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ZIP Code · NJ

ZIP 07927

Pop. 4,882·Morris County·21st most expensive ZIP in New Jersey
Median rent (all units)
$3,449/mo
Year-over-Year
Stable
Month-over-Month
+3.3%
vs US Median
+$1,484
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07927 · $3,449
More expensive than 95% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,420
1 BR
$2,740
2 BR
$3,310
3 BR
$4,140
4 BR+
$4,710
Research median
$3,310/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: July 20, 2026

Annual cost
$41,388/yr
At $3,449/mo median
Location
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, +3.3% MoM), not inventory.
Demographics

Who lives here

ZIP 07927 (Cedar Knolls, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 54.9% of residents hold a bachelor's degree or higher.

Population
4,882
Median income
$170,400
Median age
42
Renters
41.1%
Age distribution
19.5%
18.9%
29.1%
22.3%
Under 1819.5%
18–3418.9%
35–5429.1%
55–6410.2%
65+22.3%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
70.7%
13.7%
19%
White70.7%
Hispanic13.7%
Asian19%
Education (25+)
24.4%
54.9%
No HS diploma8.9%
HS diploma24.4%
Some college11.8%
Bachelor's+54.9%
Housing tenure
58.9%
41.1%
Owner58.9%
Renter41.1%

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

2021 vs 2026

How ZIP 07927 in Cedar Knolls, NJ has changed in 5 years

Income
$134,054 → $170,400
up 27.1%
Population
4,286 → 4,882
up 13.9%
Renter share
40.8% → 41.1%
+0.3 pts
Bachelor's+
60.7% → 54.9%
-5.8 pts
Median age
42.6 → 42
-0.6 yrs

Median household income rose from $134,054 to $170,400 between 2021 and 2024, a 27.1% shift. The population has grown by 13.9% since 2021, moving from about 4,286 residents to roughly 4,882. College-educated residents now make up 54.9% of adults here, versus 60.7% in 2021.

Community

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Local insights

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About renting in ZIP 07927

Last updated: July 20, 2026

ZIP code 07927 covers Cedar Knolls, NJ. The median rent here is $3,449/mo as of July 2026. A 1-bedroom rents for a median of $2,740/mo. A 2-bedroom rents for a median of $3,310/mo.

At 24% of local median household income ($170,400/yr), ZIP 07927 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 07927?

As of July 20, 2026, the median monthly rent in ZIP 07927 (Cedar Knolls, NJ) is $3,449. This is based on aggregated data from public sources and community submissions.

How does ZIP 07927 rent compare to the US average?

ZIP 07927's median rent of $3,449/mo is $1,484 (76%) above the US national median of $1,965/mo.

How does ZIP 07927 compare to other ZIPs in New Jersey?

ZIP 07927 is one of the pricier ZIP codes in New Jersey, ranking #21 out of 212 ZIPs tracked at $3,449/mo.

How much income do you need to rent in ZIP 07927?

To keep rent at or below 30% of gross income, you would need to earn at least $138,000/year (~$66/hour full-time) to afford the median rent of $3,449/mo in ZIP 07927. The local median household income is $170,400/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07927?

Rent in ZIP 07927 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07927 an affordable place to rent?

ZIP 07927 is considered very affordable for renters. At $3,449/mo, rent takes approximately 24% of the local median household income ($170,400/yr). The standard benchmark is 30%. ZIP 07927 falls comfortably within that range.

What percentage of ZIP 07927 residents rent vs. own?

According to Census data, approximately 41.1% of ZIP 07927 households are renters, while 58.9% are owner-occupied. ZIP 07927 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07927 compare to the rest of Cedar Knolls?

ZIP 07927 sits right at the Cedar Knolls citywide median of $3,449/mo.

When was rent data for ZIP 07927 last updated?

Rent data for ZIP 07927 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $3,449/mo, rent takes ~24% of ZIP 07927's median household income ($170,400/yr). The standard benchmark is 30%.

ZIP 07927 24%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07927 (Cedar Knolls, NJ)

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