ZIP 07020
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12-month history
Last updated: October 17, 2026
What the numbers show
April. Asking rents in ZIP 07020 usually run 0.9% below trend in April and 0.5% above it in September, about $51 a month apart at today's median. Based on 7 years of data.
Rent in ZIP 07020 is at its highest level since Zillow's records here began in October 2017.
Rent in ZIP 07020 changed +4.4% 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 07020 rose 27.6% while median household income rose -2.5% ($127,221 to $124,050). Rent outpaced income.
Rent in ZIP 07020 is 40.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($124,050) is $3,101 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($3,040); a 2-bedroom is $3,490.
ZIP 07010, 1 mile away, rents for 17% less ($3,007/mo), about $7,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 07020. 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 07020 (Edgewater, NJ) is majority renter-occupied, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 07020 in Edgewater, NJ has changed in 5 years
The median rent in ZIP 07020 in Edgewater, NJ stood at $2,616 in 2021 and currently runs about $3,633, reflecting a 38.9% increase over the period. Local incomes tracked alongside that move, going from a median of $126,483 in 2021 to $124,050 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.7% since 2021, moving from about 14,234 residents to roughly 14,759. Renters now make up 60.2% of households, compared with 58% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 07020 in Edgewater, NJ market of 2021.
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Tips for renters in ZIP 07020
Last updated: October 17, 2026
ZIP code 07020 covers Edgewater, NJ. The median rent here is $3,633/mo as of October 2026. A 1-bedroom rents for a median of $3,040/mo. A 2-bedroom rents for a median of $3,490/mo.
At 35% of local median household income ($124,050/yr), ZIP 07020 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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How does ZIP 07020 compare to other ZIPs in New Jersey?
How does ZIP 07020 compare to the rest of Edgewater?
At $3,633/mo, rent takes ~35% of ZIP 07020's median household income ($124,050/yr). The standard benchmark is 30%.
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