HomeNew JerseyMiddlesex CountyCarteret borough
Carteret borough, New Jersey: commercial real estate data.
Carteret borough is a Census borough of 25,496 people across 4.39 square miles of land, in Middlesex County. Median household income is $96,862, 54.7 percent of occupied homes are owned, and the SBA record carries 22 7(a) approvals to borrowers here worth $13.0 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Carteret
What Carteret is
- Census place typeborough
- Land area4.39 sq mi
- Water area0.54 sq mi
- Population per square mile of land5,806
- County holding the largest share of its areaMiddlesex County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carteret
How many people live in Carteret
- Population25,496
- Median age38.2
- Population under 186,018
- Share under 1823.6 percent
- Population 65 and over3,673
- Share 65 and over14.4 percent
- Households8,224
- Family households6,236
- Share of households that are families75.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carteret
Income and work in Carteret
- Median household income$96,862
- Per capita income$38,591
- Civilian labor force13,872
- Employed12,466
- Unemployed1,406 plus or minus 493
- Unemployment rate10.1 percent plus or minus 3.5
- Adults 25 and over16,795
- Adults 25 and over with a high school diploma or higher85.4 percent
- Adults 25 and over with a bachelor degree or higher30.1 percent
- Adults 25 and over with a graduate degree8.7 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carteret
Housing in Carteret
- Housing units8,741
- Occupied units8,224
- Vacant units517 plus or minus 279
- Vacancy rate5.9 percent plus or minus 3.2
- Owner occupied4,497
- Renter occupied3,727
- Ownership rate54.7 percent
- Median owner-occupied home value$405,800
- Median gross rent, monthly$2,032
- Annual rent as a share of median income25.2 percent
- Single family units4,770
- Share single family54.6 percent
- Units in buildings of two or more3,700
- Share in buildings of two or more42.3 percent
- Mobile homes271 plus or minus 99
- Median year structure built1960
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carteret
How Carteret gets to work
- Workers 16 and over who commute10,876
- Commuting under 15 minutes2,479 plus or minus 513
- Share commuting under 15 minutes22.8 percent
- Commuting 30 minutes or more5,474
- Share commuting 30 minutes or more50.3 percent
- Drove alone68.1 percent
- Carpooled9.6 percent plus or minus 2.6
- Public transport6.9 percent plus or minus 2.3
- Walked2.7 percent plus or minus 1.2
- Worked from home11.1 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Carteret
SBA loans in Carteret (7(a))
- Approvals22
- Gross approval$12,969,800
- Average approval$589,536
- Median approval$300,000
- Ninetieth percentile approval$1,350,000
- Largest approval$4,010,000
- Jobs supported218
- Jobs per approval9.9
- Loans with a final outcome9
- Paid in full7
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more9.1 percent
- Share to franchises0.0 percent
- Distinct lenders16
- Distinct industries by NAICS15
A charge-off rate is not published here. only 9 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Carteret
SBA loans in Carteret (504)
- Approvals11
- Gross approval$19,985,000
- Average approval$1,816,818
- Median approval$1,620,000
- Largest approval$5,500,000
- Jobs supported313
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Middlesex County, not Carteret
Middlesex County context, not Carteret figures
These are Middlesex County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Carteret measurements.
- Establishments in Middlesex County22,314
- Employment at those establishments, Middlesex County434,143
- Covered employment, Middlesex County430,555
- Average annual pay, Middlesex County$82,400
- Average weekly wage, Middlesex County$1,585
- Housing units permitted, Middlesex County1,792
- Of those, single family, Middlesex County677
- County product, 2024, Middlesex County$86,704,508,000
- County product change over the prior year, Middlesex County4.3 percent
- Average income of an arriving household, Middlesex County$90,589
Every figure in this section is published for Middlesex County as a whole and is not a measurement of Carteret. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Carteret questions, answered from the record.
How many people live in Carteret, New Jersey?
25,496, in 8,224 households. Carteret borough covers 4.39 square miles of land, which is 5,806 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Carteret in?
Middlesex County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Carteret?
$96,862. The median owner-occupied home is valued at $405,800. Median gross rent is $2,032 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Carteret businesses?
22 7(a) approvals totalling $13.0 m, across 16 lenders, median approval $300,000, plus 11 504 approvals worth $20.0 m. These count approvals to borrowers whose address is in Carteret, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Carteret borrowers get paid back?
No rate is published for Carteret. only 9 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Carteret figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Middlesex County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Carteret.
Is zoning published for Carteret?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.