ZIP Code · NJ

ZIP 07002

Part of Bayonne, NJ

Pop. 71,553·Hudson County·139th most expensive ZIP in New Jersey

Median rent (all units)

$2,338/mo

Year-over-Year

+3.2%

Month-over-Month

+0.4%

vs US Median

+$406

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07002 · $2,338

More expensive than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,120

1 BR

$2,160

2 BR

$2,430

3 BR

$2,960

4 BR+

$3,480

Research median

$2,430/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 07002 usually run 0.7% below trend in February and 0.6% above it in June, about $30 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 07002 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of New Jersey

Rent in ZIP 07002 changed +3.2% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 07002 rose 33.2% while median household income rose 31.2% ($63,947 to $83,887). Rent outpaced income.

Since before the pandemic

Rent in ZIP 07002 is 40.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($83,887) is $2,097 a month. That is less than HUD's Fair Market Rent for a studio ($2,120).

Cheaper nearby

ZIP 07114, 4 miles away, rents for 18% less ($1,926/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07002. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,056/yr

At $2,338/mo median

Location

CityBayonne

StateNJ

CountyHudson County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 07002 (Bayonne, NJ) is majority renter-occupied, 39.6% of residents hold a bachelor's degree or higher.

Population

71,553

Median income

$83,887

Median age

38.3

Renters

63.8%

Age distribution

23.1%

21.4%

27.3%

12.5%

15.7%

Under 1823.1%

18–3421.4%

35–5427.3%

55–6412.5%

65+15.7%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

46.6%

13.4%

32.1%

White46.6%

Black13.4%

Hispanic32.1%

Asian9.2%

Education (25+)

28.4%

22%

39.6%

No HS diploma10%

HS diploma28.4%

Some college22%

Bachelor's+39.6%

Housing tenure

36.2%

63.8%

Owner36.2%

Renter63.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07002 in Bayonne, NJ has changed in 5 years

Rent

$1,750 → $2,338

up 33.6%

Income

$72,839 → $83,887

up 15.2%

Population

70,553 → 71,553

up 1.4%

Renter share

60.6% → 63.8%

+3.2 pts

Bachelor's+

38.3% → 39.6%

+1.3 pts

Rent in ZIP 07002 in Bayonne, NJ has climbed 33.6% since 2021, going from about $1,750 per month to roughly $2,338 today. Census figures show median household income at $83,887 today, compared with $72,839 five years earlier. Rent outpaced income growth by roughly 18.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 70,553 to 71,553 between 2021 and 2024, a 1.4% change. About 63.8% of households rent today, against 60.6% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 07002

Last updated: October 17, 2026

ZIP code 07002 covers Bayonne, NJ. The median rent here is $2,338/mo as of October 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,430/mo.

At 33% of local median household income ($83,887/yr), ZIP 07002 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07002?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,338/mo in ZIP 07002. The local median household income is $83,887/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07002?

Rent in ZIP 07002 has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 07002?

Asking rents in ZIP 07002 are usually lowest in February, about 0.7% below their yearly trend, and highest in June, about 0.6% above it. At today's median that is a gap of roughly $30 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 07002?

Yes. From 2019 to 2024, rent in ZIP 07002 rose 33.2% while median household income rose 31.2%, from $63,947 to $83,887. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 07002 compare to other ZIPs in New Jersey?

ZIP 07002 is in the middle among New Jersey ZIP codes for rent, ranking #139 of 209 at $2,338/mo. Over the year to September 2026, rent in ZIP 07002 changed +3.2%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.