ZIP Code · NJ

ZIP 07104

Part of Newark, NJ

Pop. 52,266·Essex County·177th most expensive ZIP in New Jersey

Median rent (all units)

$2,016/mo

Year-over-Year

+3.3%

Month-over-Month

-0.3%

vs US Median

+$84

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07104 · $2,016

More expensive than 62% 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

$1,400

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

Compared with the peak

Rent in ZIP 07104 is 0.3% below its high of $2,022 in August 2026, at $2,016 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07104 changed +3.3% 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 ($53,978) is $1,349 a month. That is less than HUD's Fair Market Rent for a studio ($1,400).

Rank in Newark

4th cheapest of 9 ZIP codes in Newark.

Cheaper nearby

ZIP 07501, 10 miles away, rents for 11% less ($1,796/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07104. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$24,192/yr

At $2,016/mo median

Location

CityNewark

StateNJ

CountyEssex County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 07104 (Newark, NJ) is majority renter-occupied, has a median income below the national average, 24.7% of residents hold a bachelor's degree or higher.

Population

52,266

Median income

$53,978

Median age

36.5

Renters

71.6%

Age distribution

24.5%

23.6%

25.8%

13.1%

13%

Under 1824.5%

18–3423.6%

35–5425.8%

55–6413.1%

65+13%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

16.4%

24.7%

65.5%

White16.4%

Black24.7%

Hispanic65.5%

Asian0.7%

Education (25+)

26.1%

29.3%

19.9%

24.7%

No HS diploma26.1%

HS diploma29.3%

Some college19.9%

Bachelor's+24.7%

Housing tenure

28.4%

71.6%

Owner28.4%

Renter71.6%

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

2022 vs 2026

How ZIP 07104 in Newark, NJ has changed in 5 years

Rent

$1,527 → $2,016

up 32.0%

Income

$45,070 → $53,978

up 19.8%

Population

54,736 → 52,266

down 4.5%

Renter share

74.3% → 71.6%

-2.7 pts

Bachelor's+

18.1% → 24.7%

+6.6 pts

Median age

34.2 → 36.5

+2.3 yrs

Five years ago, renters in ZIP 07104 in Newark, NJ paid around $1,527 a month. That figure now sits near $2,016, up 32.0% from the 2022 baseline. Census figures show median household income at $53,978 today, compared with $45,070 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 07104 in Newark, NJ losing about 2,470 residents over the five-year window, down 4.5% on net. The renter share has eased from 74.3% to 71.6%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 18.1% to 24.7% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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About renting in ZIP 07104

Last updated: October 17, 2026

ZIP code 07104 covers Newark, NJ. The median rent here is $2,016/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 45% of local median household income ($53,978/yr), ZIP 07104 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07104?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (about $39/hour full-time) to afford the median rent of $2,016/mo in ZIP 07104. The local median household income is $53,978/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07104?

Rent in ZIP 07104 has risen 3.3% over the past year as of September 2026. It sits 0.3% below its high of $2,022 in August 2026.

How does ZIP 07104 compare to other ZIPs in New Jersey?

ZIP 07104 is one of the more affordable among New Jersey ZIP codes for rent, ranking #177 of 209 at $2,016/mo. Over the year to September 2026, rent in ZIP 07104 changed +3.3%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.