Netcong Market_Demographic Overview

The Borough of Netcong





Demographic & Market Overview






PREPARED FOR:

Newmark Real Estate



RESIDENTIAL








SMALL TOWN AMENITIES








RETAIL & DINING








HIGH QUALITY OF LIFE










Welcome to Netcong!



Nestled in the mountains of Morris County, the Borough of Netcong is small in size but lacks
for nothing. While still maintaining their small town appearance, Netcong has a bustling Main

Street enhanced by Lake Musconetcong on its perimeter.

5













MILE RADIUS





78,807



Population






29,651


Households






$90,057



Median HHI







39.2%




Bachelor’s Degree or
Higher

Extraordinary Market



The market is exceptional by all standard demographic measures. Whether measuring the market by a 3 or 5
mile radius or a 12 minute drive time, each boasts a median HHI over $85,000 annually, with greater than 42%

of the HH’s earnings over $100,000, a median home value greater than $415,000, and a population in which

over 42% hold a bachelor’s degree or better.


Population Population
30,574 74,092
Households Households
11,431 28,042
Average HHI
Average HHI 12
$85,660 $88,123
Bachelors Degree or Higher Bachelors Degree or Higher
3 36.9% 39.1%
Annual HHI of $100k+ Annual HHI of $100k+
MILE RADIUS MINUTE DRIVE
42.5% 43.9%



World-Class Companies



The surrounding office market contains more then 3 million square feet of corporate office facilities fueling the strong

daytime population. Many global companies such as Siemens and Toys R Us have their division offices within close

proximity of Netcong. Additionally, a number of nationally renowned businesses are included in this mix such as
Holland Manufacturing and L3 Space Navigation.











29,846 2,849 4.6 1,777,494,845


Total Specified Consumer Spend-
ing Within 5 Miles ($)
Daytime Workers within 5 Miles Businesses Within 5 Miles Unemployment Rate (%)