ZIP Code · NJ

ZIP 07866

Part of Rockaway, NJ

Pop. 22,663·Morris County·46th most expensive ZIP in New Jersey

Median rent (all units)

$2,902/mo

Year-over-Year

Stable

Month-over-Month

+3.9%

vs US Median

+$970

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07866 · $2,902

More expensive than 89% 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

$1,750

1 BR

$1,980

2 BR

$2,400

3 BR

$3,010

4 BR+

$3,410

Research median

$2,400/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($131,403) is $3,285 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,010); a 4-bedroom is $3,410.

Cheaper nearby

ZIP 07005, 4 miles away, rents for 13% less ($2,523/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07866. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$34,824/yr

At $2,902/mo median

Location

CityRockaway

StateNJ

CountyMorris County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +3.9% MoM), not inventory.

Demographics

Who lives here

ZIP 07866 (Rockaway, NJ) is majority owner-occupied, has a median income above the national average, 48.9% of residents hold a bachelor's degree or higher.

Population

22,663

Median income

$131,403

Median age

44.3

Renters

18.3%

Age distribution

19.7%

19%

25.2%

16.3%

19.8%

Under 1819.7%

18–3419%

35–5425.2%

55–6416.3%

65+19.8%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

77.4%

16.4%

White77.4%

Black0.9%

Hispanic16.4%

Asian5.8%

Education (25+)

22.6%

25.5%

48.9%

No HS diploma3%

HS diploma22.6%

Some college25.5%

Bachelor's+48.9%

Housing tenure

81.7%

18.3%

Owner81.7%

Renter18.3%

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

2021 vs 2026

How ZIP 07866 in Rockaway, NJ has changed in 5 years

Income

$119,255 → $131,403

up 10.2%

Population

22,689 → 22,663

down 0.1%

Renter share

16.7% → 18.3%

+1.6 pts

Bachelor's+

52% → 48.9%

-3.1 pts

Median household income rose from $119,255 to $131,403 between 2021 and 2024, a 10.2% shift. Renters now make up 18.3% of households, compared with 16.7% five years ago. College-educated residents now make up 48.9% of adults here, versus 52% in 2021.

Community

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Local insights

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About renting in ZIP 07866

Last updated: September 25, 2026

ZIP code 07866 covers Rockaway, NJ. The median rent here is $2,902/mo as of September 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,400/mo.

At 27% of local median household income ($131,403/yr), ZIP 07866 ranks as affordable 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 07866?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (about $56/hour full-time) to afford the median rent of $2,902/mo in ZIP 07866. The local median household income is $131,403/yr, so the typical household meets that bar.