ZIP Code · NJ

ZIP 07055

Part of Passaic, NJ

Pop. 70,002·Passaic County·175th most expensive ZIP in New Jersey

Median rent (all units)

$2,055/mo

Year-over-Year

-2.0%

Month-over-Month

-1.1%

vs US Median

+$123

Reported rents

Falling (Monthly)

Be the first to discuss 07055 rents ↓

Most AffordableMost Expensive

ZIP 07055 · $2,055

More expensive than 64% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 07055 changed -2.0% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has fallen 5 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($55,371) is $1,384 a month. That is less than HUD's Fair Market Rent for a studio ($1,450).

Cheaper nearby

ZIP 07501, 4 miles away, rents for 13% less ($1,796/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07055. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,660/yr

At $2,055/mo median

Location

CityPassaic

StateNJ

CountyPassaic County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.0% YoY, -1.1% 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

Discussions about ZIP 07055

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 07055

About renting in ZIP 07055

Last updated: October 17, 2026

ZIP code 07055 covers Passaic, NJ. The median rent here is $2,055/mo as of October 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 2.0% over the past year.

FAQ

Frequently asked questions

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 $82,000/year (about $39/hour full-time) to afford the median rent of $2,055/mo in ZIP 07055. The local median household income is $55,371/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07055?

Rent in ZIP 07055 has fallen 2.0% over the past year.

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

ZIP 07055 is one of the more affordable among New Jersey ZIP codes for rent, ranking #175 of 209 at $2,055/mo. Over the year to September 2026, rent in ZIP 07055 changed -2.0%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.