ZIP Code 08701

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Source:

Lakewood · Ocean County · New Jersey

Population
92,843

1,456/sq mi

Median income
$64,959

▼ 15% vs US

higher than 38% of US ZIPs

Median home value
$466,100

▲ 68% vs US

higher than 85% of US ZIPs

Bachelor's or higher
33.8%

Median age 18.2

Land area
63.7 sq mi

New York

ZIP code 08701 in Lakewood, New Jersey has a population of 92,843. The median household income is $64,959, which is 15% below the national average. Median home value is $466,100, 68% above the US average. 33.8% of residents hold a bachelor's degree or higher.

ZIP code 08701 is classified by USPS as a standard delivery area and covers roughly 63.7 square miles in Lakewood, Ocean County, New Jersey. The area is home to 92,843 residents, producing a population density of 1,456 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 08701 against New Jersey and the nation.

On the economic side, the median household income for ZIP 08701 sits at $64,959 (47% below the New Jersey average), while per-capita income is $23,089. The poverty rate stands at 24.8% and the unemployment rate at 5.8%. On housing, the median home value is $466,100 (10% below the state average) with median rent at $1,774 per month, and 51.5% of occupied units are owner-occupied, a direct signal of whether 08701 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 33.8% of adults hold a bachelor's degree or higher, the median age is 18.2, and the average commute is 24 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Ocean County, so you can benchmark 08701 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 08701

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 08701.

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 08701, Lakewood, 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

92,843

Population

63.7

Area (sq mi)

1,456

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 08701?

18.2

Median Age

50.4%

Male

49.6%

Female

8.6%

Foreign-Born

White 85.3%
African American 1.7%
Asian 0.6%
American Indian or Alaska Native 0.9%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 5.1%
Hispanic or Latino 10.9%

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?

$64,959

Median Household Income

-47% vs state

$23,089

Per Capita Income

24.8%

Poverty Rate

5.8%

Unemployment Rate

24.3 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 64.8%
Bachelor's Degree or Higher 33.8%

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

What does housing look like?

33,874

Total Housing Units

31,469

Occupied Units

2,405

Vacant Units

4.36

Avg Household Size

Occupancy Type

Owner 51.5%
Renter 48.5%

$466,100

Median Home Value

-10% vs state

$1,774

Median Rent

1994

Median Year Built

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

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

-0.9%

YoY Change (2024)

491

HPI Index (2000 = 100)

+391%

Total Change Since 2000

Home values in ZIP 08701 have decreased 0.9% over the past year (2024). Since 2000, this ZIP has seen +391% cumulative appreciation.

Year Annual Change HPI Index
2020 +0.6% 289
2021 +10.1% 318
2022 +24.2% 395
2023 +25.4% 495
2024 -0.9% 491

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 4,031 business establishments in ZIP 08701, employing approximately 58,640 people with a combined annual payroll of $3,220,490,000.

4,031

Businesses

58,640

Employees

$3.2B

Annual Payroll

18

Industry Sectors

Industry Establishments % of Total
Real estate and rental and leasing 560 13.9%
Retail trade 521 12.9%
Health care and social assistance 491 12.2%
Professional, scientific, and technical services 471 11.7%
Other services (except public administration) 362 9.0%
Construction 345 8.6%
Wholesale trade 270 6.7%
Administrative and support and waste management and remediation services 230 5.7%
Finance and insurance 173 4.3%
Educational services 170 4.2%
Accommodation and food services 133 3.3%
Manufacturing 124 3.1%
Transportation and warehousing 82 2.0%
Information 37 0.9%
Arts, entertainment, and recreation 25 0.6%
Management of companies and enterprises 19 0.5%
Industries not classified 9 0.2%
Utilities 6 0.1%

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 08701 vs 07731 →

ZIP Code City Population Distance
07731 Howell, NJ 38,304 5.1 mi
08755 Toms River, NJ 25,302 4.8 mi
08724 Brick, NJ 42,352 4.8 mi
08723 Brick, NJ 31,641 5.5 mi
08753 Toms River, NJ 63,678 7.2 mi
08742 Point Pleasant Beach, NJ 24,405 7.5 mi
08722 Beachwood, NJ 11,045 10.2 mi
08720 Allenwood, NJ 843 6.9 mi
07727 Farmingdale, NJ 7,050 8.7 mi
08730 Brielle, NJ 4,774 7.6 mi

More ZIP Codes in Ocean County

Frequently Asked Questions

What county is ZIP code 08701 in?
ZIP code 08701 (Lakewood) is located in Ocean County, New Jersey. Ocean County contains multiple ZIP codes, see the full list at /counties/ocean-nj.
What is the population of ZIP code 08701?
ZIP code 08701 in Lakewood, NJ has a population of 92,843 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 08701?
The median household income in ZIP 08701 is $64,959, which is 15% below the national average of $76,288.
What is the average home value in ZIP 08701?
The median home value in ZIP 08701 is $466,100, which is 68% above the national average of $278,155.
What is the demographic makeup of ZIP 08701?
The largest racial group in ZIP 08701 is White at 85.3%. Hispanic or Latino residents make up 10.9% of the population.
How many businesses are in ZIP code 08701?
ZIP code 08701 has 4,031 business establishments employing approximately 58,640 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 08701?
The top industries by establishment count in ZIP 08701 are: Real estate and rental and leasing (560), Retail trade (521), Health care and social assistance (491). There are 18 industry sectors represented in total.
How have home values changed in ZIP code 08701?
According to the FHFA House Price Index, home values in ZIP 08701 decreased by 0.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 391%. 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 08701?
In ZIP code 08701, 64.8% of residents aged 25+ have a high school diploma or higher, and 33.8% 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 08701?
The mean commute time for workers in ZIP code 08701 is 24.3 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 08701?
In ZIP code 08701, approximately 51.5% of occupied housing units are owner-occupied and 48.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 08701?
The poverty rate in ZIP code 08701 is 24.8% 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 Lakewood, 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.

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