Far Hills, NJ · standard
ZIP Code 07931
Somerset County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 3,296
- 61/sq mi Moderate-density area
- $201,078
- Median income Above-median income area
- $1,165,700
- Median home value Above-median home value
- 69.7%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Far Hills pairs a top-decile household income with top-decile home values, in a rural, homeowner-dominated area.
- Top 1%
- household income, US ZIPs
- Top 2%
- home value, US ZIPs
- 61
- people per sq mi
- 83%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07931 against every reporting US ZIP.
ZIP code 07931 covers 53.7 square miles in Far Hills, Somerset County, New Jersey (a standard USPS delivery area), with a modest 3,296 residents on file, a density of 61 people per square mile, in the New York time zone.
ZIP 07931 skews affluent, with a median household income of $201,078 (65% above the average New Jersey ZIP), while per-capita income is $132,464. The poverty rate is 4.1%, with unemployment at 6.5%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $1,165,700 (126% above the average New Jersey ZIP), while 82.9% of occupied homes are owner-occupied and median rent is $3,501.
This is a highly-educated ZIP: 69.7% of adults hold a bachelor's degree or higher, the median age is 47.7, and the average commute is 37 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Somerset County, so 07931 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 07931
Top 5 sectors by establishment count in Far Hills, NJ
Which industries have the most business establishments in ZIP 07931.
- Professional, scientific, and technical services
Professional, scientific, and technical services
22 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
12 establishments
- Retail trade
Retail trade
9 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
9 establishments
- Construction 8
Construction
8 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 07931, Far Hills, 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
3,296
Population
53.7
Area (sq mi)
61
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07931?
47.7
Median Age
47.5%
Male
52.5%
Female
14.6%
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?
$201,078
Median Household Income
+65% vs state ZIP avg
$132,464
Per Capita Income
4.1%
Poverty Rate
6.5%
Unemployment Rate
36.8 min
Mean Commute Time
How ZIP 07931 ranks among New Jersey ZIPs
Far Hills, 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)
$201,078 Top 9% higher than 91% 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
1,360housing units
1,360
Total Housing Units
1,191
Occupied Units
169
Vacant Units
2.48
Avg Household Size
Occupancy Type
$1,165,700
Median Home Value
+126% vs state ZIP avg
$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 07931 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07920
Basking Ridge (07920)
26,747 residents
- 07945 9,539
Mendham (07945)
9,539 residents
- 07930 8,559
Chester (07930)
8,559 residents
- 07921 7,621
Bedminster (07921)
7,621 residents
- 07924 7,534
Bernardsville (07924)
7,534 residents
- 07931 3,296
Far Hills (07931)
3,296 residents
- 07934 1,501
Gladstone (07934)
1,501 residents
- 07977 669
Peapack (07977)
669 residents
- 07979 589
Pottersville (07979)
589 residents
What this shows Among its immediate neighbors, ZIP 07931 ranks #6 by population - useful context the national average alone can't give.
ZIP 07931 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 07945
Mendham (07945)
$250,000 median income
- 07934
Gladstone (07934)
$245,429 median income
- 07930
Chester (07930)
$240,954 median income
- 07924
Bernardsville (07924)
$236,042 median income
- 07931
Far Hills (07931)
$201,078 median income
- 07920
Basking Ridge (07920)
$192,857 median income
- 07977
Peapack (07977)
$150,875 median income
- 07921
Bedminster (07921)
$123,104 median income
What this shows By household income, ZIP 07931 ranks #5 of 8 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 07931, 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 (3,296 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Somerset County
Related Areas
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.
Related
Take this with you
What to do with ZIP 07931's numbers, next.
- See how ZIP 07931 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Far Hills, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.