ZIP Code · NJ

ZIP 07107

Part of Newark, NJ

Pop. 43,293·Essex County·183rd most expensive ZIP in New Jersey

Median rent (all units)

$1,995/mo

Year-over-Year

+0.4%

Month-over-Month

+0.5%

vs US Median

+$63

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07107 · $1,995

More expensive than 61% 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 07107 is 1.2% below its high of $2,019 in July 2026, at $1,995 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07107 changed +0.4% 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 ($51,242) is $1,281 a month. That is less than HUD's Fair Market Rent for a studio ($1,400).

Rank in Newark

3rd cheapest of 9 ZIP codes in Newark.

From Zillow's monthly rent index (ZORI) for ZIP 07107. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,940/yr

At $1,995/mo median

Location

CityNewark

StateNJ

CountyEssex County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.4% YoY, +0.5% 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

2022 vs 2026

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

Rent

$1,617 → $1,995

up 23.4%

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

Rent in ZIP 07107 in Newark, NJ has climbed 23.4% since 2022, going from about $1,617 per month to roughly $1,995 today. Median household income grew from $39,375 to $51,242 between 2021 and 2024, a 30.1% shift. Income growth outran rent by about 6.7 percentage points, easing the affordability math somewhat compared with 2021. 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. Taken together, the five-year picture in ZIP 07107 in Newark, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

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About renting in ZIP 07107

Last updated: October 17, 2026

ZIP code 07107 covers Newark, NJ. The median rent here is $1,995/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 47% of local median household income ($51,242/yr), ZIP 07107 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.4% over the past year.

FAQ

Frequently asked questions

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 (about $38/hour full-time) to afford the median rent of $1,995/mo in ZIP 07107. The local median household income is $51,242/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07107?

Rent in ZIP 07107 has been roughly flat over the past year as of September 2026, a +0.4% change. It sits 1.2% below its high of $2,019 in July 2026.

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

ZIP 07107 is one of the more affordable among New Jersey ZIP codes for rent, ranking #183 of 209 at $1,995/mo. Over the year to September 2026, rent in ZIP 07107 changed +0.4%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.