ZIP 07003
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 07003 usually run 0.5% below trend in December and 0.7% above it in March, about $29 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 07003 is 1.1% below its high of $2,458 in February 2026, at $2,431 as of September 2026.
Rent in ZIP 07003 changed +2.6% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.
From 2019 to 2024, rent in ZIP 07003 rose 37% while median household income rose 32.8% ($78,034 to $103,663). Rent outpaced income.
Rent in ZIP 07003 is 46.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($103,663) is $2,592 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,490); a 3-bedroom is $3,120.
ZIP 07017, 3 miles away, rents for 18% less ($1,997/mo), about $5,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 07003. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 07003 in Bloomfield, NJ has changed in 5 years
The median rent in ZIP 07003 in Bloomfield, NJ stood at $1,798 in 2021 and currently runs about $2,431, reflecting a 35.2% 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.
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Tips for renters in ZIP 07003
Last updated: October 17, 2026
ZIP code 07003 covers Bloomfield, NJ. The median rent here is $2,431/mo as of October 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 2.6% over the past year.
Frequently asked questions
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How does ZIP 07003 compare to the rest of Bloomfield?
At $2,431/mo, rent takes ~28% of ZIP 07003's median household income ($103,663/yr). The standard benchmark is 30%.
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