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ZIP Code · NJ

ZIP 07102

Part of Newark, NJ
Pop. 12,358·Essex County·116th most expensive ZIP in New Jersey
Median rent (all units)
$2,529/mo
Year-over-Year
+2.0%
Month-over-Month
-2.2%
vs US Median
+$564
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07102 · $2,529
More expensive than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,600
2 BR
$1,930
3 BR
$2,430
4 BR+
$2,760
Research median
$1,930/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
$30,348/yr
At $2,529/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 2.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+2.0% YoY, -2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 07102 (Newark, NJ) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 37.2% of residents hold a bachelor's degree or higher.

Population
12,358
Median income
$38,864
Median age
33.7
Renters
94%
Age distribution
13.1%
38.8%
23.8%
14.1%
Under 1813.1%
18–3438.8%
35–5423.8%
55–6410.1%
65+14.1%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
16.7%
50.4%
19.4%
White16.7%
Black50.4%
Hispanic19.4%
Asian8.6%
Other5%
Education (25+)
15.4%
29.3%
18.2%
37.2%
No HS diploma15.4%
HS diploma29.3%
Some college18.2%
Bachelor's+37.2%
Housing tenure
94%
Owner6%
Renter94%

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

2021 vs 2026

How ZIP 07102 in Newark, NJ has changed in 5 years

Rent
$2,038 → $2,529
up 24.1%
Income
$32,375 → $38,864
up 20.0%
Population
13,585 → 12,358
down 9.0%
Renter share
91.7% → 94%
+2.3 pts
Bachelor's+
25.5% → 37.2%
+11.7 pts

Five years ago, renters in ZIP 07102 in Newark, NJ paid around $2,038 a month. That figure now sits near $2,529, up 24.1% from the 2021 baseline. On the earnings side, the typical household in ZIP 07102 in Newark, NJ now reports about $38,864, up from $32,375 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 07102 in Newark, NJ losing about 1,227 residents over the five-year window, down 9.0% on net. The renter share has risen from 91.7% to 94%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 25.5% to 37.2% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 07102 in Newark, NJ reflects that arc in its own way.

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Local insights

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About renting in ZIP 07102

Last updated: July 20, 2026

ZIP code 07102 covers Newark, NJ. The median rent here is $2,529/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,930/mo.

At 78% of local median household income ($38,864/yr), ZIP 07102 ranks as expensive compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07102?

As of July 20, 2026, the median monthly rent in ZIP 07102 (Newark, NJ) is $2,529. This is based on aggregated data from public sources and community submissions.

How does ZIP 07102 rent compare to the US average?

ZIP 07102's median rent of $2,529/mo is $564 (29%) above the US national median of $1,965/mo.

How does ZIP 07102 compare to other ZIPs in New Jersey?

ZIP 07102 falls in the middle range for New Jersey, ranking #116 out of 212 ZIPs at $2,529/mo.

How much income do you need to rent in ZIP 07102?

To keep rent at or below 30% of gross income, you would need to earn at least $101,000/year (~$49/hour full-time) to afford the median rent of $2,529/mo in ZIP 07102. The local median household income is $38,864/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07102?

Rent in ZIP 07102 has increased 2.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07102 an affordable place to rent?

ZIP 07102 is considered expensive for renters. At $2,529/mo, rent takes approximately 78% of the local median household income ($38,864/yr). The standard benchmark is 30%. ZIP 07102 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07102 residents rent vs. own?

According to Census data, approximately 94% of ZIP 07102 households are renters, while 6% are owner-occupied. With a majority renter population, ZIP 07102 has a strong rental market.

How does ZIP 07102 compare to the rest of Newark?

ZIP 07102 is pricier than Newark as a whole. At $2,529/mo, it's $399 above the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07102 last updated?

Rent data for ZIP 07102 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
78%
EXPENSIVE

At $2,529/mo, rent takes ~78% of ZIP 07102's median household income ($38,864/yr). The standard benchmark is 30%.

ZIP 07102 78%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07102 (Newark, NJ)

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