Forsgate, NJ
Population 2,094 · New Jersey
About Forsgate, NJ
Forsgate is a small town located in New Jersey with a population of 2,094 residents according to the latest US Census Bureau American Community Survey data. The median household income is $235,357 per year, which is 213% above the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Forsgate features a median home value of $645,400, which is 164% above the national median of $244,900. This places Forsgate in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 760 total housing units, 100% are owner-occupied (760 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Forsgate shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Forsgate have an average one-way commute time of 52.7 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
77.2% of Forsgate residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.8% White, 0.0% Hispanic or Latino, 1.1% Black or African American, and 3.6% Asian residents, with 53.2% of the population being foreign-born.
How Forsgate Ranks in New Jersey
Cost of Living in Forsgate, NJ
Compared to national averages, Forsgate has a median household income of $235,357 (213% above the national median of $75,149). Home values average $645,400, which is 164% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Jersey, Forsgate's income is 103% above the state average of $115,667, and home values are 37% above the state median of $469,644.
Why Live in Forsgate, NJ?
Forsgate offers a strong local economy with a median household income of $235,357, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.0%. Additionally, the city features a well-educated community where 77.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $645,400. However, Forsgate’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Forsgate has a population of 2,094 with a median age of 43.3 years. Compare Forsgate with other cities to see how it stacks up, or explore all cities in New Jersey.
Similar Cities Near Forsgate
Cities in New Jersey with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Woodbine | 2,083 | $45,179 | $199,800 | Compare |
| Long Valley | 2,107 | $106,528 | $452,400 | Compare |
| Sea Isle City | 2,079 | $98,860 | $1,019,500 | Compare |
| Weston | 2,111 | $86,595 | $547,200 | Compare |
| Englishtown | 2,075 | $101,736 | $479,000 | Compare |
| Holiday Heights | 2,118 | $56,796 | $318,400 | Compare |
| Belford | 2,039 | $121,406 | $491,100 | Compare |
| Erma | 2,039 | $93,674 | $378,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Jersey
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Forsgate With Other Cities
Frequently Asked Questions about Forsgate
What is the population of Forsgate, NJ?
The population of Forsgate, NJ is 2,094 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Jersey.
What is the median household income in Forsgate?
The median household income in Forsgate, NJ is $235,357 per year, which is 213% above the national median of $75,149.
What is the median home value in Forsgate?
The median home value in Forsgate, NJ is $645,400, which is 164% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Forsgate?
The median monthly rent in Forsgate, NJ is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Forsgate?
The unemployment rate in Forsgate, NJ is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Forsgate, NJ a good place to live?
Forsgate offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,094 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Forsgate, NJ?
77.2% of residents in Forsgate aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Forsgate?
Key cost-of-living indicators for Forsgate, NJ: median home value is $645,400 (164% above national), median rent is $0/month, and median household income is $235,357. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Forsgate?
The poverty rate in Forsgate, NJ is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Forsgate, NJ?
Forsgate's population is 0.8% White, 0.0% Hispanic or Latino, 1.1% Black or African American, 3.6% Asian, and 0.0% two or more races. 53.2% of residents are foreign-born.