HomeNew JerseyUnion CountyNew Providence borough
New Providence borough, New Jersey: commercial real estate data.
New Providence borough is a Census borough of 13,727 people across 3.69 square miles of land, in Union County. Median household income is $161,599, 75.8 percent of occupied homes are owned, and the SBA record carries 20 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
New Providence
What New Providence is
- Census place typeborough
- Land area3.69 sq mi
- Water area0.02 sq mi
- Population per square mile of land3,721
- 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.
New Providence
How many people live in New Providence
- Population13,727
- Median age45.7
- Population under 183,270
- Share under 1823.8 percent
- Population 65 and over3,187
- Share 65 and over23.2 percent
- Households5,351
- Family households3,863
- Share of households that are families72.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Providence
Income and work in New Providence
- Median household income$161,599
- Per capita income$83,870
- Civilian labor force6,704
- Employed6,446
- Unemployed258 plus or minus 142
- Unemployment rate3.8 percent plus or minus 2.1
- Adults 25 and over9,779
- Adults 25 and over with a high school diploma or higher95.9 percent
- Adults 25 and over with a bachelor degree or higher67.6 percent
- Adults 25 and over with a graduate degree32.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Providence
Housing in New Providence
- Housing units5,659
- Occupied units5,351
- Vacant units308 plus or minus 139
- Vacancy rate5.4 percent plus or minus 2.4
- Owner occupied4,054
- Renter occupied1,297
- Ownership rate75.8 percent
- Median owner-occupied home value$769,900
- Median gross rent, monthly$1,903
- Annual rent as a share of median income14.1 percent
- Single family units3,859
- Share single family68.2 percent
- Units in buildings of two or more1,800
- Share in buildings of two or more31.8 percent
- Mobile homes0
- Median year structure built1962
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Providence
How New Providence gets to work
- Workers 16 and over who commute4,588
- Commuting under 15 minutes1,263
- Share commuting under 15 minutes27.5 percent
- Commuting 30 minutes or more2,057
- Share commuting 30 minutes or more44.8 percent
- Drove alone54.8 percent
- Carpooled6.1 percent plus or minus 2.6
- Public transport9.2 percent plus or minus 2.8
- Walked1.1 percent plus or minus 0.9
- Worked from home27.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Providence
SBA loans in New Providence (7(a))
- Approvals20
- Gross approval$13,020,600
- Average approval$651,030
- Median approval$250,000
- Ninetieth percentile approval$2,080,000
- Largest approval$2,320,000
- Jobs supported146
- Jobs per approval7.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more5.0 percent
- Share to franchises10.0 percent
- Distinct lenders13
- Distinct industries by NAICS16
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.
New Providence
SBA loans in New Providence (504)
- Approvals6
- Gross approval$5,984,000
- Average approval$997,333
- Median approval$615,000
- Largest approval$3,470,000
- Jobs supported81
- Loans with a final outcome3
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Union County, not New Providence
Union County context, not New Providence 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 New Providence 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 New Providence. 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
New Providence questions, answered from the record.
How many people live in New Providence, New Jersey?
13,727, in 5,351 households. New Providence borough covers 3.69 square miles of land, which is 3,721 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Providence 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 New Providence?
$161,599. The median owner-occupied home is valued at $769,900. Median gross rent is $1,903 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Providence businesses?
20 7(a) approvals totalling $13.0 m, across 13 lenders, median approval $250,000, plus 6 504 approvals worth $6.0 m. These count approvals to borrowers whose address is in New Providence, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Providence borrowers get paid back?
No rate is published for New Providence. 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 New Providence 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 New Providence.
Is zoning published for New Providence?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.