ZIP Code · NJ

ZIP 07470

Part of Wayne, NJ

Pop. 54,112·Passaic County·53rd most expensive ZIP in New Jersey

Median rent (all units)

$2,877/mo

Year-over-Year

+2.4%

Month-over-Month

-0.1%

vs US Median

+$945

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07470 · $2,877

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

$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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 07470 changed +2.4% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has fallen 5 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($153,056) is $3,826 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,240); a 4-bedroom is $4,140.

Cheaper nearby

ZIP 07508, 3 miles away, rents for 15% less ($2,451/mo), about $5,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07470. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,524/yr

At $2,877/mo median

Location

CityWayne

StateNJ

CountyPassaic County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.4% YoY, -0.1% 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

Discussions about ZIP 07470

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Local insights

Tips for renters in ZIP 07470

About renting in ZIP 07470

Last updated: October 17, 2026

ZIP code 07470 covers Wayne, NJ. The median rent here is $2,877/mo as of October 2026. A 1-bedroom rents for a median of $2,320/mo. A 2-bedroom rents for a median of $2,660/mo.

At 23% of local median household income ($153,056/yr), ZIP 07470 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

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 $115,000/year (about $55/hour full-time) to afford the median rent of $2,877/mo in ZIP 07470. The local median household income is $153,056/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 07470?

Rent in ZIP 07470 has risen 2.4% over the past year.

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

ZIP 07470 is one of the pricier among New Jersey ZIP codes for rent, ranking #53 of 209 at $2,877/mo. Over the year to September 2026, rent in ZIP 07470 changed +2.4%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.