forestry, fishing and hunting 5 5.3%
Health care and social assistance 5 5.3%
Accommodation and food services 5 5.3%
Wholesale trade 4 4.2%
Finance and insurance 4 4.2%
Educational services 3 3.2%

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 07931 vs 07977 →

ZIP Code City Population Distance
07977 Peapack, NJ 669 0.6 mi
07934 Gladstone, NJ 1,501 1.5 mi
07921 Bedminster, NJ 7,621 3.9 mi
07924 Bernardsville, NJ 7,534 3.5 mi
07979 Pottersville, NJ 589 4.0 mi
07930 Chester, NJ 8,559 5.2 mi
08858 Oldwick, NJ 144 4.9 mi
07920 Basking Ridge, NJ 26,747 5.2 mi
07945 Mendham, NJ 9,539 5.7 mi
07939 Lyons, NJ 228 5.9 mi

More ZIP Codes in Somerset County

Frequently Asked Questions

What county is ZIP code 07931 in?
ZIP code 07931 (Far Hills) is located in Somerset County, New Jersey. Somerset County contains multiple ZIP codes, see the full list at /counties/somerset-nj.
What is the population of ZIP code 07931?
ZIP code 07931 in Far Hills, NJ has a population of 3,296 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07931?
The median household income in ZIP 07931 is $201,078, which is 164% above the national average of $76,288.
What is the average home value in ZIP 07931?
The median home value in ZIP 07931 is $1,165,700, which is 319% above the national average of $278,155.
What is the demographic makeup of ZIP 07931?
The largest racial group in ZIP 07931 is White at 88.9%. Hispanic or Latino residents make up 5.1% of the population.
How many businesses are in ZIP code 07931?
ZIP code 07931 has 95 business establishments employing approximately 668 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07931?
The top industries by establishment count in ZIP 07931 are: Professional, scientific, and technical services (22), Administrative and support and waste management and remediation services (12), Retail trade (9). There are 12 industry sectors represented in total.
What is the education level in ZIP code 07931?
In ZIP code 07931, 81.2% of residents aged 25+ have a high school diploma or higher, and 69.7% 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 07931?
The mean commute time for workers in ZIP code 07931 is 36.8 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 07931?
In ZIP code 07931, approximately 82.9% of occupied housing units are owner-occupied and 17.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07931?
The poverty rate in ZIP code 07931 is 4.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Far Hills, 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.