ZIP Code · NJ

ZIP 07424

Part of Woodland Park, NJ

Pop. 28,085·Passaic County·56th most expensive ZIP in New Jersey

Median rent (all units)

$2,859/mo

Year-over-Year

Stable

Month-over-Month

+1.4%

vs US Median

+$927

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07424 · $2,859

More expensive than 88% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,770

1 BR

$2,010

2 BR

$2,310

3 BR

$2,820

4 BR+

$3,600

Research median

$2,310/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($105,050) is $2,626 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,310); a 3-bedroom is $2,820.

Cheaper nearby

ZIP 07501, 3 miles away, rents for 37% less ($1,796/mo), about $12,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07424. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,308/yr

At $2,859/mo median

Location

CityWoodland Park

StateNJ

CountyPassaic County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.4% MoM), not inventory.

Demographics

Who lives here

ZIP 07424 (Woodland Park, NJ) is majority owner-occupied, has a median income above the national average, 46.2% of residents hold a bachelor's degree or higher.

Population

28,085

Median income

$105,050

Median age

Renters

32.9%

Age distribution

15.9%

27.9%

24.4%

14.6%

17.2%

Under 1815.9%

18–3427.9%

35–5424.4%

55–6414.6%

65+17.2%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

66.2%

24.8%

White66.2%

Black4.6%

Hispanic24.8%

Asian7.2%

Education (25+)

29.1%

20.5%

46.2%

No HS diploma4.3%

HS diploma29.1%

Some college20.5%

Bachelor's+46.2%

Housing tenure

67.1%

32.9%

Owner67.1%

Renter32.9%

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

2021 vs 2026

How ZIP 07424 in Woodland Park, NJ has changed in 5 years

Income

$97,631 → $105,050

up 7.6%

Population

26,893 → 28,085

up 4.4%

Renter share

31.8% → 32.9%

+1.1 pts

Bachelor's+

44.2% → 46.2%

+2.0 pts

Median age

46.2 → 41

-5.2 yrs

Median household income grew from $97,631 to $105,050 between 2021 and 2024, a 7.6% shift. Headcount in the area went from 26,893 to 28,085 between 2021 and 2024, a 4.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.2% to 46.2%.

Community

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Local insights

Tips for renters in ZIP 07424

About renting in ZIP 07424

Last updated: October 17, 2026

ZIP code 07424 covers Woodland Park, NJ. The median rent here is $2,859/mo as of October 2026. A 1-bedroom rents for a median of $2,010/mo. A 2-bedroom rents for a median of $2,310/mo.

At 33% of local median household income ($105,050/yr), ZIP 07424 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 income do you need to rent in ZIP 07424?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (about $55/hour full-time) to afford the median rent of $2,859/mo in ZIP 07424. The local median household income is $105,050/yr, so the typical household falls short of that bar.