New Jersey · Place GEOID 3480390

Wharton borough

ACS 5-year 2024 estimates · population 7,318 · 3,059 housing units

Median household income

$85,767

State $104,663

Median home value

$380,700

State $467,052

Median gross rent

$1,720

State $1,721

Homeownership rate

59.0%

State 63.8%

Renter cost-burden rate

55.4%

≥30% of income

Owner cost-burden rate

34.0%

≥30% of income

Homeowner vacancy

0.0%

Of owner-occupied + for-sale units

Rental vacancy

0.0%

Of renter-occupied + for-rent units

Overall vacancy

0.0%

All housing units

Price-to-income ratio

4.44

Affordable: 2.0–3.0

Section 1

Community Profile

Population, demographics, household composition, and income.

Community Data Summary

	Wharton borough	New Jersey
Population	7,318	9,343,809
Population density (per sq. mi.)	3,519.96	—
Median household income	$85,767	$104,663
HUD Area Median Income (4-person, 100%)	—	—
Households	3,059	—
Average household size	2.39 people	—
Owner-occupied	59.0%	63.8%
Renter-occupied	41.0%	36.2%
Race	48.5% White · 0.7% Black	0.0% White · 0.0% Black

Source: ACS 5-year 2024 (Tables DP05, S1101, DP04, S1901) and Census Gazetteer (land area); HUD FY2026 Income Limits.

Racial composition

Wharton borough compared with New Jersey.

Source: ACS 5-year 2024, Table DP05.

Educational attainment (population 25+)

28.8% hold a bachelor's degree or higher (state: 43.6%).

Source: ACS 5-year 2024, Table S1501.

Median Household Income by Tenure

Owner-occupied vs. renter-occupied household income, county and state.

Source: ACS 5-year 2024, Table B25119.

Median Household Income by Age of Householder

Median household income by age group of householder.

Source: ACS 5-year 2024, Table B19049.

Median Household Income by Number of Earners

Median household income for families with each earner count.

Source: ACS 5-year 2024, Table S1903.

Household Size

Distribution of households by number of people.

Source: ACS 5-year 2024, Table S2501.

Income by Number of Earners

Earners	Share	Median income	Attainable monthly housing cost	Attainable home
0 earners	15.7%	—	—	—
1 earner	26.2%	$44,568	$1,114	$134,878
2 earners	41.1%	$153,690	$3,842	$541,067
3+ earners	17.0%	$185,395	$4,635	$659,084

Attainable monthly housing cost = 30% of gross income ÷ 12. Attainable home price assumes 30% housing budget, 30-yr mortgage at 7%, 5% down.

Source: ACS 5-year 2024, Table S1903; affordability formula derived.

Households

3,059

Average size: 2.39 people

Households with children

637

20.8% of households

Per-capita income

$42,614

Poverty rate: 10.0%

Section 2

Residential Market Analysis

Housing stock characteristics — tenure, type, age, size, vacancy, rents.

Tenure

59.0% owner-occupied vs. state average 63.8%.

Source: ACS 5-year 2024, Table DP04.

Structure type

Single-family share 67.4% · Missing middle (2–19 units) 19.0%.

Source: ACS 5-year 2024, Table B25024.

Housing stock by decade

72.1% built before 1980 · Median structure age 1,965.00 yrs.

Source: ACS 5-year 2024, Table S2504.

Housing size mismatch

Compares the share of housing units by bedroom count against the share of households by size — a common diagnostic of housing supply/demand alignment.

Source: ACS 5-year 2024, Tables B25041 (bedrooms) and S2501 (household size).

Home value distribution

Owner-occupied homes by value bracket. Median: $380,700.

Source: ACS 5-year 2024, Table DP04.

Monthly Housing Costs

Distribution of monthly housing costs across all occupied units.

Source: ACS 5-year 2024, Table B25104.

Number of Bedrooms

Housing units by number of bedrooms.

Source: ACS 5-year 2024, Table B25041.

Median rent by bedroom

Overall median gross rent: $1,720.

Source: ACS 5-year 2024, Table B25031.

Renters by age

Number of renter householders by age bracket.

Source: ACS 5-year 2024, Table S2502.

Owners by age

Number of owner householders by age bracket.

Source: ACS 5-year 2024, Table S2502.

Section 3

Workforce Housing Needs Assessment

Affordability, cost burden, and the housing options for households in the workforce income range.

Workforce range — ACS median household income

80% MHI$68,614

100% MHI$85,767

120% MHI$102,920

Place-level median from ACS 5-year estimates. A household at 100% MHI in Wharton borough should be able to afford a home up to roughly — (30% housing budget, default mortgage terms).

Workforce range — HUD Area Median Income

HUD AMI data not available for this place's parent county.

Affordability calculator

Follows the standard 30%-of-gross-income affordability rule.

Income basis Household income Interest rate % Down payment % Taxes & insurance / yr

Affordable monthly—

Affordable home price—

Renter cost burden

55.4% of renter households spend ≥30% of income on rent (20.2% spend ≥50%).

Source: ACS 5-year 2024, Table B25070.

Owner cost burden by income

34.0% of homeowners spend ≥30% of income on housing. Bars show counts of cost-burdened owners by income bracket.

Source: ACS 5-year 2024, Table B25106.

Household income — owners vs renters

Distribution of household income for owner-occupied (navy) and renter-occupied (gold) households.

Source: ACS 5-year 2024, Table B25118.

Methodology & sources

All figures derive from the 2024 American Community Survey 5-year estimates pulled directly from the Census Data API at the place geography level. State and national comparisons are population-weighted aggregates of county-level estimates (an approximation; ACS publishes its own state and national medians which can differ slightly).

HUD Area Median Income figures are inherited from the parent county (HUD publishes Income Limits at county/MSA level). BLS industry (QCEW) and occupation wage (OEWS) sections from the county profiles are not shown on place pages because those datasets are not published at sub-county geography — see the parent county profile for that context.

The affordability calculator uses a 30% housing-budget rule with a 30-year mortgage. Defaults are 7% interest, 5% down, $2,500/year taxes and insurance, and 0.5% PMI — adjustable above.

Place GEOID: 3480390 · Parent county FIPS: —.