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ZIP Code · NJ

ZIP 07470

Part of Wayne, NJ
Pop. 54,112·Passaic County·126th most expensive ZIP in New Jersey
Median rent (all units)
$2,461/mo
Year-over-Year
-2.5%
Month-over-Month
+0.9%
vs US Median
+$496
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07470 · $2,461
More expensive than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,320
2 BR
$2,660
3 BR
$3,240
4 BR+
$4,140
Research median
$2,660/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
$29,532/yr
At $2,461/mo median
Location
CityWayne
StateNJ
CountyPassaic County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-2.5% YoY, +0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 07470 (Wayne, NJ) is majority owner-occupied, has a median income above the national average, 56.9% of residents hold a bachelor's degree or higher.

Population
54,112
Median income
$153,056
Median age
40.8
Renters
21.4%
Age distribution
21.9%
21.1%
23.3%
14.2%
19.4%
Under 1821.9%
18–3421.1%
35–5423.3%
55–6414.2%
65+19.4%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
73.3%
13.5%
White73.3%
Black2.6%
Hispanic13.5%
Asian9.2%
Other1.4%
Education (25+)
20.4%
18.3%
56.9%
No HS diploma4.4%
HS diploma20.4%
Some college18.3%
Bachelor's+56.9%
Housing tenure
78.6%
21.4%
Owner78.6%
Renter21.4%

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

2021 vs 2026

How ZIP 07470 in Wayne, NJ has changed in 5 years

Income
$137,168 → $153,056
up 11.6%
Population
55,280 → 54,112
down 2.1%
Renter share
21.5% → 21.4%
-0.1 pts
Bachelor's+
57.3% → 56.9%
-0.4 pts
Median age
42.3 → 40.8
-1.5 yrs

Household income in the area moved from $137,168 to $153,056 across the same window, up 11.6% versus 2021. The population has contracted by 2.1% since 2021, moving from about 55,280 residents to roughly 54,112.

Community

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Local insights

Tips for renters in ZIP 07470

About renting in ZIP 07470

Last updated: July 20, 2026

ZIP code 07470 covers Wayne, NJ. The median rent here is $2,461/mo as of July 2026. A 1-bedroom rents for a median of $2,320/mo. A 2-bedroom rents for a median of $2,660/mo.

At 19% of local median household income ($153,056/yr), ZIP 07470 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07470?

As of July 20, 2026, the median monthly rent in ZIP 07470 (Wayne, NJ) is $2,461. This is based on aggregated data from public sources and community submissions.

How does ZIP 07470 rent compare to the US average?

ZIP 07470's median rent of $2,461/mo is $496 (25%) above the US national median of $1,965/mo.

How does ZIP 07470 compare to other ZIPs in New Jersey?

ZIP 07470 falls in the middle range for New Jersey, ranking #126 out of 212 ZIPs at $2,461/mo.

How much income do you need to rent in ZIP 07470?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,461/mo in ZIP 07470. The local median household income is $153,056/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07470?

Rent in ZIP 07470 has decreased 2.5% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07470 an affordable place to rent?

ZIP 07470 is considered very affordable for renters. At $2,461/mo, rent takes approximately 19% of the local median household income ($153,056/yr). The standard benchmark is 30%. ZIP 07470 falls comfortably within that range.

What percentage of ZIP 07470 residents rent vs. own?

According to Census data, approximately 21.4% of ZIP 07470 households are renters, while 78.6% are owner-occupied. ZIP 07470 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07470 compare to the rest of Wayne?

ZIP 07470 sits right at the Wayne citywide median of $2,461/mo.

When was rent data for ZIP 07470 last updated?

Rent data for ZIP 07470 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,461/mo, rent takes ~19% of ZIP 07470's median household income ($153,056/yr). The standard benchmark is 30%.

ZIP 07470 19%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07470 (Wayne, NJ)

Recent submissions

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