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ZIP Code · NJ

ZIP 07866

Part of Rockaway, NJ
Pop. 22,663·Morris County·120th most expensive ZIP in New Jersey
Median rent (all units)
$2,490/mo
Year-over-Year
Stable
Month-over-Month
-6.2%
vs US Median
+$525
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07866 · $2,490
More expensive than 79% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$29,880/yr
At $2,490/mo median
Location
StateNJ
CountyMorris County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.2% 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.

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Local insights

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About renting in ZIP 07866

Last updated: July 20, 2026

ZIP code 07866 covers Rockaway, NJ. The median rent here is $2,490/mo as of July 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,400/mo.

At 23% 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 is rent in ZIP code 07866?

As of July 20, 2026, the median monthly rent in ZIP 07866 (Rockaway, NJ) is $2,490. This is based on aggregated data from public sources and community submissions.

How does ZIP 07866 rent compare to the US average?

ZIP 07866's median rent of $2,490/mo is $525 (27%) above the US national median of $1,965/mo.

How does ZIP 07866 compare to other ZIPs in New Jersey?

ZIP 07866 falls in the middle range for New Jersey, ranking #120 out of 212 ZIPs at $2,490/mo.

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 $100,000/year (~$48/hour full-time) to afford the median rent of $2,490/mo in ZIP 07866. The local median household income is $131,403/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07866?

Rent in ZIP 07866 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07866 an affordable place to rent?

ZIP 07866 is considered very affordable for renters. At $2,490/mo, rent takes approximately 23% of the local median household income ($131,403/yr). The standard benchmark is 30%. ZIP 07866 falls comfortably within that range.

What percentage of ZIP 07866 residents rent vs. own?

According to Census data, approximately 18.3% of ZIP 07866 households are renters, while 81.7% are owner-occupied. ZIP 07866 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07866 compare to the rest of Rockaway?

ZIP 07866 is more affordable than Rockaway overall. At $2,490/mo, it's $170 below the Rockaway citywide median of $2,660/mo.

When was rent data for ZIP 07866 last updated?

Rent data for ZIP 07866 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,490/mo, rent takes ~23% of ZIP 07866's median household income ($131,403/yr). The standard benchmark is 30%.

ZIP 07866 23%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07866 (Rockaway, NJ)

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