What is the population of Fanwood borough?

Fanwood borough has 7,714 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #213 of 700 in New Jersey.

What is the median household income in Fanwood borough?

Median household income in Fanwood borough is $176,667 a year, 124.9% above the national figure of $78,538.

How much does it cost to rent or buy in Fanwood borough?

Median gross rent is $2,368 a month and the median home value is $610,600, so rent absorbs about 16.1% of median household income.

Is Fanwood borough affordable compared with the rest of the US?

Homes cost about 3.5× the local median income here versus roughly 3.9× nationally, so Fanwood borough is more affordable to buy in than the typical US market, and rent takes 16.1% of median income against the 30% cost-burden line.

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New Jersey · Census place 22860

Fanwood, NJ population, income and ZIP codes

Quick answer

The population of the city of Fanwood, New Jersey (Fanwood, NJ — Census place “Fanwood borough”) is 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. Looking for the Fanwood New Jersey ZIP code list? 1 ZIP codes serve Fanwood, NJ: 07023.

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

Fanwood ZIP codes (New Jersey)

Census ZCTAs whose delivery area overlaps Fanwood.

The Fanwood NJ ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

07023

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

Fanwood borough, NJ in context

How this area compares with national benchmarks.

Fanwood borough is a mid-size town in New Jersey, with 7,714 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #213 of 700 ranked by population — larger than 69% of them. The median age here is 42.4 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Fanwood borough earn a median of $176,667 a year, 124.9% above the national figure of $78,538 and 65% above the $106,926 median for the 543 New Jersey cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 1.4% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Fanwood borough is valued at $610,600, 101.3% above the national figure and 48% above the $412,500 peer median, while median gross rent runs $2,368 a month, 68.4% above the national figure, or roughly $28,416 across a full year. A household on the local median income would put about 16.1% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 86.5% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

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Frequently asked questions

Common questions about this area.

What is the population of Fanwood borough?: Fanwood borough has 7,714 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #213 of 700 in New Jersey.
What is the median household income in Fanwood borough?: Median household income in Fanwood borough is $176,667 a year, 124.9% above the national figure of $78,538.
How much does it cost to rent or buy in Fanwood borough?: Median gross rent is $2,368 a month and the median home value is $610,600, so rent absorbs about 16.1% of median household income.
Is Fanwood borough affordable compared with the rest of the US?: Homes cost about 3.5× the local median income here versus roughly 3.9× nationally, so Fanwood borough is more affordable to buy in than the typical US market, and rent takes 16.1% of median income against the 30% cost-burden line.
How current is this Fanwood borough data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.