ZIP Code · NJ

ZIP 07102

Part of Newark, NJ

Pop. 12,358·Essex County·123rd most expensive ZIP in New Jersey

Median rent (all units)

$2,418/mo

Year-over-Year

+1.7%

Month-over-Month

+0.8%

vs US Median

+$486

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07102 · $2,418

More expensive than 78% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 07102 usually run 0.9% below trend in January and 1.4% above it in August, about $56 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 07102 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of New Jersey

Rent in ZIP 07102 changed +1.7% 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 risen 3 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($38,864) is $972 a month. That is less than HUD's Fair Market Rent for a studio ($1,410).

Rank in Newark

9th cheapest of 9 ZIP codes in Newark.

Cheaper nearby

ZIP 07103, 1 mile away, rents for 11% less ($2,149/mo), about $3,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07102. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,016/yr

At $2,418/mo median

Location

CityNewark

StateNJ

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.7% YoY, +0.8% 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

$1,989 → $2,418

up 21.6%

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 $1,989 a month. That figure now sits near $2,418, up 21.6% 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. 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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About renting in ZIP 07102

Last updated: October 17, 2026

ZIP code 07102 covers Newark, NJ. The median rent here is $2,418/mo as of October 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,930/mo.

At 75% of local median household income ($38,864/yr), ZIP 07102 ranks as expensive compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

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 $97,000/year (about $47/hour full-time) to afford the median rent of $2,418/mo in ZIP 07102. The local median household income is $38,864/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07102?

Rent in ZIP 07102 has risen 1.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 07102?

Asking rents in ZIP 07102 are usually lowest in January, about 0.9% below their yearly trend, and highest in August, about 1.4% above it. At today's median that is a gap of roughly $56 a month. This pattern comes from 5 years of Zillow rent data.

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

ZIP 07102 is in the middle among New Jersey ZIP codes for rent, ranking #123 of 209 at $2,418/mo. Over the year to September 2026, rent in ZIP 07102 changed +1.7%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.