ZIP Code · NJ

ZIP 07008

Part of Carteret, NJ

Pop. 25,526·Middlesex County·121st most expensive ZIP in New Jersey

Median rent (all units)

$2,430/mo

Year-over-Year

+1.0%

Month-over-Month

Stable

vs US Median

+$498

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07008 · $2,430

More expensive than 78% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 07008 is 0.1% below its high of $2,432 in August 2026, at $2,430 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07008 changed +1.0% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($97,021) is $2,426 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,140); a 2-bedroom is $2,690.

Cheaper nearby

ZIP 10309, 4 miles away, rents for 13% less ($2,121/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07008. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,160/yr

At $2,430/mo median

Location

CityCarteret

StateNJ

CountyMiddlesex County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.0% YoY, -0.1% 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: October 17, 2026

ZIP code 07008 covers Carteret, NJ. The median rent here is $2,430/mo as of October 2026. A 1-bedroom rents for a median of $2,140/mo. A 2-bedroom rents for a median of $2,690/mo.

At 30% of local median household income ($97,021/yr), ZIP 07008 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

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 $97,000/year (about $47/hour full-time) to afford the median rent of $2,430/mo in ZIP 07008. The local median household income is $97,021/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 07008?

Rent in ZIP 07008 has risen 1.0% over the past year as of September 2026. It sits 0.1% below its high of $2,432 in August 2026.

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

ZIP 07008 is in the middle among New Jersey ZIP codes for rent, ranking #121 of 209 at $2,430/mo. Over the year to September 2026, rent in ZIP 07008 changed +1.0%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.