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ZIP Code · NJ

ZIP 07928

Part of Chatham, NJ
Pop. 19,974·Morris County·29th most expensive ZIP in New Jersey
Median rent (all units)
$3,272/mo
Year-over-Year
+13.5%
Month-over-Month
+3.7%
vs US Median
+$1,307
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07928 · $3,272
More expensive than 93% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,330
1 BR
$2,640
2 BR
$3,190
3 BR
$3,990
4 BR+
$4,540
Research median
$3,190/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
$39,264/yr
At $3,272/mo median
Location
StateNJ
CountyMorris County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 13.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+13.5% YoY, +3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 07928 (Chatham, NJ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 82.1% of residents hold a bachelor's degree or higher.

Population
19,974
Median income
$220,982
Median age
39.8
Renters
16.7%
Age distribution
30.6%
12.4%
30.7%
12.1%
14.2%
Under 1830.6%
18–3412.4%
35–5430.7%
55–6412.1%
65+14.2%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
76.9%
14%
White76.9%
Black0.6%
Hispanic5%
Asian14%
Other3.6%
Education (25+)
82.1%
No HS diploma1.1%
HS diploma7.8%
Some college9%
Bachelor's+82.1%
Housing tenure
83.3%
16.7%
Owner83.3%
Renter16.7%

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

2021 vs 2026

How ZIP 07928 in Chatham, NJ has changed in 5 years

Income
$207,059 → $220,982
up 6.7%
Population
19,553 → 19,974
up 2.2%
Renter share
16.9% → 16.7%
-0.2 pts
Bachelor's+
80.3% → 82.1%
+1.8 pts
Median age
40.9 → 39.8
-1.1 yrs

Median household income grew from $207,059 to $220,982 between 2021 and 2024, a 6.7% shift. Headcount in the area went from 19,553 to 19,974 between 2021 and 2024, a 2.2% change.

Community

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Local insights

Tips for renters in ZIP 07928

About renting in ZIP 07928

Last updated: July 20, 2026

ZIP code 07928 covers Chatham, NJ. The median rent here is $3,272/mo as of July 2026. A 1-bedroom rents for a median of $2,640/mo. A 2-bedroom rents for a median of $3,190/mo.

At 18% of local median household income ($220,982/yr), ZIP 07928 ranks as affordable compared to the national benchmark of 30%. Rents have increased 13.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07928?

As of July 20, 2026, the median monthly rent in ZIP 07928 (Chatham, NJ) is $3,272. This is based on aggregated data from public sources and community submissions.

How does ZIP 07928 rent compare to the US average?

ZIP 07928's median rent of $3,272/mo is $1,307 (67%) above the US national median of $1,965/mo.

How does ZIP 07928 compare to other ZIPs in New Jersey?

ZIP 07928 is one of the pricier ZIP codes in New Jersey, ranking #29 out of 212 ZIPs tracked at $3,272/mo.

How much income do you need to rent in ZIP 07928?

To keep rent at or below 30% of gross income, you would need to earn at least $131,000/year (~$63/hour full-time) to afford the median rent of $3,272/mo in ZIP 07928. The local median household income is $220,982/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 07928?

Rent in ZIP 07928 has increased 13.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 07928 an affordable place to rent?

ZIP 07928 is considered very affordable for renters. At $3,272/mo, rent takes approximately 18% of the local median household income ($220,982/yr). The standard benchmark is 30%. ZIP 07928 falls comfortably within that range.

What percentage of ZIP 07928 residents rent vs. own?

According to Census data, approximately 16.7% of ZIP 07928 households are renters, while 83.3% are owner-occupied. ZIP 07928 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07928 compare to the rest of Chatham?

ZIP 07928 sits right at the Chatham citywide median of $3,272/mo.

When was rent data for ZIP 07928 last updated?

Rent data for ZIP 07928 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $3,272/mo, rent takes ~18% of ZIP 07928's median household income ($220,982/yr). The standard benchmark is 30%.

ZIP 07928 18%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07928 (Chatham, NJ)

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