Housing data for Towaco, NJ
Towaco, NJ has an estimated 5,612 residents and 2,052 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Morris County.
7.0% of households rent.
The median gross rent is $1,950 a month.
Figures last updated on .
- Residents
- 5,612 (±625)
- Housing units
- 2,052 (±374)
- Households that rent
- 7.0%
- Median gross rent
- $1,950
What stands out in Towaco
Households that rent: 7.0% (±3.6 points) in Towaco, lower than in Morris County (25.7%).
Homes in buildings of 5 or more units: 3.1% (±2.6 points) in Towaco, lower than in Morris County (19.2%).
Homes heated by fuel oil: 23.9% (±7.8 points) in Towaco, higher than in Morris County (13.9%).
Median household income: $205,636 (±$67,452) in Towaco, higher than in Morris County ($137,326).
Housing in Towaco at a glance
- Median rent: $1,950 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 62.9% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 7.0% of households rent (Small sample: wide margin of error)
- Income and affordability: $205,636 median household income
- Home values: $701,300 median home value
- Homeowner costs: $3,929 median monthly cost with a mortgage
- Property taxes: $10,000 or more median real estate taxes a year
- Types of homes: 3.1% of homes are in buildings of 5 or more units
- Bedrooms: 90.3% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 60.7% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 57.7% heat with utility gas
- Commute and cars: 35.7 minutes average trip to work
- How long people stay: 13.1% moved in since 2020 (Small sample: wide margin of error)
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Towaco against Morris County, its state and the nation
| Towaco | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Residents | 5,612 (±625) | 514,528 (exact) | 9,343,809 (exact) | 334,922,499 |
| Housing units | 2,052 (±374) | 199,506 (±100) | 3,791,354 (±469) | 143,775,355 |
| Households that rent | 7.0% (±3.6 points) | 25.7% (±0.8 points) | 36.2% (±0.2 points) | 34.8% |
| Median gross rent | $1,950 (±$1,929) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
| Median household income | $205,636 (±$67,452) | $137,326 (±$2,991) | $103,556 (±$513) | $80,734 |
| Median home value | $701,300 (±$43,143) | $582,500 (±$5,640) | $454,400 (±$1,150) | $332,700 |
| Median real estate taxes (a year) | $10,000 or more | $10,000 or more | $9,590 (±$25) | $3,119 |
| Built before 1980 | 60.7% (±17.9 points) | 62.4% (±1.4 points) | 62.8% (±0.3 points) | 49.7% |
| Average commute | 35.7 minutes (±4.8) | 29.8 minutes (±0.4) | 30.5 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 98.1% (±2.0 points) | 95.2% (±0.4 points) | 92.8% (±0.1 points) | 91.0% |
| Median age of residents | 47.0 years (±6.9) | 42.6 years (±0.2) | 40.1 years (±0.1) | 38.9 years |
Towaco covers 6.0 square miles of land, about 936 residents per square mile (Census Bureau Gazetteer).
Crime reported to police in Morris County
Towaco has no police department of its own in the FBI’s figures, so this is the figure for Morris County as a whole.
In 2024, the police departments that report for Morris County recorded 48 violent and 643 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Towaco
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 07082 | 98% | 5,723 | $1,950 | $702,900 | $205,023 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Towaco
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Lincoln Park Borough | 2.0 mi | $1,857 | $443,300 | 20.8% |
| Pequannock Township | 3.1 mi | $2,753 | $553,200 | 17.0% |
| Pompton Plains | 3.4 mi | $3,129 | $539,000 | 18.8% |
| Fairfield Township (Essex County) | 3.7 mi | $2,656 | $688,500 | 21.3% |
| Boonton Town | 3.7 mi | $1,849 | $495,400 | 37.9% |
| Lake Hiawatha | 3.8 mi | $1,550 | $428,600 | 41.5% |
| Pine Brook | 3.9 mi | $2,366 | $767,200 | 35.3% |
| Boonton Township | 4.3 mi | $1,870 | $720,800 | 4.9% |
Places in New Jersey most like Towaco
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Martinsville | $2,171 | $720,400 | $205,000 | 4.0% |
| Kinnelon Borough | $2,282 | $706,400 | $187,438 | 6.9% |
| Berkeley Heights Township | $2,203 | $789,400 | $204,658 | 6.7% |
| Washington Township (Morris County) | $1,701 | $592,600 | $165,651 | 9.3% |
| Woodcliff Lake Borough | $1,888 | $946,400 | $213,981 | 13.7% |
| Sparta Township | $1,864 | $484,200 | $167,963 | 12.6% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across New Jersey.
HUD Fair Market Rent for Towaco, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,637 | $1,850 | $2,233 | $2,785 | $3,188 |
HUD income limits for Towaco, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $29,050 | $48,450 | $74,800 |
| 2 people | $33,200 | $55,400 | $85,450 |
| 3 people | $37,350 | $62,300 | $96,150 |
| 4 people | $41,500 | $69,200 | $106,800 |
| 5 people | $44,850 | $74,750 | $115,350 |
| 6 people | $48,150 | $80,300 | $123,900 |
| 7 people | $51,500 | $85,850 | $132,450 |
| 8 people | $55,720 | $91,350 | $141,000 |
These are the limits HUD sets for its housing programs in the Newark, NJ HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $138,400.
A program can use its own limits; tax-credit and local programs often do.
Towaco is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Montville Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Towaco
What is the median household income in Towaco?
The median household income in Towaco is $205,636 (±$67,452) a year (2020–2024 American Community Survey).
What is the average home value in Towaco, NJ?
The Census Bureau publishes the median: $701,300 (±$43,143) for owner-occupied homes in Towaco (2020–2024 American Community Survey).
What is the average mortgage payment in Towaco?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Towaco, NJ is $3,929 (±$315) a month, including taxes, insurance and utilities.
How much are property taxes in Towaco?
The median real estate tax paid by homeowners in Towaco, NJ is $10,000 or more a year (2020–2024 American Community Survey).
How many homes are in Towaco?
Towaco, NJ has an estimated 2,052 (±374) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Towaco?
60.7% of homes in Towaco, NJ were built before 1980 (2020–2024 American Community Survey).
What ZIP codes are in Towaco?
The ZIP code that covers Towaco is 07082.
What is the median rent in ZIP code 07082?
The median gross rent in ZIP Code Tabulation Area 07082 is $1,950 (±$1,929) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Towaco CDP, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Towaco CDP, New Jersey
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Towaco CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Towaco CDP, New Jersey
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Towaco CDP, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Towaco CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Towaco CDP, New Jersey
- HUD Fair Market Rents, fiscal year 2027: Newark, NJ HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Newark, NJ HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Towaco CDP, New Jersey (place:73170, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .