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ZIP Code · NJ

ZIP 07006

Pop. 26,654·Essex County·48th most expensive ZIP in New Jersey
Median rent (all units)
$2,995/mo
Year-over-Year
Stable
Month-over-Month
+11.8%
vs US Median
+$1,030
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07006 · $2,995
More expensive than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,950
1 BR
$2,210
2 BR
$2,670
3 BR
$3,340
4 BR+
$3,800
Research median
$2,670/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: June 22, 2026

Annual cost
$35,940/yr
At $2,995/mo median
Location
StateNJ
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +11.8% MoM), not inventory.
Demographics

Who lives here

ZIP 07006 (West Caldwell, NJ) is majority owner-occupied, has a median income above the national average, 65.2% of residents hold a bachelor's degree or higher.

Population
26,654
Median income
$149,102
Median age
41.8
Renters
28.1%
Age distribution
22.1%
17.6%
25.9%
15.3%
19.1%
Under 1822.1%
18–3417.6%
35–5425.9%
55–6415.3%
65+19.1%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
74.1%
12.7%
White74.1%
Black2.8%
Hispanic12.7%
Asian8.1%
Other2.3%
Education (25+)
13.7%
15.9%
65.2%
No HS diploma5.1%
HS diploma13.7%
Some college15.9%
Bachelor's+65.2%
Housing tenure
71.9%
28.1%
Owner71.9%
Renter28.1%

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

2021 vs 2026

How ZIP 07006 in West Caldwell, NJ has changed in 5 years

Income
$131,864 → $149,102
up 13.1%
Population
26,403 → 26,654
up 1.0%
Renter share
22.7% → 28.1%
+5.4 pts
Bachelor's+
64.3% → 65.2%
+0.9 pts
Median age
44.1 → 41.8
-2.3 yrs

Census figures show median household income at $149,102 today, compared with $131,864 five years earlier. Headcount in the area went from 26,403 to 26,654 between 2021 and 2024, a 1.0% change. About 28.1% of households rent today, against 22.7% in 2021.

Community

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Local insights

Tips for renters in ZIP 07006

About renting in ZIP 07006

Last updated: June 22, 2026

ZIP code 07006 covers West Caldwell, NJ. The median rent here is $2,995/mo as of June 2026. A 1-bedroom rents for a median of $2,210/mo. A 2-bedroom rents for a median of $2,670/mo.

At 24% of local median household income ($149,102/yr), ZIP 07006 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07006?

As of June 22, 2026, the median monthly rent in ZIP 07006 (West Caldwell, NJ) is $2,995. This is based on aggregated data from public sources and community submissions.

How does ZIP 07006 rent compare to the US average?

ZIP 07006's median rent of $2,995/mo is $1,030 (52%) above the US national median of $1,965/mo.

How does ZIP 07006 compare to other ZIPs in New Jersey?

ZIP 07006 is one of the pricier ZIP codes in New Jersey, ranking #48 out of 213 ZIPs tracked at $2,995/mo.

How much income do you need to rent in ZIP 07006?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (~$58/hour full-time) to afford the median rent of $2,995/mo in ZIP 07006. The local median household income is $149,102/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07006?

Rent in ZIP 07006 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 07006 an affordable place to rent?

ZIP 07006 is considered very affordable for renters. At $2,995/mo, rent takes approximately 24% of the local median household income ($149,102/yr). The standard benchmark is 30%. ZIP 07006 falls comfortably within that range.

What percentage of ZIP 07006 residents rent vs. own?

According to Census data, approximately 28.1% of ZIP 07006 households are renters, while 71.9% are owner-occupied. ZIP 07006 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 07006 last updated?

Rent data for ZIP 07006 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,995/mo, rent takes ~24% of ZIP 07006's median household income ($149,102/yr). The standard benchmark is 30%.

ZIP 07006 24%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07006 (West Caldwell, NJ)

Recent submissions

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