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ZIP Code · NJ

ZIP 07055

Part of Passaic, NJ
Pop. 70,002·Passaic County·169th most expensive ZIP in New Jersey
Median rent (all units)
$2,097/mo
Year-over-Year
-5.2%
Month-over-Month
+2.0%
vs US Median
+$132
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07055 · $2,097
More expensive than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,650
2 BR
$1,890
3 BR
$2,310
4 BR+
$2,940
Research median
$1,890/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
$25,164/yr
At $2,097/mo median
Location
StateNJ
CountyPassaic 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 (-5.2% YoY, +2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 07055 (Passaic, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 16.7% of residents hold a bachelor's degree or higher.

Population
70,002
Median income
$55,371
Median age
31.9
Renters
76.2%
Age distribution
30.1%
23.7%
26.6%
Under 1830.1%
18–3423.7%
35–5426.6%
55–649.3%
65+10.4%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
17.7%
73.3%
White17.7%
Black7.3%
Hispanic73.3%
Asian4.5%
Education (25+)
32.4%
36.9%
14%
16.7%
No HS diploma32.4%
HS diploma36.9%
Some college14%
Bachelor's+16.7%
Housing tenure
23.8%
76.2%
Owner23.8%
Renter76.2%

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

2021 vs 2026

How ZIP 07055 in Passaic, NJ has changed in 5 years

Income
$49,436 → $55,371
up 12.0%
Population
70,308 → 70,002
down 0.4%
Renter share
78.7% → 76.2%
-2.5 pts
Bachelor's+
15.9% → 16.7%
+0.8 pts
Median age
30 → 31.9
+1.9 yrs

Median household income climbed from $49,436 to $55,371 between 2021 and 2024, a 12.0% shift. The renter share has eased from 78.7% to 76.2%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 07055

Last updated: July 20, 2026

ZIP code 07055 covers Passaic, NJ. The median rent here is $2,097/mo as of July 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $1,890/mo.

At 45% of local median household income ($55,371/yr), ZIP 07055 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07055?

As of July 20, 2026, the median monthly rent in ZIP 07055 (Passaic, NJ) is $2,097. This is based on aggregated data from public sources and community submissions.

How does ZIP 07055 rent compare to the US average?

ZIP 07055's median rent of $2,097/mo is $132 (7%) above the US national median of $1,965/mo.

How does ZIP 07055 compare to other ZIPs in New Jersey?

ZIP 07055 is among the more affordable ZIP codes in New Jersey, ranking #169 out of 212 ZIPs at $2,097/mo.

How much income do you need to rent in ZIP 07055?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,097/mo in ZIP 07055. The local median household income is $55,371/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07055?

Rent in ZIP 07055 has decreased 5.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07055 an affordable place to rent?

ZIP 07055 is considered stretched for renters. At $2,097/mo, rent takes approximately 45% of the local median household income ($55,371/yr). The standard benchmark is 30%. ZIP 07055 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07055 residents rent vs. own?

According to Census data, approximately 76.2% of ZIP 07055 households are renters, while 23.8% are owner-occupied. With a majority renter population, ZIP 07055 has a strong rental market.

How does ZIP 07055 compare to the rest of Passaic?

ZIP 07055 sits right at the Passaic citywide median of $2,097/mo.

When was rent data for ZIP 07055 last updated?

Rent data for ZIP 07055 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
45%
STRETCHED

At $2,097/mo, rent takes ~45% of ZIP 07055's median household income ($55,371/yr). The standard benchmark is 30%.

ZIP 07055 45%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07055 (Passaic, NJ)

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