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ZIP Code · NJ

ZIP 07108

Part of Newark, NJ
Pop. 28,790·Essex County·169th most expensive ZIP in New Jersey
Median rent (all units)
$2,097/mo
Year-over-Year
+1.3%
Month-over-Month
+1.0%
vs US Median
+$132
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07108 · $2,097
More expensive than 65% 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
$25,164/yr
At $2,097/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.3% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 07108 (Newark, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 18.4% of residents hold a bachelor's degree or higher.

Population
28,790
Median income
$36,200
Median age
32.8
Renters
81%
Age distribution
30.1%
23%
27.5%
Under 1830.1%
18–3423%
35–5427.5%
55–649.5%
65+9.9%
Gender
46.7%
53.3%
Male46.7%
Female53.3%
Race & ethnicity
76.2%
18.1%
White2.4%
Black76.2%
Hispanic18.1%
Asian0.6%
Other2.7%
Education (25+)
12.6%
38.1%
30.8%
18.4%
No HS diploma12.6%
HS diploma38.1%
Some college30.8%
Bachelor's+18.4%
Housing tenure
19%
81%
Owner19%
Renter81%

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

2021 vs 2026

How ZIP 07108 in Newark, NJ has changed in 5 years

Income
$29,657 → $36,200
up 22.1%
Population
28,267 → 28,790
up 1.9%
Renter share
83.6% → 81%
-2.6 pts
Bachelor's+
15.4% → 18.4%
+3.0 pts

Median household income grew from $29,657 to $36,200 between 2021 and 2024, a 22.1% shift. Headcount in the area went from 28,267 to 28,790 between 2021 and 2024, a 1.9% change. About 81% of households rent today, against 83.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 15.4% to 18.4%.

Community

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Local insights

Tips for renters in ZIP 07108

About renting in ZIP 07108

Last updated: July 20, 2026

ZIP code 07108 covers Newark, NJ. The median rent here is $2,097/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 70% of local median household income ($36,200/yr), ZIP 07108 ranks as expensive compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07108?

As of July 20, 2026, the median monthly rent in ZIP 07108 (Newark, NJ) is $2,097. This is based on aggregated data from public sources and community submissions.

How does ZIP 07108 rent compare to the US average?

ZIP 07108's median rent of $2,097/mo is $132 (7%) above the US national median of $1,965/mo.

How does ZIP 07108 compare to other ZIPs in New Jersey?

ZIP 07108 is among the more affordable ZIP codes in New Jersey, ranking #169 out of 212 ZIPs at $2,097/mo.

How much income do you need to rent in ZIP 07108?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,097/mo in ZIP 07108. The local median household income is $36,200/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07108?

Rent in ZIP 07108 has increased 1.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07108 an affordable place to rent?

ZIP 07108 is considered expensive for renters. At $2,097/mo, rent takes approximately 70% of the local median household income ($36,200/yr). The standard benchmark is 30%. ZIP 07108 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07108 residents rent vs. own?

According to Census data, approximately 81% of ZIP 07108 households are renters, while 19% are owner-occupied. With a majority renter population, ZIP 07108 has a strong rental market.

How does ZIP 07108 compare to the rest of Newark?

ZIP 07108 is more affordable than Newark overall. At $2,097/mo, it's $33 below the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07108 last updated?

Rent data for ZIP 07108 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
70%
EXPENSIVE

At $2,097/mo, rent takes ~70% of ZIP 07108's median household income ($36,200/yr). The standard benchmark is 30%.

ZIP 07108 70%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07108 (Newark, NJ)

Recent submissions

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