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ZIP Code · NJ

ZIP 07003

Pop. 53,771·Essex County·131st most expensive ZIP in New Jersey
Median rent (all units)
$2,442/mo
Year-over-Year
+10.1%
Month-over-Month
+2.8%
vs US Median
+$477
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07003 · $2,442
More expensive than 77% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$2,060
2 BR
$2,490
3 BR
$3,120
4 BR+
$3,540
Research median
$2,490/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: July 20, 2026

Annual cost
$29,304/yr
At $2,442/mo median
Location
StateNJ
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.1% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 07003 (Bloomfield, NJ) is roughly split between renters and owners, has a median income above the national average, 49% of residents hold a bachelor's degree or higher.

Population
53,771
Median income
$103,663
Median age
37.5
Renters
49.3%
Age distribution
19.4%
25.9%
27.8%
15%
Under 1819.4%
18–3425.9%
35–5427.8%
55–6411.9%
65+15%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
42.6%
16.2%
30.9%
White42.6%
Black16.2%
Hispanic30.9%
Asian9.5%
Other0.8%
Education (25+)
21.2%
21.3%
49%
No HS diploma8.5%
HS diploma21.2%
Some college21.3%
Bachelor's+49%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2021 vs 2026

How ZIP 07003 in Bloomfield, NJ has changed in 5 years

Rent
$1,751 → $2,442
up 39.5%
Income
$86,195 → $103,663
up 20.3%
Population
52,323 → 53,771
up 2.8%
Renter share
48.8% → 49.3%
+0.5 pts
Bachelor's+
46.8% → 49%
+2.2 pts

The median rent in ZIP 07003 in Bloomfield, NJ stood at $1,751 in 2021 and currently runs about $2,442, reflecting a 39.5% increase over the period. Median household income rose from $86,195 to $103,663 between 2021 and 2024, a 20.3% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.8% since 2021, moving from about 52,323 residents to roughly 53,771. College-educated residents now make up 49% of adults here, versus 46.8% in 2021. Taken together, the five-year picture in ZIP 07003 in Bloomfield, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

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About renting in ZIP 07003

Last updated: July 20, 2026

ZIP code 07003 covers Bloomfield, NJ. The median rent here is $2,442/mo as of July 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,490/mo.

At 28% of local median household income ($103,663/yr), ZIP 07003 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07003?

As of July 20, 2026, the median monthly rent in ZIP 07003 (Bloomfield, NJ) is $2,442. This is based on aggregated data from public sources and community submissions.

How does ZIP 07003 rent compare to the US average?

ZIP 07003's median rent of $2,442/mo is $477 (24%) above the US national median of $1,965/mo.

How does ZIP 07003 compare to other ZIPs in New Jersey?

ZIP 07003 falls in the middle range for New Jersey, ranking #131 out of 212 ZIPs at $2,442/mo.

How much income do you need to rent in ZIP 07003?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,442/mo in ZIP 07003. The local median household income is $103,663/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07003?

Rent in ZIP 07003 has increased 10.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07003 an affordable place to rent?

ZIP 07003 is considered affordable for renters. At $2,442/mo, rent takes approximately 28% of the local median household income ($103,663/yr). The standard benchmark is 30%. ZIP 07003 falls comfortably within that range.

What percentage of ZIP 07003 residents rent vs. own?

According to Census data, approximately 49.3% of ZIP 07003 households are renters, while 50.7% are owner-occupied. ZIP 07003 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07003 compare to the rest of Bloomfield?

ZIP 07003 is pricier than Bloomfield as a whole. At $2,442/mo, it's $1 above the Bloomfield citywide median of $2,441/mo.

When was rent data for ZIP 07003 last updated?

Rent data for ZIP 07003 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,442/mo, rent takes ~28% of ZIP 07003's median household income ($103,663/yr). The standard benchmark is 30%.

ZIP 07003 28%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07003 (Bloomfield, NJ)

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