ZIP Code 08848

standard

Source:

Milford · Hunterdon County · New Jersey

Population
8,435

98/sq mi

Median income
$138,614

▲ 82% vs US

higher than 95% of US ZIPs

Median home value
$440,200

▲ 58% vs US

higher than 83% of US ZIPs

Bachelor's or higher
44.7%

Median age 42

Land area
86.4 sq mi

New York

ZIP code 08848 in Milford, New Jersey has a population of 8,435. The median household income is $138,614, which is 82% above the national average. Median home value is $440,200, 58% above the US average. 44.7% of residents hold a bachelor's degree or higher.

ZIP code 08848 is classified by USPS as a standard delivery area and covers roughly 86.4 square miles in Milford, Hunterdon County, New Jersey. The area is home to 8,435 residents, producing a population density of 98 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 08848 against New Jersey and the nation.

On the economic side, the median household income for ZIP 08848 sits at $138,614 (14% above the New Jersey average), while per-capita income is $54,529. The poverty rate stands at 4.9% and the unemployment rate at 8.0%. On housing, the median home value is $440,200 (15% below the state average) with median rent at $1,484 per month, and 91.4% of occupied units are owner-occupied, a direct signal of whether 08848 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 44.7% of adults hold a bachelor's degree or higher, the median age is 42, and the average commute is 35 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hunterdon County, so you can benchmark 08848 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 08848

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 08848.

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 08848, Milford, 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

8,435

Population

86.4

Area (sq mi)

98

People / sq mi

New York

Time Zone

standard

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 08848?

42.0

Median Age

47.1%

Male

52.9%

Female

4.2%

Foreign-Born

White 90.8%
African American 1.1%
Asian 0.2%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.7%
Hispanic or Latino 6.2%

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

$54,529

Per Capita Income

4.9%

Poverty Rate

8.0%

Unemployment Rate

35.3 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 68.7%
Bachelor's Degree or Higher 44.7%

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

What does housing look like?

2,969

Total Housing Units

2,909

Occupied Units

60

Vacant Units

2.79

Avg Household Size

Occupancy Type

Owner 91.4%
Renter 8.6%

$440,200

Median Home Value

-15% vs state

$1,484

Median Rent

1973

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

+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 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

More ZIP Codes in Hunterdon County

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.

ZIP Code Research Guides

Official Data Resources for Milford, 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.