ZIP Code · NJ

ZIP 07050

Part of Orange, NJ

Pop. 34,181·Essex County·188th most expensive ZIP in New Jersey

Median rent (all units)

$1,970/mo

Year-over-Year

-1.1%

Month-over-Month

+0.9%

vs US Median

+$38

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07050 · $1,970

More expensive than 60% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,600

1 BR

$1,810

2 BR

$2,190

3 BR

$2,740

4 BR+

$3,120

Research median

$2,190/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 07050 is 3% below its high of $2,030 in May 2026, at $1,970 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07050 changed -1.1% 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 7 of the last 12 months.

What a typical income covers

30% of the median household income ($52,563) is $1,314 a month. That is less than HUD's Fair Market Rent for a studio ($1,600).

From Zillow's monthly rent index (ZORI) for ZIP 07050. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,640/yr

At $1,970/mo median

Location

CityOrange

StateNJ

CountyEssex 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 (-1.1% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 07050 (Orange, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 22.6% of residents hold a bachelor's degree or higher.

Population

34,181

Median income

$52,563

Median age

34.7

Renters

74.5%

Age distribution

26.6%

23.9%

26.2%

14.6%

Under 1826.6%

18–3423.9%

35–5426.2%

55–648.7%

65+14.6%

Gender

45.8%

54.2%

Male45.8%

Female54.2%

Race & ethnicity

54.7%

34.9%

White8.5%

Black54.7%

Hispanic34.9%

Asian2.1%

Education (25+)

21.5%

35%

20.9%

22.6%

No HS diploma21.5%

HS diploma35%

Some college20.9%

Bachelor's+22.6%

Housing tenure

25.5%

74.5%

Owner25.5%

Renter74.5%

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

2023 vs 2026

How ZIP 07050 in Orange, NJ has changed in 5 years

Rent

$1,772 → $1,970

up 11.2%

Income

$48,504 → $52,563

up 8.4%

Population

33,505 → 34,181

up 2.0%

Renter share

78.1% → 74.5%

-3.6 pts

Bachelor's+

20.9% → 22.6%

+1.7 pts

Median age

35.3 → 34.7

-0.6 yrs

Since 2023, the typical rent in ZIP 07050 in Orange, NJ has increased from $1,772 to $1,970, a 11.2% change over five years. Local incomes tracked alongside that move, going from a median of $48,504 in 2021 to $52,563 more recently. The population has grown by 2.0% since 2021, moving from about 33,505 residents to roughly 34,181. Renters now make up 74.5% of households, compared with 78.1% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 07050 in Orange, NJ market of 2023.

Community

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About renting in ZIP 07050

Last updated: October 17, 2026

ZIP code 07050 covers Orange, NJ. The median rent here is $1,970/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,190/mo.

At 45% of local median household income ($52,563/yr), ZIP 07050 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07050?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,970/mo in ZIP 07050. The local median household income is $52,563/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07050?

Rent in ZIP 07050 has fallen 1.1% over the past year as of September 2026. It sits 3% below its high of $2,030 in May 2026.

How does ZIP 07050 compare to other ZIPs in New Jersey?

ZIP 07050 is one of the more affordable among New Jersey ZIP codes for rent, ranking #188 of 209 at $1,970/mo. Over the year to September 2026, rent in ZIP 07050 changed -1.1%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.