ZIP Code · NJ

ZIP 07405

Part of Kinnelon, NJ

Pop. 17,983·Morris County·154th 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

+$268

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07405 · $2,200

More expensive than 73% of US ZIP codes · National median $1,932/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

From the history

What the numbers show

What a typical income covers

30% of the median household income ($135,169) is $3,379 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,130).

From Zillow's monthly rent index (ZORI) for ZIP 07405. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,400/yr

At $2,200/mo median

Location

CityKinnelon

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

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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 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 (about $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, so the typical household meets that bar.