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ZIP Code · NJ

ZIP 07008

Part of Carteret, NJ
Pop. 25,526·Middlesex County·122nd most expensive ZIP in New Jersey
Median rent (all units)
$2,483/mo
Year-over-Year
+5.1%
Month-over-Month
+0.7%
vs US Median
+$518
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07008 · $2,483
More expensive than 79% 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
$2,140
2 BR
$2,690
3 BR
$3,230
4 BR+
$3,570
Research median
$2,690/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
$29,796/yr
At $2,483/mo median
Location
StateNJ
CountyMiddlesex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.1% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 07008 (Carteret, NJ) is roughly split between renters and owners, has a median income above the national average, 30.1% of residents hold a bachelor's degree or higher.

Population
25,526
Median income
$97,021
Median age
38.1
Renters
45.3%
Age distribution
23.6%
23.7%
24.6%
13.7%
14.4%
Under 1823.6%
18–3423.7%
35–5424.6%
55–6413.7%
65+14.4%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
21%
19.5%
34.3%
26.1%
White21%
Black19.5%
Hispanic34.3%
Asian26.1%
Education (25+)
14.6%
33.5%
21.9%
30.1%
No HS diploma14.6%
HS diploma33.5%
Some college21.9%
Bachelor's+30.1%
Housing tenure
54.7%
45.3%
Owner54.7%
Renter45.3%

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

2021 vs 2026

How ZIP 07008 in Carteret, NJ has changed in 5 years

Income
$74,623 → $97,021
up 30.0%
Population
25,085 → 25,526
up 1.8%
Renter share
43.2% → 45.3%
+2.1 pts
Bachelor's+
26.1% → 30.1%
+4.0 pts
Median age
37.5 → 38.1
+0.6 yrs

Local incomes tracked alongside that move, going from a median of $74,623 in 2021 to $97,021 more recently. Headcount in the area went from 25,085 to 25,526 between 2021 and 2024, a 1.8% change. About 45.3% of households rent today, against 43.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 26.1% to 30.1%.

Community

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Local insights

Tips for renters in ZIP 07008

About renting in ZIP 07008

Last updated: July 20, 2026

ZIP code 07008 covers Carteret, NJ. The median rent here is $2,483/mo as of July 2026. A 1-bedroom rents for a median of $2,140/mo. A 2-bedroom rents for a median of $2,690/mo.

At 31% of local median household income ($97,021/yr), ZIP 07008 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07008?

As of July 20, 2026, the median monthly rent in ZIP 07008 (Carteret, NJ) is $2,483. This is based on aggregated data from public sources and community submissions.

How does ZIP 07008 rent compare to the US average?

ZIP 07008's median rent of $2,483/mo is $518 (26%) above the US national median of $1,965/mo.

How does ZIP 07008 compare to other ZIPs in New Jersey?

ZIP 07008 falls in the middle range for New Jersey, ranking #122 out of 212 ZIPs at $2,483/mo.

How much income do you need to rent in ZIP 07008?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,483/mo in ZIP 07008. The local median household income is $97,021/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07008?

Rent in ZIP 07008 has increased 5.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07008 an affordable place to rent?

ZIP 07008 is considered moderate for renters. At $2,483/mo, rent takes approximately 31% of the local median household income ($97,021/yr). The standard benchmark is 30%. ZIP 07008 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 07008 residents rent vs. own?

According to Census data, approximately 45.3% of ZIP 07008 households are renters, while 54.7% are owner-occupied. ZIP 07008 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07008 compare to the rest of Carteret?

ZIP 07008 sits right at the Carteret citywide median of $2,483/mo.

When was rent data for ZIP 07008 last updated?

Rent data for ZIP 07008 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,483/mo, rent takes ~31% of ZIP 07008's median household income ($97,021/yr). The standard benchmark is 30%.

ZIP 07008 31%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07008 (Carteret, NJ)

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