ZIP 07304
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12-month history
Last updated: October 17, 2026
What the numbers show
April. Asking rents in ZIP 07304 usually run 0.7% below trend in April and 1% above it in September, about $41 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 07304 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 07304 changed +2.7% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.
From 2019 to 2024, rent in ZIP 07304 rose 33.8% while median household income rose 46.8% ($48,360 to $70,986). Income kept ahead of rent.
Rent in ZIP 07304 is 39.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($70,986) is $1,775 a month. That is less than HUD's Fair Market Rent for a studio ($2,140).
2nd cheapest of 6 ZIP codes in Jersey City.
ZIP 07032, 4 miles away, rents for 12% less ($2,108/mo), about $3,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 07304. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 07304 (Jersey City, NJ) is majority renter-occupied, 41.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 07304 in Jersey City, NJ has changed in 5 years
Across the past five years, the going rent in ZIP 07304 in Jersey City, NJ has shifted from $1,695 to $2,404, up 41.8% since 2021. Census figures show median household income at $70,986 today, compared with $60,787 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 07304 in Jersey City, NJ adding about 862 residents over the five-year window, up 1.7% on net. The renter share has risen from 70.9% to 75.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 37.9% to 41.6% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Tips for renters in ZIP 07304
Last updated: October 17, 2026
ZIP code 07304 covers Jersey City, NJ. The median rent here is $2,404/mo as of October 2026. A 1-bedroom rents for a median of $2,190/mo. A 2-bedroom rents for a median of $2,460/mo.
At 41% of local median household income ($70,986/yr), ZIP 07304 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.
Frequently asked questions
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How does ZIP 07304 compare to the rest of Jersey City?
At $2,404/mo, rent takes ~41% of ZIP 07304's median household income ($70,986/yr). The standard benchmark is 30%.
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