ZIP 07648 — Business Opportunities

Norwood, NJ · Local economy intelligence

Population

5,657

Median income

$156,630

Median age

48.1

Households

1,964

Top business opportunities in 07648

The highest-scored business categories to consider opening in Norwood, NJ, based on demand (population, income, demographic fit) versus existing supply.

1. Jewelry & Accessories 100/100
~0.6 businesses underserved · confidence: medium
2. Furniture & Home Decor 91/100
~0.6 businesses underserved · confidence: medium
3. Electronics 84/100
~0.6 businesses underserved · confidence: medium
4. Electronics Repair 84/100
~0.6 businesses underserved · confidence: medium
5. Clothing & Apparel 76/100
~1.0 businesses underserved · confidence: medium
6. Cafes & Coffee Shops 65/100
~0.8 businesses underserved · confidence: medium
7. Fitness Station 63/100
~0.3 businesses underserved · confidence: low
8. Grocery & Supermarkets 61/100
~0.7 businesses underserved · confidence: medium
9. Dental 60/100
~0.7 businesses underserved · confidence: medium
10. Schools 59/100
~2.3 businesses underserved · confidence: medium

What's already here — existing business mix

The most common business categories currently operating in ZIP 07648.

Religious — 7 businesses
Restaurants — 3 businesses
Gas Stations — 2 businesses
Fast Food — 2 businesses
Fitness Centre — 2 businesses
Police — 2 businesses
Beauty & Nail Salons — 2 businesses
Social Facility — 1 businesses
Park — 1 businesses
Convenience Stores — 1 businesses
Banking & Finance — 1 businesses
Libraries — 1 businesses
Alcohol — 1 businesses
Storage Rental — 1 businesses
Bakeries — 1 businesses

Full demographic profile

Population	5,657
Households	1,964
Median household income	$156,630
Per capita income	$63,518
Median age	48.1
% bachelor's degree or higher	58.984%
% age 18–34	15.945%
% age 65+	11.19%
% renter-occupied	14.645%
Median home value	$633,800
Median gross rent	$2,121
Unemployment rate	2.494%

Nearby ZIPs in NJ

07880 Vienna · 07881 Wallpack Center · 07882 Washington · 07885 Wharton · 07901 Summit · 07920 Basking Ridge

Ask the AI Advisor

Get a 1-to-10 rating with data-backed reasoning for any business idea you'd open in 07648. "What if I opened a coffee shop here?" → real answer in 5 seconds.

Open advisor on the map →