ZIP Code · NJ

ZIP 07114

Part of Newark, NJ

Pop. 13,670·Essex County·191st most expensive ZIP in New Jersey

Median rent (all units)

$1,926/mo

Year-over-Year

-0.9%

Month-over-Month

-0.1%

vs US Median

-$6

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07114 · $1,926

More expensive than 57% 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

Past year vs. the rest of New Jersey

Rent in ZIP 07114 changed -0.9% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has fallen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($36,019) is $900 a month. That is less than HUD's Fair Market Rent for a studio ($1,400).

Rank in Newark

1st cheapest of 9 ZIP codes in Newark.

From Zillow's monthly rent index (ZORI) for ZIP 07114. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,112/yr

At $1,926/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 (-0.9% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 07114 (Newark, NJ) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 11.7% of residents hold a bachelor's degree or higher.

Population

13,670

Median income

$36,019

Median age

35.7

Renters

79.7%

Age distribution

17%

31.3%

28.2%

13.4%

Under 1817%

18–3431.3%

35–5428.2%

55–6413.4%

65+10.1%

Gender

61.8%

38.2%

Male61.8%

Female38.2%

Race & ethnicity

14.8%

46.3%

33.9%

White14.8%

Black46.3%

Hispanic33.9%

Asian1.8%

Other3.2%

Education (25+)

28.2%

41.9%

18.2%

No HS diploma28.2%

HS diploma41.9%

Some college18.2%

Bachelor's+11.7%

Housing tenure

20.3%

79.7%

Owner20.3%

Renter79.7%

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

2021 vs 2026

How ZIP 07114 in Newark, NJ has changed in 5 years

Income

$25,042 → $36,019

up 43.8%

Population

13,617 → 13,670

up 0.4%

Renter share

82% → 79.7%

-2.3 pts

Bachelor's+

7.2% → 11.7%

+4.5 pts

Median age

39.7 → 35.7

-4.0 yrs

On the earnings side, the typical household in ZIP 07114 in Newark, NJ now reports about $36,019, up from $25,042 in 2021. The renter share has eased from 82% to 79.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 7.2% to 11.7% across the same window.

Community

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Local insights

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About renting in ZIP 07114

Last updated: October 17, 2026

ZIP code 07114 covers Newark, NJ. The median rent here is $1,926/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 64% of local median household income ($36,019/yr), ZIP 07114 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07114?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,926/mo in ZIP 07114. The local median household income is $36,019/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07114?

Rent in ZIP 07114 has fallen 0.9% over the past year.

How does ZIP 07114 compare to other ZIPs in New Jersey?

ZIP 07114 is one of the more affordable among New Jersey ZIP codes for rent, ranking #191 of 209 at $1,926/mo. Over the year to September 2026, rent in ZIP 07114 changed -0.9%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.