HomeNew JerseyMorris CountyWharton
Wharton, New Jersey: commercial real estate data.
Wharton is a Census borough of 7,318 people across 2.08 square miles of land, in Morris County. Median household income is $85,767, 59.0 percent of occupied homes are owned, and the SBA record carries 28 7(a) approvals to borrowers here worth $12.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wharton
What Wharton is
- Census place typeborough
- Land area2.08 sq mi
- Water area0.06 sq mi
- Population per square mile of land3,520
- 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.
Wharton
How many people live in Wharton
- Population7,318
- Median age46.3
- Population under 181,043 plus or minus 395
- Share under 1814.3 percent plus or minus 5.4
- Population 65 and over1,465 plus or minus 411
- Share 65 and over20.0 percent plus or minus 5.6
- Households3,059
- Family households1,862
- Share of households that are families60.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wharton
Income and work in Wharton
- Median household income$85,767 plus or minus $17,568
- Per capita income$42,614
- Civilian labor force4,560
- Employed4,223
- Unemployed337 plus or minus 214
- Unemployment rate7.4 percent plus or minus 4.6
- Adults 25 and over5,800
- Adults 25 and over with a high school diploma or higher88.8 percent
- Adults 25 and over with a bachelor degree or higher28.8 percent plus or minus 6.8
- Adults 25 and over with a graduate degree6.4 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wharton
Housing in Wharton
- Housing units3,059
- Occupied units3,059
- Vacant units0
- Vacancy rate0.0 percent
- Owner occupied1,805
- Renter occupied1,254 plus or minus 345
- Ownership rate59.0 percent
- Median owner-occupied home value$380,700
- Median gross rent, monthly$1,720
- Annual rent as a share of median income24.1 percent plus or minus 5.2
- Single family units2,062
- Share single family67.4 percent
- Units in buildings of two or more997 plus or minus 323
- Share in buildings of two or more32.6 percent plus or minus 9.9
- Mobile homes0
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wharton
How Wharton gets to work
- Workers 16 and over who commute3,716
- Commuting under 15 minutes964 plus or minus 387
- Share commuting under 15 minutes25.9 percent plus or minus 9.8
- Commuting 30 minutes or more1,751 plus or minus 514
- Share commuting 30 minutes or more47.1 percent plus or minus 12.3
- Drove alone77.5 percent
- Carpooled6.7 percent plus or minus 4.9
- Public transport2.8 percent plus or minus 3.3
- Walked1.9 percent plus or minus 2.9
- Worked from home9.3 percent plus or minus 4.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wharton
SBA loans in Wharton (7(a))
- Approvals28
- Gross approval$12,303,000
- Average approval$439,393
- Median approval$150,000
- Ninetieth percentile approval$1,007,700
- Largest approval$2,966,400
- Jobs supported238
- Jobs per approval8.5
- Loans with a final outcome5
- Paid in full3
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more7.1 percent
- Share to franchises3.6 percent
- Distinct lenders15
- Distinct industries by NAICS22
Counted by borrower city: approvals to borrowers whose address is in Wharton, in any county, FY2020 to FY2026. Only 5 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.
Wharton
Flood risk in Wharton
- NFIP communityBorough of Wharton
- NFIP community number340364
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date02/19/87
The Borough of Wharton participates in the National Flood Insurance Program as community 340364 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Morris County, not Wharton
Morris County context, not Wharton 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 Wharton.
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
Wharton questions, answered from the record.
How many people live in Wharton, New Jersey?
7,318, in 3,059 households. Wharton borough covers 2.08 square miles of land, which is 3,520 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wharton 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 Wharton?
$85,767. The median owner-occupied home is valued at $380,700. Median gross rent is $1,720 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wharton businesses?
28 7(a) approvals totaling $12.3 m since FY2020, across 15 lenders, median approval $150,000. These count approvals to borrowers whose address is in Wharton, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wharton borrowers get paid back?
No rate is published for Wharton. Only 5 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.
Is Wharton in the National Flood Insurance Program?
Yes. Wharton appears in the FEMA Community Status Book as Wharton, borough of, community 340364, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Wharton 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 Wharton.
Is zoning published for Wharton?
No. Nothing on this page presents parcel level zoning.