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ZIP Code · NJ

ZIP 07112

Part of Newark, NJ
Pop. 29,456·Essex County·172nd most expensive ZIP in New Jersey
Median rent (all units)
$2,093/mo
Year-over-Year
Stable
Month-over-Month
+2.3%
vs US Median
+$128
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07112 · $2,093
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
$25,116/yr
At $2,093/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-0.1% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 07112 (Newark, NJ) is majority renter-occupied, has a median income below the national average, 21.7% of residents hold a bachelor's degree or higher.

Population
29,456
Median income
$58,200
Median age
36
Renters
70.9%
Age distribution
24%
24.8%
26.6%
13.6%
Under 1824%
18–3424.8%
35–5426.6%
55–6413.6%
65+11%
Gender
45.9%
54.1%
Male45.9%
Female54.1%
Race & ethnicity
85.6%
White2.6%
Black85.6%
Hispanic10.5%
Asian0.9%
Education (25+)
12.2%
37.7%
28.4%
21.7%
No HS diploma12.2%
HS diploma37.7%
Some college28.4%
Bachelor's+21.7%
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 07112 in Newark, NJ has changed in 5 years

Income
$45,540 → $58,200
up 27.8%
Population
26,684 → 29,456
up 10.4%
Renter share
72% → 70.9%
-1.1 pts
Bachelor's+
18.3% → 21.7%
+3.4 pts

Median household income climbed from $45,540 to $58,200 between 2021 and 2024, a 27.8% shift. Census counts show ZIP 07112 in Newark, NJ adding about 2,772 residents over the five-year window, up 10.4% on net. Bachelor's-degree-or-higher attainment moved from 18.3% to 21.7% across the same window.

Community

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Local insights

Tips for renters in ZIP 07112

About renting in ZIP 07112

Last updated: July 20, 2026

ZIP code 07112 covers Newark, NJ. The median rent here is $2,093/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 43% of local median household income ($58,200/yr), ZIP 07112 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07112?

As of July 20, 2026, the median monthly rent in ZIP 07112 (Newark, NJ) is $2,093. This is based on aggregated data from public sources and community submissions.

How does ZIP 07112 rent compare to the US average?

ZIP 07112's median rent of $2,093/mo is $128 (7%) above the US national median of $1,965/mo.

How does ZIP 07112 compare to other ZIPs in New Jersey?

ZIP 07112 is among the more affordable ZIP codes in New Jersey, ranking #172 out of 212 ZIPs at $2,093/mo.

How much income do you need to rent in ZIP 07112?

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 $2,093/mo in ZIP 07112. The local median household income is $58,200/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07112?

Rent in ZIP 07112 has been relatively stable over the past year, with a 0.1% change year over year as of July 20, 2026.

Is ZIP 07112 an affordable place to rent?

ZIP 07112 is considered stretched for renters. At $2,093/mo, rent takes approximately 43% of the local median household income ($58,200/yr). The standard benchmark is 30%. ZIP 07112 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07112 residents rent vs. own?

According to Census data, approximately 70.9% of ZIP 07112 households are renters, while 29.1% are owner-occupied. With a majority renter population, ZIP 07112 has a strong rental market.

How does ZIP 07112 compare to the rest of Newark?

ZIP 07112 is more affordable than Newark overall. At $2,093/mo, it's $37 below the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07112 last updated?

Rent data for ZIP 07112 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
43%
STRETCHED

At $2,093/mo, rent takes ~43% of ZIP 07112's median household income ($58,200/yr). The standard benchmark is 30%.

ZIP 07112 43%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07112 (Newark, NJ)

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