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ZIP Code · NJ

ZIP 07208

Pop. 31,937·Union County·193rd most expensive ZIP in New Jersey
Median rent (all units)
$1,880/mo
Year-over-Year
Stable
Month-over-Month
-10.8%
vs US Median
-$85
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07208 · $1,880
More expensive than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,690
2 BR
$2,050
3 BR
$2,570
4 BR+
$2,920
Research median
$2,050/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
$22,560/yr
At $1,880/mo median
Location
StateNJ
CountyUnion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -10.8% MoM), not inventory.
Demographics

Who lives here

ZIP 07208 (Elizabeth, NJ) is majority renter-occupied, has a median income below the national average, 22.5% of residents hold a bachelor's degree or higher.

Population
31,937
Median income
$65,511
Median age
37.9
Renters
72%
Age distribution
23%
22%
30.1%
13%
Under 1823%
18–3422%
35–5430.1%
55–6411.8%
65+13%
Gender
51.8%
48.2%
Male51.8%
Female48.2%
Race & ethnicity
31.5%
17.1%
60.6%
White31.5%
Black17.1%
Hispanic60.6%
Asian2.7%
Education (25+)
19.1%
37.7%
20.7%
22.5%
No HS diploma19.1%
HS diploma37.7%
Some college20.7%
Bachelor's+22.5%
Housing tenure
28%
72%
Owner28%
Renter72%

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

2021 vs 2026

How ZIP 07208 in Elizabeth, NJ has changed in 5 years

Income
$54,683 → $65,511
up 19.8%
Population
34,383 → 31,937
down 7.1%
Renter share
73.2% → 72%
-1.2 pts
Bachelor's+
23.3% → 22.5%
-0.8 pts
Median age
35.9 → 37.9
+2.0 yrs

On the earnings side, the typical household in ZIP 07208 in Elizabeth, NJ now reports about $65,511, up from $54,683 in 2021. Headcount in the area went from 34,383 to 31,937 between 2021 and 2024, a 7.1% change.

Community

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Local insights

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About renting in ZIP 07208

Last updated: July 20, 2026

ZIP code 07208 covers Elizabeth, NJ. The median rent here is $1,880/mo as of July 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $2,050/mo.

At 34% of local median household income ($65,511/yr), ZIP 07208 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07208?

As of July 20, 2026, the median monthly rent in ZIP 07208 (Elizabeth, NJ) is $1,880. This is based on aggregated data from public sources and community submissions.

How does ZIP 07208 rent compare to the US average?

ZIP 07208's median rent of $1,880/mo is $85 (4%) below the US national median of $1,965/mo.

How does ZIP 07208 compare to other ZIPs in New Jersey?

ZIP 07208 is among the more affordable ZIP codes in New Jersey, ranking #193 out of 212 ZIPs at $1,880/mo.

How much income do you need to rent in ZIP 07208?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,880/mo in ZIP 07208. The local median household income is $65,511/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07208?

Rent in ZIP 07208 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07208 an affordable place to rent?

ZIP 07208 is considered moderate for renters. At $1,880/mo, rent takes approximately 34% of the local median household income ($65,511/yr). The standard benchmark is 30%. ZIP 07208 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 07208 residents rent vs. own?

According to Census data, approximately 72% of ZIP 07208 households are renters, while 28% are owner-occupied. With a majority renter population, ZIP 07208 has a strong rental market.

How does ZIP 07208 compare to the rest of Elizabeth?

ZIP 07208 is more affordable than Elizabeth overall. At $1,880/mo, it's $375 below the Elizabeth citywide median of $2,255/mo.

When was rent data for ZIP 07208 last updated?

Rent data for ZIP 07208 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,880/mo, rent takes ~34% of ZIP 07208's median household income ($65,511/yr). The standard benchmark is 30%.

ZIP 07208 34%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07208 (Elizabeth, NJ)

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