Whippany, NJ · standard
ZIP Code 07981
Morris County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 8,865
- 509/sq mi High-density area
- $149,893
- Median income Above-median income area
- $614,100
- Median home value Above-median home value
- 55.4%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Whippany pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.
- Top 4%
- household income, US ZIPs
- Top 9%
- home value, US ZIPs
- 509
- people per sq mi
- 87%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 07981 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 07981 (Whippany, NJ) rose +7.1% from 2023 to 2024. The all-transactions index moved from 216.8 in 2023 to 232.1 in 2024 (2000 = 100).
ZIP code 07981 is a mid-sized community (a standard USPS delivery area) in Whippany, Morris County, New Jersey, home to 8,865 residents across 17.4 square miles, a density of 509 people per square mile, in the New York time zone.
ZIP 07981 skews affluent, with a median household income of $149,893 (23% above the average New Jersey ZIP), while per-capita income is $75,777. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.8% and unemployment is 3.6%. Housing is both higher-cost and owner-heavy: median home value is $614,100 (19% above the average New Jersey ZIP), while 87.4% of occupied homes are owner-occupied and median rent is $2,556.
This is a highly-educated ZIP: 55.4% of adults hold a bachelor's degree or higher, the median age is 49.7, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Morris County, so 07981 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 07981
Top 5 sectors by establishment count in Whippany, NJ
Which industries have the most business establishments in ZIP 07981.
- Professional, scientific, and technical services
Professional, scientific, and technical services
50 establishments
- Construction
Construction
41 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
38 establishments
- Health care and social assistance
Health care and social assistance
34 establishments
- Retail trade
Retail trade
32 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 07981, Whippany, 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
8,865
Population
17.4
Area (sq mi)
509
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 07981?
49.7
Median Age
48.8%
Male
51.2%
Female
20.3%
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?
$149,893
Median Household Income
+23% vs state ZIP avg
$75,777
Per Capita Income
3.8%
Poverty Rate
3.6%
Unemployment Rate
25.1 min
Mean Commute Time
How ZIP 07981 ranks among New Jersey ZIPs
Whippany, 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)
$149,893 Top 24% higher than 76% 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
3,782housing units
3,782
Total Housing Units
3,738
Occupied Units
44
Vacant Units
2.38
Avg Household Size
Occupancy Type
$614,100
Median Home Value
+19% vs state ZIP avg
$2,556
Median Rent
1974
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
+7.1%
YoY Change (2024)
232
HPI Index (2000 = 100)
+132%
Total Change Since 2000
Home values in ZIP 07981 have increased 7.1% over the past year (2024). Since 2000, this ZIP has seen +132% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -0.1% | 173 |
| 2021 | +5.1% | 182 |
| 2022 | +11.5% | 203 |
| 2023 | +6.7% | 217 |
| 2024 | +7.1% | 232 |
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 393 business establishments in ZIP 07981, employing approximately 14,188 people with a combined annual payroll of $2,274,711,000.
393
Businesses
14,188
Employees
$2.3B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 50 | 12.7% |
| Construction | 41 | 10.4% |
| Administrative and support and waste management and remediation services | 38 | 9.7% |
| Health care and social assistance | 34 | 8.7% |
| Retail trade | 32 | 8.1% |
| Wholesale trade | 30 | 7.6% |
| Accommodation and food services | 30 | 7.6% |
| Other services (except public administration) | 29 | 7.4% |
| Real estate and rental and leasing | 20 | 5.1% |
| Transportation and warehousing | 19 | 4.8% |
| Finance and insurance | 18 | 4.6% |
| Manufacturing | 16 | 4.1% |
| Arts, entertainment, and recreation | 12 | 3.0% |
| Educational services | 9 | 2.3% |
| Management of companies and enterprises | 8 | 2.0% |
| Information | 5 | 1.3% |
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 07981 vs 07927 →
ZIP 07981 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
- 07950
Morris Plains (07950)
19,564 residents
- 07928
Chatham (07928)
19,144 residents
- 07940
Madison (07940)
17,278 residents
- 07936 11,157
East Hanover (07936)
11,157 residents
- 07932 9,868
Florham Park (07932)
9,868 residents
- 07034 9,360
Lake Hiawatha (07034)
9,360 residents
- 07981 8,865
Whippany (07981)
8,865 residents
- 07046 4,194
Mountain Lakes (07046)
4,194 residents
What this shows Among its immediate neighbors, ZIP 07981 ranks #8 by population - useful context the national average alone can't give.
ZIP 07981 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
- 07928
Chatham (07928)
$220,982 median income
- 07940
Madison (07940)
$172,708 median income
- 07927
Cedar Knolls (07927)
$170,400 median income
- 07932
Florham Park (07932)
$156,458 median income
- 07950
Morris Plains (07950)
$153,762 median income
- 07981
Whippany (07981)
$149,893 median income
- 07936
East Hanover (07936)
$149,583 median income
- 07034
Lake Hiawatha (07034)
$104,663 median income
What this shows By household income, ZIP 07981 ranks #7 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 07927 | Cedar Knolls, NJ | 3,403 | 1.8 mi |
| 07054 | Parsippany, NJ | 29,305 | 2.5 mi |
| 07961 | Convent Station, NJ | 4 | 3.0 mi |
| 07936 | East Hanover, NJ | 11,157 | 2.9 mi |
| 07940 | Madison, NJ | 17,278 | 4.3 mi |
| 07932 | Florham Park, NJ | 9,868 | 3.4 mi |
| 07950 | Morris Plains, NJ | 19,564 | 3.7 mi |
| 07046 | Mountain Lakes, NJ | 4,194 | 4.9 mi |
| 07034 | Lake Hiawatha, NJ | 9,360 | 4.5 mi |
| 07928 | Chatham, NJ | 19,144 | 6.6 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 07981, 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 (8,865 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 07981 in?
ZIP code 07981 (Whippany) 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 07981?
ZIP code 07981 in Whippany, NJ has a population of 8,865 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 07981?
The median household income in ZIP 07981 is $149,893, which is 96% above the national average of $76,288.
What is the average home value in ZIP 07981?
The median home value in ZIP 07981 is $614,100, which is 121% above the national average of $278,155.
What is the demographic makeup of ZIP 07981?
The largest racial group in ZIP 07981 is White at 69.3%. Hispanic or Latino residents make up 10.9% of the population.
How many businesses are in ZIP code 07981?
ZIP code 07981 has 393 business establishments employing approximately 14,188 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 07981?
The top industries by establishment count in ZIP 07981 are: Professional, scientific, and technical services (50), Construction (41), Administrative and support and waste management and remediation services (38). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 07981?
According to the FHFA House Price Index, home values in ZIP 07981 increased by 7.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 132%. 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 07981?
In ZIP code 07981, 78.9% of residents aged 25+ have a high school diploma or higher, and 55.4% 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 07981?
The mean commute time for workers in ZIP code 07981 is 25.1 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 07981?
In ZIP code 07981, approximately 87.4% of occupied housing units are owner-occupied and 12.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 07981?
The poverty rate in ZIP code 07981 is 3.8% 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 07981's numbers, next.
- See how ZIP 07981 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Whippany, 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.