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ZIP Code · NJ

ZIP 07107

Part of Newark, NJ
Pop. 43,293·Essex County·182nd most expensive ZIP in New Jersey
Median rent (all units)
$1,994/mo
Year-over-Year
-6.6%
Month-over-Month
-0.3%
vs US Median
+$29
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 07107 · $1,994
More expensive than 60% 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
$23,928/yr
At $1,994/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.6% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 07107 (Newark, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 12.9% of residents hold a bachelor's degree or higher.

Population
43,293
Median income
$51,242
Median age
35.2
Renters
70.9%
Age distribution
27.9%
21.9%
27.2%
Under 1827.9%
18–3421.9%
35–5427.2%
55–6411.7%
65+11.4%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
33%
55.2%
White9.1%
Black33%
Hispanic55.2%
Asian1%
Other1.7%
Education (25+)
22.1%
42.8%
22.1%
12.9%
No HS diploma22.1%
HS diploma42.8%
Some college22.1%
Bachelor's+12.9%
Housing tenure
29.1%
70.9%
Owner29.1%
Renter70.9%

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

2021 vs 2026

How ZIP 07107 in Newark, NJ has changed in 5 years

Income
$39,375 → $51,242
up 30.1%
Population
41,999 → 43,293
up 3.1%
Renter share
73.5% → 70.9%
-2.6 pts
Bachelor's+
11.2% → 12.9%
+1.7 pts

Median household income grew from $39,375 to $51,242 between 2021 and 2024, a 30.1% shift. Headcount in the area went from 41,999 to 43,293 between 2021 and 2024, a 3.1% change. About 70.9% of households rent today, against 73.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 07107

About renting in ZIP 07107

Last updated: July 20, 2026

ZIP code 07107 covers Newark, NJ. The median rent here is $1,994/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 47% of local median household income ($51,242/yr), ZIP 07107 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 6.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07107?

As of July 20, 2026, the median monthly rent in ZIP 07107 (Newark, NJ) is $1,994. This is based on aggregated data from public sources and community submissions.

How does ZIP 07107 rent compare to the US average?

ZIP 07107's median rent of $1,994/mo is $29 (1%) above the US national median of $1,965/mo.

How does ZIP 07107 compare to other ZIPs in New Jersey?

ZIP 07107 is among the more affordable ZIP codes in New Jersey, ranking #182 out of 212 ZIPs at $1,994/mo.

How much income do you need to rent in ZIP 07107?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $1,994/mo in ZIP 07107. The local median household income is $51,242/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07107?

Rent in ZIP 07107 has decreased 6.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07107 an affordable place to rent?

ZIP 07107 is considered stretched for renters. At $1,994/mo, rent takes approximately 47% of the local median household income ($51,242/yr). The standard benchmark is 30%. ZIP 07107 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07107 residents rent vs. own?

According to Census data, approximately 70.9% of ZIP 07107 households are renters, while 29.1% are owner-occupied. With a majority renter population, ZIP 07107 has a strong rental market.

How does ZIP 07107 compare to the rest of Newark?

ZIP 07107 is more affordable than Newark overall. At $1,994/mo, it's $136 below the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07107 last updated?

Rent data for ZIP 07107 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
47%
STRETCHED

At $1,994/mo, rent takes ~47% of ZIP 07107's median household income ($51,242/yr). The standard benchmark is 30%.

ZIP 07107 47%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

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Recent submissions

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