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ZIP Code · NJ

ZIP 08406

Pop. 8,972·Atlantic County·119th most expensive ZIP in New Jersey
Median rent (all units)
$2,499/mo
Year-over-Year
-55.8%
Month-over-Month
-37.5%
vs US Median
+$534
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 08406 · $2,499
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
$1,510
1 BR
$1,720
2 BR
$2,090
3 BR
$2,890
4 BR+
$3,190
Research median
$2,090/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
$29,988/yr
At $2,499/mo median
Location
StateNJ
CountyAtlantic County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 55.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-55.8% YoY, -37.5% MoM), not inventory.
Demographics

Who lives here

ZIP 08406 (Ventnor City, NJ) is majority owner-occupied, has a large retiree population, 41.1% of residents hold a bachelor's degree or higher.

Population
8,972
Median income
$69,099
Median age
58.3
Renters
37.2%
Age distribution
16.2%
17%
23%
32.8%
Under 1811%
18–3416.2%
35–5417%
55–6423%
65+32.8%
Gender
48.5%
51.5%
Male48.5%
Female51.5%
Race & ethnicity
74.5%
14.7%
White74.5%
Black4%
Hispanic14.7%
Asian6.3%
Other0.6%
Education (25+)
30%
24.9%
41.1%
No HS diploma4.1%
HS diploma30%
Some college24.9%
Bachelor's+41.1%
Housing tenure
62.8%
37.2%
Owner62.8%
Renter37.2%

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

2021 vs 2026

How ZIP 08406 in Ventnor City, NJ has changed in 5 years

Income
$66,657 → $69,099
up 3.7%
Population
9,332 → 8,972
down 3.9%
Renter share
35.3% → 37.2%
+1.9 pts
Bachelor's+
33.4% → 41.1%
+7.7 pts
Median age
53.8 → 58.3
+4.5 yrs

Median household income rose from $66,657 to $69,099 between 2021 and 2024, a 3.7% shift. The population has contracted by 3.9% since 2021, moving from about 9,332 residents to roughly 8,972. Renters now make up 37.2% of households, compared with 35.3% five years ago. College-educated residents now make up 41.1% of adults here, versus 33.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 08406

About renting in ZIP 08406

Last updated: July 20, 2026

ZIP code 08406 covers Ventnor City, NJ. The median rent here is $2,499/mo as of July 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $2,090/mo.

At 43% of local median household income ($69,099/yr), ZIP 08406 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 55.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08406?

As of July 20, 2026, the median monthly rent in ZIP 08406 (Ventnor City, NJ) is $2,499. This is based on aggregated data from public sources and community submissions.

How does ZIP 08406 rent compare to the US average?

ZIP 08406's median rent of $2,499/mo is $534 (27%) above the US national median of $1,965/mo.

How does ZIP 08406 compare to other ZIPs in New Jersey?

ZIP 08406 falls in the middle range for New Jersey, ranking #119 out of 212 ZIPs at $2,499/mo.

How much income do you need to rent in ZIP 08406?

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 $2,499/mo in ZIP 08406. The local median household income is $69,099/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 08406?

Rent in ZIP 08406 has decreased 55.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 08406 an affordable place to rent?

ZIP 08406 is considered stretched for renters. At $2,499/mo, rent takes approximately 43% of the local median household income ($69,099/yr). The standard benchmark is 30%. ZIP 08406 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 08406 residents rent vs. own?

According to Census data, approximately 37.2% of ZIP 08406 households are renters, while 62.8% are owner-occupied. ZIP 08406 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08406 compare to the rest of Ventnor City?

ZIP 08406 sits right at the Ventnor City citywide median of $2,499/mo.

When was rent data for ZIP 08406 last updated?

Rent data for ZIP 08406 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
43%
STRETCHED

At $2,499/mo, rent takes ~43% of ZIP 08406's median household income ($69,099/yr). The standard benchmark is 30%.

ZIP 08406 43%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 08406 (Ventnor City, NJ)

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