ZIP Code · NJ

ZIP 07927

Part of Cedar Knolls, NJ

Pop. 4,882·Morris County·23rd most expensive ZIP in New Jersey

Median rent (all units)

$3,195/mo

Year-over-Year

-0.8%

Month-over-Month

+0.9%

vs US Median

+$1,263

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07927 · $3,195

More expensive than 93% 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

$2,420

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 07927 changed -0.8% 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 risen 7 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($170,400) is $4,260 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,140); a 4-bedroom is $4,710.

Cheaper nearby

ZIP 07054, 4 miles away, rents for 11% less ($2,832/mo), about $4,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07927. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$38,340/yr

At $3,195/mo median

Location

CityCedar Knolls

StateNJ

CountyMorris 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 (-0.8% YoY, +0.9% 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

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%

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: October 17, 2026

ZIP code 07927 covers Cedar Knolls, NJ. The median rent here is $3,195/mo as of October 2026. A 1-bedroom rents for a median of $2,740/mo. A 2-bedroom rents for a median of $3,310/mo.

At 23% of local median household income ($170,400/yr), ZIP 07927 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.8% over the past year.

FAQ

Frequently asked questions

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 $128,000/year (about $62/hour full-time) to afford the median rent of $3,195/mo in ZIP 07927. The local median household income is $170,400/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 07927?

Rent in ZIP 07927 has fallen 0.8% over the past year.

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

ZIP 07927 is one of the pricier among New Jersey ZIP codes for rent, ranking #23 of 209 at $3,195/mo. Over the year to September 2026, rent in ZIP 07927 changed -0.8%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.