ZIP code 07940: Madison, NJ
07940 is a ZIP code in Madison, New Jersey, mainly in Morris County, part of the New York-Newark-Jersey City, NY-NJ metro area. About 17,610 people live here.
- Population
- 17,610
- Median household income
- $172,708
- Typical home value
- $1,061,500+8.5% in 12 months
- Median rent
- $2,251gross, per month
- Median age
- 35.3
- Homeowners
- 64%of occupied homes
Shaded: ZIP code 07940's area. Click anywhere on the map to see which ZIP code it's in.
ZIP codes within 10 milesWithin 25 miles
ZIP code 07940 details
| City | Madison |
|---|---|
| State | New Jersey |
| County | Morris County |
| Metro area | New York-Newark-Jersey City, NY-NJ |
| Time zone | Eastern Time (UTC−5), observes daylight saving time |
| Type | Standard (delivery area) |
| Land area | 4.9 sq mi, plus 0 sq mi of water |
| Population density | 3,587 people per sq mi |
| Bachelor's degree or higher | 74.2% of adults 25+ |
| Average commute | 27 minutes |
| Center coordinates | 40.76053, -74.41948 |
Median rent in 07940 by bedrooms
| Size | Median gross rent |
|---|---|
| 1 bedroom | $1,813/mo |
| 2 bedrooms | $2,595/mo |
| 3 bedrooms | $2,404/mo |
| 4 bedrooms | $3,501/mo |
| 5+ bedrooms | $1,625/mo |
Gross rent includes utilities paid by the tenant. ACS 2020–2024; sizes with too few rentals to estimate are left out.
ZIP codes near 07940
| ZIP code | City | Distance | Population |
|---|---|---|---|
| 07961 | Convent Station, NJ | 1.6 mi | 333 |
| 07932 | Florham Park, NJ | 1.8 mi | 11,977 |
| 07935 | Green Village, NJ | 2.4 mi | 584 |
| 07928 | Chatham, NJ | 2.5 mi | 19,974 |
| 07976 | New Vernon, NJ | 3.9 mi | 389 |
| 07963 | Morristown, NJ | 4.1 mi | — |
| 07901 | Summit, NJ | 4.2 mi | 24,314 |
| 07902 | Summit, NJ | 4.2 mi | — |
Population and median household income: ACS 2020–2024 5-year estimates. Typical home value: Zillow Home Value Index (September 2026) where available, otherwise the ACS median owner-reported value. "PO Box" marks ZIP codes with no delivery area of their own. Methodology
Buying a home in 07940?
A typical home in ZIP code 07940 is worth about $1,061,500 (Zillow Home Value Index). The median household here earns $172,708 a year. See what buying here would cost per month, with New Jersey average taxes and insurance filled in.
Monthly payment for a $1,061,500 homeWhat can a $172,708 income afford?Rental property numbers
About ZIP code 07940
What city is ZIP code 07940?
ZIP code 07940 is in Madison, NJ, in Morris County.
What county is ZIP code 07940 in?
07940 is mainly in Morris County, New Jersey.
What is the population of ZIP code 07940?
About 17,610 people live in ZIP code 07940, according to the American Community Survey 2020–2024 5-year estimates.
What time zone is ZIP code 07940 in?
07940 is in Eastern Time (UTC−5). It observes daylight saving time.