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ZIP Code · NJ

ZIP 07405

Part of Kinnelon, NJ
Pop. 17,983·Morris County·142nd most expensive ZIP in New Jersey
Median rent (all units)
$2,200/mo
Year-over-Year
+0.9%
Month-over-Month
+0.9%
vs US Median
+$235
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07405 · $2,200
More expensive than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,820
2 BR
$2,200
3 BR
$2,750
4 BR+
$3,130
Research median
$2,200/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: April 19, 2026

Annual cost
$26,400/yr
At $2,200/mo median
Location
StateNJ
CountyMorris County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.9% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 07405 (Kinnelon, NJ) is majority owner-occupied, has a median income above the national average, 55.2% of residents hold a bachelor's degree or higher.

Population
17,983
Median income
$135,169
Median age
41.8
Renters
19.4%
Age distribution
19.2%
21.3%
27.6%
15.5%
16.5%
Under 1819.2%
18–3421.3%
35–5427.6%
55–6415.5%
65+16.5%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
79.3%
14.7%
White79.3%
Black1.5%
Hispanic14.7%
Asian4.9%
Education (25+)
21.5%
19.6%
55.2%
No HS diploma3.7%
HS diploma21.5%
Some college19.6%
Bachelor's+55.2%
Housing tenure
80.6%
19.4%
Owner80.6%
Renter19.4%

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

2021 vs 2026

How ZIP 07405 in Kinnelon, NJ has changed in 5 years

Income
$117,740 → $135,169
up 14.8%
Population
17,992 → 17,983
down 0.1%
Renter share
22.3% → 19.4%
-2.9 pts
Bachelor's+
53.8% → 55.2%
+1.4 pts

Household income in the area moved from $117,740 to $135,169 across the same window, up 14.8% versus 2021. Renters now make up 19.4% of households, compared with 22.3% five years ago.

Community

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Local insights

Tips for renters in ZIP 07405

About renting in ZIP 07405

Last updated: April 19, 2026

ZIP code 07405 covers Kinnelon, NJ. The median rent here is $2,200/mo as of April 2026. A 1-bedroom rents for a median of $1,820/mo. A 2-bedroom rents for a median of $2,200/mo.

At 20% of local median household income ($135,169/yr), ZIP 07405 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07405?

As of April 19, 2026, the median monthly rent in ZIP 07405 (Kinnelon, NJ) is $2,200. This is based on aggregated data from public sources and community submissions.

How does ZIP 07405 rent compare to the US average?

ZIP 07405's median rent of $2,200/mo is $235 (12%) above the US national median of $1,965/mo.

How does ZIP 07405 compare to other ZIPs in New Jersey?

ZIP 07405 falls in the middle range for New Jersey, ranking #142 out of 229 ZIPs at $2,200/mo.

How much income do you need to rent in ZIP 07405?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,200/mo in ZIP 07405. The local median household income is $135,169/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07405?

Rent in ZIP 07405 has increased 0.9% over the past year as of April 19, 2026, putting upward pressure on renter budgets.

Is ZIP 07405 an affordable place to rent?

ZIP 07405 is considered very affordable for renters. At $2,200/mo, rent takes approximately 20% of the local median household income ($135,169/yr). The standard benchmark is 30%. ZIP 07405 falls comfortably within that range.

What percentage of ZIP 07405 residents rent vs. own?

According to Census data, approximately 19.4% of ZIP 07405 households are renters, while 80.6% are owner-occupied. ZIP 07405 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 07405 last updated?

Rent data for ZIP 07405 reflects April 19, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $2,200/mo, rent takes ~20% of ZIP 07405's median household income ($135,169/yr). The standard benchmark is 30%.

ZIP 07405 20%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07405 (Kinnelon, NJ)

Recent submissions

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