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ZipNumbers

New Jersey · Census place 22860

Fanwood borough, NJ

Quick answer

Fanwood borough has 7,714 residents, ranking #213 of 700 places in New Jersey. Median household income is $176,667, the median home is worth $610,600 and median gross rent runs $2,368 a month.

Population
7,714Fanwood borough residents
Median household income
$176,667Past 12 months, inflation adjusted
Median home value
$610,600Owner-occupied units
Median gross rent
$2,368Rent plus utilities, monthly
Median age
42.4 yrsAll residents
Homeownership rate
86.5%Owner-occupied households

What the numbers mean in Fanwood borough

Housing cost measured against local earnings.

A household earning the Fanwood borough median would spend about 16.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 1.4% of residents and 86.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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