HomeNew JerseyMorris CountyTowaco
Towaco, New Jersey: commercial real estate data.
Towaco is a Census CDP of 5,612 people across 6.00 square miles of land, in Morris County. Median household income is $205,636, 93.0 percent of occupied homes are owned, and the SBA record carries 14 7(a) approvals to borrowers here worth $6.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Towaco
What Towaco is
- Census place typeCDP
- Land area6 sq mi
- Water area0.06 sq mi
- Population per square mile of land936
- County holding the largest share of its areaMorris 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.
Towaco
How many people live in Towaco
- Population5,612
- Median age47.0
- Population under 181,185 plus or minus 315
- Share under 1821.1 percent plus or minus 5.1
- Population 65 and over1,410 plus or minus 415
- Share 65 and over25.1 percent plus or minus 6.8
- Households2,052
- Family households1,538
- Share of households that are families75.0 percent plus or minus 16.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towaco
Income and work in Towaco
- Median household income$205,636 plus or minus $67,452
- Per capita income$96,322
- Civilian labor force2,967
- Employed2,908
- Unemployed59 plus or minus 46
- Unemployment rate2.0 percent plus or minus 1.5
- Adults 25 and over3,989
- Adults 25 and over with a high school diploma or higher98.0 percent
- Adults 25 and over with a bachelor degree or higher73.3 percent
- Adults 25 and over with a graduate degree29.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towaco
Housing in Towaco
- Housing units2,052
- Occupied units2,052
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied1,909
- Renter occupied143 plus or minus 69
- Ownership rate93.0 percent
- Median owner-occupied home value$701,300
- Median gross rent, monthly$1,950 plus or minus $1,929
- Annual rent as a share of median income11.4 percent plus or minus 11.9
- Single family units1,973
- Share single family96.2 percent
- Units in buildings of two or more79 plus or minus 62
- Share in buildings of two or more3.8 percent plus or minus 2.9
- Mobile homes0
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towaco
How Towaco gets to work
- Workers 16 and over who commute2,128
- Commuting under 15 minutes247 plus or minus 104
- Share commuting under 15 minutes11.6 percent plus or minus 4.4
- Commuting 30 minutes or more1,086 plus or minus 262
- Share commuting 30 minutes or more51.0 percent
- Drove alone65.3 percent
- Carpooled2.8 percent plus or minus 1.8
- Public transport6.4 percent plus or minus 4.3
- Walked0.0 percent
- Worked from home25.0 percent plus or minus 8.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Towaco
SBA loans in Towaco (7(a))
- Approvals14
- Gross approval$6,418,000
- Average approval$458,429
- Median approval$125,000
- Largest approval$1,865,000
- Jobs supported69
- Jobs per approval4.9
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more14.3 percent
- Share to franchises0.0 percent
- Distinct lenders7
- Distinct industries by NAICS10
Counted by borrower city: approvals to borrowers whose address is in Towaco, in any county, FY2020 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Towaco
SBA loans in Towaco (504)
- Approvals1
- Gross approval$1,851,000
- Average approval$1,851,000
- Median approval$1,851,000
- Largest approval$1,851,000
- Jobs supported0
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Towaco, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Morris County, not Towaco
Morris County context, not Towaco figures
- Establishments in Morris County16,518
- Covered employment, Morris County298,824
- Average annual pay, Morris County$101,208
- Housing units permitted, Morris County2,055
Every figure in this section is published for Morris County as a whole and is not a measurement of Towaco.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Towaco questions, answered from the record.
How many people live in Towaco, New Jersey?
5,612, in 2,052 households. Towaco CDP covers 6.00 square miles of land, which is 936 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Towaco in?
Morris 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 Towaco?
$205,636. The median owner-occupied home is valued at $701,300. Median gross rent is $1,950 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Towaco businesses?
14 7(a) approvals totaling $6.4 m since FY2020, across 7 lenders, median approval $125,000, plus 1 504 approvals worth $1.9 m since FY2010. These count approvals to borrowers whose address is in Towaco, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Towaco borrowers get paid back?
No rate is published for Towaco. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Are the county figures on this page Towaco figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morris 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 Towaco.
Is zoning published for Towaco?
No. Nothing on this page presents parcel level zoning.