Solar Installers Market: ZIP 07416
Opportunity Score
56
/ 100
Fair
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 07416 is an urban area with low foot traffic. with a population of 5,746 and household incomes above the national median ($90,869). There are 3 solar installers operations in ZIP 07416.
Area Profile
5,746
Population
$90,869
Median Income
+22% vs. national
Urban
Area Type
8.9/20
Foot Traffic
Car-Dependent
Median Age: 50.6 —
older demographic, may prefer sit-down options.
College-Educated: 16.7% —
value-focused market, keep prices competitive.
Competition
Solar Installers and related businesses in ZIP 07416.
3
Solar Installers
Low competition — room to establish
5.2 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,730
2BR Fair Market Rent
$1,346
Median Gross Rent
$260 K
Median Home Value
4
Bank Branches
$580 K deposits
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Solar Installers
- 3
- Bank Branches
- 4
vs. National Average
Median Income
+22% vs. $74,580
Walkability
-1.6 pts vs. national avg
Nearby Markets
07439
2.1 mi
Pop: 2,231
$104,946
Walk: 7.3
07419
3.4 mi
Pop: 10,102
$109,325
Walk: 8.5
07871
5.1 mi
Pop: 21,167
$167,443
Walk: 6.3
07848
6.4 mi
Pop: 4,513
$116,042
Walk: 7.7
07460
6.6 mi
Pop: 2,990
$118,229
Walk: 6.4
07438
7.2 mi
Pop: 11,045
$119,594
Walk: 6.7
07822
8.5 mi
Pop: 904
$106,250
07462
8.9 mi
Pop: 6,892
$99,125
Walk: 5.4
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits