HomeNew JerseyUnion CountyFanwood borough
Fanwood borough, New Jersey: commercial real estate data.
Fanwood borough is a Census borough of 7,799 people across 1.34 square miles of land, in Union County. Median household income is $195,529, 84.9 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $5.7 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Fanwood
What Fanwood is
- Census place typeborough
- Land area1.34 sq mi
- Water area0 sq mi
- Population per square mile of land5,822
- County holding the largest share of its areaUnion 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.
Fanwood
How many people live in Fanwood
- Population7,799
- Median age43.4
- Population under 181,875
- Share under 1824.0 percent
- Population 65 and over1,428
- Share 65 and over18.3 percent
- Households2,835
- Family households2,338
- Share of households that are families82.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fanwood
Income and work in Fanwood
- Median household income$195,529 plus or minus $40,950
- Per capita income$72,810
- Civilian labor force4,266
- Employed4,150
- Unemployed116 plus or minus 64
- Unemployment rate2.7 percent plus or minus 1.5
- Adults 25 and over5,411
- Adults 25 and over with a high school diploma or higher96.9 percent
- Adults 25 and over with a bachelor degree or higher73.0 percent
- Adults 25 and over with a graduate degree28.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fanwood
Housing in Fanwood
- Housing units2,898
- Occupied units2,835
- Vacant units63 plus or minus 59
- Vacancy rate2.2 percent plus or minus 2.0
- Owner occupied2,408
- Renter occupied427 plus or minus 115
- Ownership rate84.9 percent
- Median owner-occupied home value$635,200
- Median gross rent, monthly$2,446 plus or minus $736
- Annual rent as a share of median income15.0 percent plus or minus 5.5
- Single family units2,511
- Share single family86.6 percent
- Units in buildings of two or more362 plus or minus 165
- Share in buildings of two or more12.5 percent plus or minus 5.7
- Mobile homes25 plus or minus 39
- Median year structure built1954
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fanwood
How Fanwood gets to work
- Workers 16 and over who commute3,059
- Commuting under 15 minutes506 plus or minus 181
- Share commuting under 15 minutes16.5 percent plus or minus 5.7
- Commuting 30 minutes or more1,810 plus or minus 430
- Share commuting 30 minutes or more59.2 percent plus or minus 12.6
- Drove alone61.9 percent
- Carpooled0.8 percent plus or minus 0.8
- Public transport10.2 percent plus or minus 3.1
- Walked0.8 percent plus or minus 0.9
- Worked from home26.1 percent plus or minus 8.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Fanwood
SBA loans in Fanwood (7(a))
- Approvals9
- Gross approval$5,717,000
- Average approval$635,222
- Median approval$350,000
- Ninetieth percentile approval$2,714,000
- Largest approval$2,714,000
- Jobs supported203
- Jobs per approval22.6
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more11.1 percent
- Share to franchises44.4 percent
- Distinct lenders7
- Distinct industries by NAICS6
A charge-off rate is not published here. only 0 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.
Union County, not Fanwood
Union County context, not Fanwood figures
These are Union County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Fanwood measurements.
- Establishments in Union County14,276
- Employment at those establishments, Union County208,505
- Covered employment, Union County229,010
- Average annual pay, Union County$84,322
- Average weekly wage, Union County$1,622
- Housing units permitted, Union County1,696
- Of those, single family, Union County212
- County product, 2024, Union County$51,947,451,000
- County product change over the prior year, Union County5.0 percent
- Average income of an arriving household, Union County$118,079
Every figure in this section is published for Union County as a whole and is not a measurement of Fanwood. 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
Fanwood questions, answered from the record.
How many people live in Fanwood, New Jersey?
7,799, in 2,835 households. Fanwood borough covers 1.34 square miles of land, which is 5,822 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Fanwood in?
Union 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 Fanwood?
$195,529. The median owner-occupied home is valued at $635,200. Median gross rent is $2,446 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Fanwood businesses?
9 7(a) approvals totalling $5.7 m, across 7 lenders, median approval $350,000. These count approvals to borrowers whose address is in Fanwood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Fanwood borrowers get paid back?
No rate is published for Fanwood. only 0 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 Fanwood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Union 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 Fanwood.
Is zoning published for Fanwood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.