HomeNew JerseyUnion CountyGarwood borough
Garwood borough, New Jersey: commercial real estate data.
Garwood borough is a Census borough of 4,885 people across 0.65 square miles of land, in Union County. Median household income is $110,670, 54.4 percent of occupied homes are owned, and the SBA record carries 18 7(a) approvals to borrowers here worth $13.5 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Garwood
What Garwood is
- Census place typeborough
- Land area0.65 sq mi
- Water area0 sq mi
- Population per square mile of land7,511
- 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.
Garwood
How many people live in Garwood
- Population4,885
- Median age42.3
- Population under 18884 plus or minus 233
- Share under 1818.1 percent plus or minus 4.8
- Population 65 and over997 plus or minus 238
- Share 65 and over20.4 percent plus or minus 4.9
- Households2,129
- Family households1,303
- Share of households that are families61.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Garwood
Income and work in Garwood
- Median household income$110,670 plus or minus $25,596
- Per capita income$63,436
- Civilian labor force3,020
- Employed2,805
- Unemployed215 plus or minus 149
- Unemployment rate7.1 percent plus or minus 4.9
- Adults 25 and over3,631
- Adults 25 and over with a high school diploma or higher96.8 percent
- Adults 25 and over with a bachelor degree or higher45.2 percent
- Adults 25 and over with a graduate degree15.1 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Garwood
Housing in Garwood
- Housing units2,169
- Occupied units2,129
- Vacant units40 plus or minus 63
- Vacancy rate1.8 percent plus or minus 2.9
- Owner occupied1,159
- Renter occupied970 plus or minus 232
- Ownership rate54.4 percent
- Median owner-occupied home value$533,300
- Median gross rent, monthly$1,753
- Annual rent as a share of median income19.0 percent plus or minus 5.0
- Single family units1,097
- Share single family50.6 percent
- Units in buildings of two or more1,072 plus or minus 246
- Share in buildings of two or more49.4 percent plus or minus 10.5
- Mobile homes0
- Median year structure built1953
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Garwood
How Garwood gets to work
- Workers 16 and over who commute2,266
- Commuting under 15 minutes476 plus or minus 165
- Share commuting under 15 minutes21.0 percent plus or minus 6.9
- Commuting 30 minutes or more950 plus or minus 235
- Share commuting 30 minutes or more41.9 percent plus or minus 9.3
- Drove alone64.5 percent
- Carpooled5.8 percent plus or minus 3.8
- Public transport7.8 percent plus or minus 4.2
- Walked2.5 percent plus or minus 3.0
- Worked from home17.1 percent plus or minus 6.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Garwood
SBA loans in Garwood (7(a))
- Approvals18
- Gross approval$13,496,000
- Average approval$749,778
- Median approval$625,000
- Ninetieth percentile approval$2,100,000
- Largest approval$2,400,000
- Jobs supported201
- Jobs per approval11.2
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises16.7 percent
- Distinct lenders10
- Distinct industries by NAICS13
A charge-off rate is not published here. only 5 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.
Garwood
SBA loans in Garwood (504)
- Approvals3
- Gross approval$1,229,000
- Average approval$409,667
- Median approval$510,000
- Largest approval$585,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Union County, not Garwood
Union County context, not Garwood 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 Garwood 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 Garwood. 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
Garwood questions, answered from the record.
How many people live in Garwood, New Jersey?
4,885, in 2,129 households. Garwood borough covers 0.65 square miles of land, which is 7,511 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Garwood 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 Garwood?
$110,670. The median owner-occupied home is valued at $533,300. Median gross rent is $1,753 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Garwood businesses?
18 7(a) approvals totalling $13.5 m, across 10 lenders, median approval $625,000, plus 3 504 approvals worth $1.2 m. These count approvals to borrowers whose address is in Garwood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Garwood borrowers get paid back?
No rate is published for Garwood. only 5 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 Garwood 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 Garwood.
Is zoning published for Garwood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.