ZIP Code 07731: Population, Income, Housing

State: NJ
Total population: 40,322 Household income: $134,056 Rent: $2,570

Overview

Total population
40,322
Rent
$2,570
Year built
1984
Household income
$134,056
Per capita income
$50,266
Poverty rate
8.1%
Unemployment rate
N/A
Household size
3.0 persons
Rent over 30% of income
58.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State
New Jersey
County
Monmouth County
Town
Howell Township
Total population
40,322
Adults over 25
27,099
Total households
13,657
Household size
3.0 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Income & Poverty

Household income
$134,056
Per capita income
$50,266
Poverty rate
8.1%
Unemployment rate
N/A
Rent over 30% of income
58.1%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Housing

Rent
$2,570
Year built
1984
Households that rent
11.7%
Households that own
88.3%
Rooms per home (all homes)
6.9

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Race

White
73.3%
Black
4.5%
Asian
3.2%
Two or more races
11%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Ethnicity

Hispanic or Latino
17.6%
Not Hispanic or Latino
82.4%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Commute

Commute rate
17,133 (82.5%)
Commute time to work
32 mins
Work from home
3,643 (17.5%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Education

Less than high school
21.1%
High school graduate or GED
26.8%
Some college or associate degree
8%
Bachelor’s degree or higher
44%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

 

Comparison of ZIP Code 07731 with: Monmouth County, NJ New York metro area, NY-NJ New Jersey United States

ZIP 07731

Total population40,322
Rent$2,570
Year built1984
Household income$134,056
Per capita income$50,266
Poverty rate8.1%
Unemployment rateN/A

Monmouth County, NJ

Total population645,353
Rent$1,827
Year built1975
Household income$124,845
Per capita income$66,696
Poverty rate6.5%
Unemployment rate3.8%

New York Metro Area, NY-NJ

Total population19,798,537
Rent$1,830
Year built1960
Household income$99,155
Per capita income$55,691
Poverty rate12.7%
Unemployment rate4.5%

New Jersey State

Total population9,343,809
Rent$1,720
Year built1970
Household income$103,556
Per capita income$54,253
Poverty rate9.7%
Unemployment rate4.5%

United States

Total population334,922,499
Rent$1,413
Year built1980
Household income$80,734
Per capita income$44,673
Poverty rate12.5%
Unemployment rate4%
Metric ZIP07731 CountyMonmouth, NJMetro AreaNew York metro area, NY-NJStateNew JerseyCountryUnited States
Total population40,322645,35319,798,5379,343,809334,922,499
Rent$2,570$1,827$1,830$1,720$1,413
Year built19841975196019701980
Household income$134,056$124,845$99,155$103,556$80,734
Per capita income$50,266$66,696$55,691$54,253$44,673
Poverty rate8.1%6.5%12.7%9.7%12.5%
Unemployment rateN/A3.8%4.5%4.5%4%

View the full multi-level comparison →

 

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Summary for 07731

Rent & Income

In 07731, the typical monthly rent is $2,570 and the typical household income is $134,056. Rent here is higher than New Jersey, and household income is higher than New Jersey. The estimated poverty rate is 8.1%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 11.7% of households. About 58.1% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 44% of adults holding a bachelor’s degree or higher.

 

ZIP 07731 — Rent vs Household Income

 

 

ZIP 07731 — Poverty

 

 

How ZIP 07731 compares in New Jersey (94 ZIP Codes)

Metric This ZIP Rank Starts from State range
Rent $2,570 91 / 94 from lower rent $1,102 – $3,093
Household income $134,056 17 / 94 from higher income $41,126 – $232,629
Poverty rate 8.1% 40 / 94 from lower poverty 1.8% – 32%

Rankings are calculated among ZIP Codes in New Jersey with total population > 30,000 (year 2024).

 

Detailed Ranking Explanation for ZIP Code 07731

Rent

In terms of rental prices, this ZIP stands 91st out of 94 ZIP Codes in New Jersey. Across New Jersey, figures vary from $1,102 in ZIP 08618 up to $3,093 in ZIP 07302.

Household income

When comparing household incomes, ZIP Code 07731 stands 17th out of 94 ZIP Codes. Throughout New Jersey, numbers span from $41,126 in ZIP 08401 up to $232,629 in ZIP 07090.

Poverty rate

Looking at poverty indicators, this ZIP stands 40th out of 94 ZIP Codes. At the state level, values extend from 1.8% in ZIP 07090 up to 32% in ZIP 08401.

 

💰 Rent in ZIP Code 07731 (with Utilities)

Estimated Monthly Rent: $2,570 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 07731

Annual Household Income: $134,056

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 07731

Estimated Rate: 8.1%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 07731

In ZIP Code 07731, households that rent: 1,594 (11.7%)

📊 What does the renter household percentage reveal about this ZIP Code?
Household Type Count Share
Renter-Occupied 1,594 11.7%
Owner-Occupied 12,063 88.3%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 07731

In ZIP Code 07731, cost-burdened renters (households spending over 30% of income on housing): 926 (58.1%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?
Household Group Households Share
Cost-burdened renters (over 30%) 926 58.1%
Other renter households 668 41.9%
Total renter households 1,594 100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 07731

Less than High School: 5,728 people (21.1%)

Includes adults who did not complete high school.

High School Graduate or GED: 7,270 people (26.8%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 2,176 people (8%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 11,925 people (44%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 27,099

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

 

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.