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ZIP Code · NJ

ZIP 07040

Pop. 25,613·Essex County·77th most expensive ZIP in New Jersey
Median rent (all units)
$2,705/mo
Year-over-Year
Stable
Month-over-Month
-2.1%
vs US Median
+$740
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07040 · $2,705
More expensive than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,090
1 BR
$2,360
2 BR
$2,860
3 BR
$3,580
4 BR+
$4,070
Research median
$2,860/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
$32,460/yr
At $2,705/mo median
Location
StateNJ
CountyEssex County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 07040 (Maplewood, NJ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.

Population
25,613
Median income
$173,500
Median age
38.1
Renters
25.1%
Age distribution
28.4%
16.9%
28.8%
14.1%
Under 1828.4%
18–3416.9%
35–5428.8%
55–6414.1%
65+11.8%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
52.2%
28.6%
White52.2%
Black28.6%
Hispanic11.2%
Asian3.9%
Other4%
Education (25+)
13.5%
72.7%
No HS diploma5%
HS diploma8.8%
Some college13.5%
Bachelor's+72.7%
Housing tenure
74.9%
25.1%
Owner74.9%
Renter25.1%

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

2021 vs 2026

How ZIP 07040 in Maplewood, NJ has changed in 5 years

Income
$156,477 → $173,500
up 10.9%
Population
25,420 → 25,613
up 0.8%
Renter share
19.5% → 25.1%
+5.6 pts
Bachelor's+
68.8% → 72.7%
+3.9 pts
Median age
39.2 → 38.1
-1.1 yrs

Local incomes tracked alongside that move, going from a median of $156,477 in 2021 to $173,500 more recently. About 25.1% of households rent today, against 19.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 68.8% to 72.7%.

Community

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Local insights

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About renting in ZIP 07040

Last updated: July 20, 2026

ZIP code 07040 covers Maplewood, NJ. The median rent here is $2,705/mo as of July 2026. A 1-bedroom rents for a median of $2,360/mo. A 2-bedroom rents for a median of $2,860/mo.

At 19% of local median household income ($173,500/yr), ZIP 07040 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 07040?

As of July 20, 2026, the median monthly rent in ZIP 07040 (Maplewood, NJ) is $2,705. This is based on aggregated data from public sources and community submissions.

How does ZIP 07040 rent compare to the US average?

ZIP 07040's median rent of $2,705/mo is $740 (38%) above the US national median of $1,965/mo.

How does ZIP 07040 compare to other ZIPs in New Jersey?

ZIP 07040 falls in the middle range for New Jersey, ranking #77 out of 212 ZIPs at $2,705/mo.

How much income do you need to rent in ZIP 07040?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (~$52/hour full-time) to afford the median rent of $2,705/mo in ZIP 07040. The local median household income is $173,500/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07040?

Rent in ZIP 07040 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07040 an affordable place to rent?

ZIP 07040 is considered very affordable for renters. At $2,705/mo, rent takes approximately 19% of the local median household income ($173,500/yr). The standard benchmark is 30%. ZIP 07040 falls comfortably within that range.

What percentage of ZIP 07040 residents rent vs. own?

According to Census data, approximately 25.1% of ZIP 07040 households are renters, while 74.9% are owner-occupied. ZIP 07040 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07040 compare to the rest of Maplewood?

ZIP 07040 is more affordable than Maplewood overall. At $2,705/mo, it's $13 below the Maplewood citywide median of $2,718/mo.

When was rent data for ZIP 07040 last updated?

Rent data for ZIP 07040 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,705/mo, rent takes ~19% of ZIP 07040's median household income ($173,500/yr). The standard benchmark is 30%.

ZIP 07040 19%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07040 (Maplewood, NJ)

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