Milford, NJ · standard
ZIP Code 08848
Hunterdon County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 8,435
- 98/sq mi Moderate-density area
- $138,614
- Median income Above-median income area
- $440,200
- Median home value Above-median home value
- 44.7%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Milford pairs a top-decile household income with upper-quartile home values, in a rural, homeowner-dominated area.
- Top 5%
- household income, US ZIPs
- Top 17%
- home value, US ZIPs
- 98
- people per sq mi
- 91%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 08848 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 08848 (Milford, NJ) rose +7.3% from 2023 to 2024. The all-transactions index moved from 189.9 in 2023 to 203.8 in 2024 (2000 = 100).
ZIP code 08848 is a mid-sized community (a standard USPS delivery area) in Milford, Hunterdon County, New Jersey, home to 8,435 residents across 86.4 square miles, a density of 98 people per square mile, in the New York time zone.
ZIP 08848 skews affluent, with a median household income of $138,614 (14% above the average New Jersey ZIP), while per-capita income is $54,529. The poverty rate is 4.9%, with unemployment at 8.0%; those measures add context to the income figure. Median home value is $440,200 (15% below the average New Jersey ZIP) and median rent is $1,484; 91.4% of occupied homes are owner-occupied.
A solid share of residents have a four-year degree: 44.7% of adults hold a bachelor's degree or higher, the median age is 42, and the average commute is 35 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hunterdon County, so 08848 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 08848
Top 5 sectors by establishment count in Milford, NJ
Which industries have the most business establishments in ZIP 08848.
- Other services (except public administration)
Other services (except public administration)
25 establishments
- Construction
Construction
24 establishments
- Retail trade
Retail trade
14 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
14 establishments
- Accommodation and food services
Accommodation and food services
14 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 08848, Milford, 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
8,435
Population
86.4
Area (sq mi)
98
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 08848?
42.0
Median Age
47.1%
Male
52.9%
Female
4.2%
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?
$138,614
Median Household Income
+14% vs state ZIP avg
$54,529
Per Capita Income
4.9%
Poverty Rate
8.0%
Unemployment Rate
35.3 min
Mean Commute Time
How ZIP 08848 ranks among New Jersey ZIPs
Milford, 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)
$138,614 Top 29% higher than 71% 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
2,969housing units
2,969
Total Housing Units
2,909
Occupied Units
60
Vacant Units
2.79
Avg Household Size
Occupancy Type
$440,200
Median Home Value
-15% vs state ZIP avg
$1,484
Median Rent
1973
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
+7.3%
YoY Change (2024)
204
HPI Index (2000 = 100)
+104%
Total Change Since 2000
Home values in ZIP 08848 have increased 7.3% over the past year (2024). Since 2000, this ZIP has seen +104% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.8% | 133 |
| 2021 | +11.3% | 149 |
| 2022 | +6.8% | 159 |
| 2023 | +19.6% | 190 |
| 2024 | +7.3% | 204 |
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 144 business establishments in ZIP 08848, employing approximately 816 people with a combined annual payroll of $45,506,000.
144
Businesses
816
Employees
$45.5M
Annual Payroll
13
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 25 | 17.4% |
| Construction | 24 | 16.7% |
| Retail trade | 14 | 9.7% |
| Professional, scientific, and technical services | 14 | 9.7% |
| Accommodation and food services | 14 | 9.7% |
| Wholesale trade | 9 | 6.3% |
| Administrative and support and waste management and remediation services | 9 | 6.3% |
| Health care and social assistance | 8 | 5.6% |
| Information | 6 | 4.2% |
| Manufacturing | 5 | 3.5% |
| Finance and insurance | 4 | 2.8% |
| Real estate and rental and leasing | 4 | 2.8% |
| Arts, entertainment, and recreation | 3 | 2.1% |
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 08848 vs 08804 →
ZIP 08848 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 08865
Phillipsburg (08865)
29,840 residents
- 08848 8,435
Milford (08848)
8,435 residents
- 08886 7,077
Stewartsville (08886)
7,077 residents
- 08867 5,042
Pittstown (08867)
5,042 residents
- 08825 4,707
Frenchtown (08825)
4,707 residents
- 08802 4,067
Asbury (08802)
4,067 residents
- 18972 3,512
Upper Black Eddy (18972)
3,512 residents
- 08804 2,771
Bloomsbury (08804)
2,771 residents
- 18077 2,370
Riegelsville (18077)
2,370 residents
What this shows Among its immediate neighbors, ZIP 08848 ranks #2 by population - useful context the national average alone can't give.
ZIP 08848 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 08867
Pittstown (08867)
$204,583 median income
- 08886
Stewartsville (08886)
$161,168 median income
- 18920
Erwinna (18920)
$152,813 median income
- 08848
Milford (08848)
$138,614 median income
- 08802
Asbury (08802)
$135,689 median income
- 08804
Bloomsbury (08804)
$107,333 median income
- 08825
Frenchtown (08825)
$101,774 median income
- 18077
Riegelsville (18077)
$97,917 median income
- 18972 $80,208
Upper Black Eddy (18972)
$80,208 median income
What this shows By household income, ZIP 08848 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 08804 | Bloomsbury, NJ | 2,771 | 3.5 mi |
| 18972 | Upper Black Eddy, PA | 3,512 | 4.4 mi |
| 08886 | Stewartsville, NJ | 7,077 | 6.8 mi |
| 18920 | Erwinna, PA | 361 | 6.8 mi |
| 08867 | Pittstown, NJ | 5,042 | 7.0 mi |
| 08825 | Frenchtown, NJ | 4,707 | 6.8 mi |
| 08802 | Asbury, NJ | 4,067 | 6.8 mi |
| 08865 | Phillipsburg, NJ | 29,840 | 8.3 mi |
| 18077 | Riegelsville, PA | 2,370 | 8.0 mi |
| 08808 | Broadway, NJ | 86 | 9.8 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 08848, 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 (8,435 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Hunterdon County
Related Areas
Frequently Asked Questions
What county is ZIP code 08848 in?
ZIP code 08848 (Milford) is located in Hunterdon County, New Jersey. Hunterdon County contains multiple ZIP codes, see the full list at /counties/hunterdon-nj.
What is the population of ZIP code 08848?
ZIP code 08848 in Milford, NJ has a population of 8,435 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 08848?
The median household income in ZIP 08848 is $138,614, which is 82% above the national average of $76,288.
What is the average home value in ZIP 08848?
The median home value in ZIP 08848 is $440,200, which is 58% above the national average of $278,155.
What is the demographic makeup of ZIP 08848?
The largest racial group in ZIP 08848 is White at 90.8%. Hispanic or Latino residents make up 6.2% of the population.
How many businesses are in ZIP code 08848?
ZIP code 08848 has 144 business establishments employing approximately 816 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 08848?
The top industries by establishment count in ZIP 08848 are: Other services (except public administration) (25), Construction (24), Retail trade (14). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 08848?
According to the FHFA House Price Index, home values in ZIP 08848 increased by 7.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 104%. 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 08848?
In ZIP code 08848, 68.7% of residents aged 25+ have a high school diploma or higher, and 44.7% 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 08848?
The mean commute time for workers in ZIP code 08848 is 35.3 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 08848?
In ZIP code 08848, approximately 91.4% of occupied housing units are owner-occupied and 8.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 08848?
The poverty rate in ZIP code 08848 is 4.9% 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 08848's numbers, next.
- See how ZIP 08848 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Milford, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.