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ZIP Code · NJ

ZIP 07106

Part of Newark, NJ
Pop. 36,383·Essex County·178th most expensive ZIP in New Jersey
Median rent (all units)
$2,029/mo
Year-over-Year
-5.1%
Month-over-Month
-2.5%
vs US Median
+$64
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07106 · $2,029
More expensive than 62% 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
$24,348/yr
At $2,029/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.1% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.1% YoY, -2.5% MoM), not inventory.
Demographics

Who lives here

ZIP 07106 (Newark, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 20% of residents hold a bachelor's degree or higher.

Population
36,383
Median income
$53,440
Median age
35.4
Renters
64.6%
Age distribution
25.2%
24.5%
25.3%
12.2%
12.7%
Under 1825.2%
18–3424.5%
35–5425.3%
55–6412.2%
65+12.7%
Gender
45.3%
54.7%
Male45.3%
Female54.7%
Race & ethnicity
72.8%
16.5%
White3.1%
Black72.8%
Hispanic16.5%
Asian4.1%
Other3.6%
Education (25+)
15.3%
38%
26.7%
20%
No HS diploma15.3%
HS diploma38%
Some college26.7%
Bachelor's+20%
Housing tenure
35.4%
64.6%
Owner35.4%
Renter64.6%

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

2021 vs 2026

How ZIP 07106 in Newark, NJ has changed in 5 years

Income
$43,288 → $53,440
up 23.5%
Population
35,724 → 36,383
up 1.8%
Renter share
67.3% → 64.6%
-2.7 pts
Bachelor's+
18.4% → 20%
+1.6 pts
Median age
36.2 → 35.4
-0.8 yrs

On the earnings side, the typical household in ZIP 07106 in Newark, NJ now reports about $53,440, up from $43,288 in 2021. Headcount in the area went from 35,724 to 36,383 between 2021 and 2024, a 1.8% change. About 64.6% of households rent today, against 67.3% in 2021.

Community

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Local insights

Tips for renters in ZIP 07106

About renting in ZIP 07106

Last updated: July 20, 2026

ZIP code 07106 covers Newark, NJ. The median rent here is $2,029/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 46% of local median household income ($53,440/yr), ZIP 07106 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07106?

As of July 20, 2026, the median monthly rent in ZIP 07106 (Newark, NJ) is $2,029. This is based on aggregated data from public sources and community submissions.

How does ZIP 07106 rent compare to the US average?

ZIP 07106's median rent of $2,029/mo is $64 (3%) above the US national median of $1,965/mo.

How does ZIP 07106 compare to other ZIPs in New Jersey?

ZIP 07106 is among the more affordable ZIP codes in New Jersey, ranking #178 out of 212 ZIPs at $2,029/mo.

How much income do you need to rent in ZIP 07106?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,029/mo in ZIP 07106. The local median household income is $53,440/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07106?

Rent in ZIP 07106 has decreased 5.1% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07106 an affordable place to rent?

ZIP 07106 is considered stretched for renters. At $2,029/mo, rent takes approximately 46% of the local median household income ($53,440/yr). The standard benchmark is 30%. ZIP 07106 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07106 residents rent vs. own?

According to Census data, approximately 64.6% of ZIP 07106 households are renters, while 35.4% are owner-occupied. With a majority renter population, ZIP 07106 has a strong rental market.

How does ZIP 07106 compare to the rest of Newark?

ZIP 07106 is more affordable than Newark overall. At $2,029/mo, it's $101 below the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07106 last updated?

Rent data for ZIP 07106 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
46%
STRETCHED

At $2,029/mo, rent takes ~46% of ZIP 07106's median household income ($53,440/yr). The standard benchmark is 30%.

ZIP 07106 46%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

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