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ZIP Code · NJ

ZIP 07114

Part of Newark, NJ
Pop. 13,670·Essex County·163rd most expensive ZIP in New Jersey
Median rent (all units)
$2,138/mo
Year-over-Year
+19.2%
Month-over-Month
+0.2%
vs US Median
+$173
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 07114 · $2,138
More expensive than 67% 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
$25,656/yr
At $2,138/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 19.2% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+19.2% YoY, +0.2% 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.

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About renting in ZIP 07114

Last updated: July 20, 2026

ZIP code 07114 covers Newark, NJ. The median rent here is $2,138/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 71% of local median household income ($36,019/yr), ZIP 07114 ranks as expensive compared to the national benchmark of 30%. Rents have increased 19.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07114?

As of July 20, 2026, the median monthly rent in ZIP 07114 (Newark, NJ) is $2,138. This is based on aggregated data from public sources and community submissions.

How does ZIP 07114 rent compare to the US average?

ZIP 07114's median rent of $2,138/mo is $173 (9%) above the US national median of $1,965/mo.

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

ZIP 07114 is among the more affordable ZIP codes in New Jersey, ranking #163 out of 212 ZIPs at $2,138/mo.

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 $86,000/year (~$41/hour full-time) to afford the median rent of $2,138/mo in ZIP 07114. The local median household income is $36,019/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07114?

Rent in ZIP 07114 has increased 19.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07114 an affordable place to rent?

ZIP 07114 is considered expensive for renters. At $2,138/mo, rent takes approximately 71% of the local median household income ($36,019/yr). The standard benchmark is 30%. ZIP 07114 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07114 residents rent vs. own?

According to Census data, approximately 79.7% of ZIP 07114 households are renters, while 20.3% are owner-occupied. With a majority renter population, ZIP 07114 has a strong rental market.

How does ZIP 07114 compare to the rest of Newark?

ZIP 07114 is pricier than Newark as a whole. At $2,138/mo, it's $8 above the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07114 last updated?

Rent data for ZIP 07114 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
71%
EXPENSIVE

At $2,138/mo, rent takes ~71% of ZIP 07114's median household income ($36,019/yr). The standard benchmark is 30%.

ZIP 07114 71%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

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