07920, Basking Ridge, NJ

The 7920 zip code of Basking Ridge, NJ has a median home value of $1,039,000 and a median home equity of $246,500. This is a relatively high home value and equity for the zip code. The majority of homes in the zip code are owned by either homeowners or investors. There is a moderate amount of renter-occupied housing in the zip code as well.

There is a significant concentration of wealth in the 7920 zip code. The median household income in the zip code is $191,000, which is significantly higher than the national median household income of $59,000. This high income level reflects both the high home values and equity in this area, as well as the large number of affluent households who own homes here.

The average commute time to work in the 7920 zip code is 26 minutes. This is shorter than the national average commute time of 29 minutes. Despite being short on average, many residents here have long commutes due to their high incomes.