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ZIP Code · NJ

ZIP 07104

Part of Newark, NJ
Pop. 52,266·Essex County·195th most expensive ZIP in New Jersey
Median rent (all units)
$1,868/mo
Year-over-Year
-4.7%
Month-over-Month
-5.9%
vs US Median
-$97
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07104 · $1,868
More expensive than 53% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$22,416/yr
At $1,868/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.7% YoY, -5.9% 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

2021 vs 2026

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

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

Census figures show median household income at $53,978 today, compared with $45,070 five years earlier. 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.

Community

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Local insights

Tips for renters in ZIP 07104

About renting in ZIP 07104

Last updated: July 20, 2026

ZIP code 07104 covers Newark, NJ. The median rent here is $1,868/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 42% of local median household income ($53,978/yr), ZIP 07104 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07104?

As of July 20, 2026, the median monthly rent in ZIP 07104 (Newark, NJ) is $1,868. This is based on aggregated data from public sources and community submissions.

How does ZIP 07104 rent compare to the US average?

ZIP 07104's median rent of $1,868/mo is $97 (5%) below the US national median of $1,965/mo.

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

ZIP 07104 is among the more affordable ZIP codes in New Jersey, ranking #195 out of 212 ZIPs at $1,868/mo.

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 $75,000/year (~$36/hour full-time) to afford the median rent of $1,868/mo in ZIP 07104. The local median household income is $53,978/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07104?

Rent in ZIP 07104 has decreased 4.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07104 an affordable place to rent?

ZIP 07104 is considered stretched for renters. At $1,868/mo, rent takes approximately 42% of the local median household income ($53,978/yr). The standard benchmark is 30%. ZIP 07104 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07104 residents rent vs. own?

According to Census data, approximately 71.6% of ZIP 07104 households are renters, while 28.4% are owner-occupied. With a majority renter population, ZIP 07104 has a strong rental market.

How does ZIP 07104 compare to the rest of Newark?

ZIP 07104 is more affordable than Newark overall. At $1,868/mo, it's $262 below the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07104 last updated?

Rent data for ZIP 07104 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
42%
STRETCHED

At $1,868/mo, rent takes ~42% of ZIP 07104's median household income ($53,978/yr). The standard benchmark is 30%.

ZIP 07104 42%Benchmark 30%
State income tax1.4–10.75%
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