ZIP Code · NJ

ZIP 08406

Part of Ventnor City, NJ

Pop. 8,972·Atlantic County·186th most expensive ZIP in New Jersey

Median rent (all units)

$1,973/mo

Year-over-Year

+42.4%

Month-over-Month

+2.3%

vs US Median

+$41

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 08406 · $1,973

More expensive than 60% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 08406 is 65.1% below its high of $5,647 in June 2025, at $1,973 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 08406 changed +42.4% 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 5 months in a row, and rose in 11 of the last 12 months.

What a typical income covers

30% of the median household income ($69,099) is $1,727 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,720); a 2-bedroom is $2,090.

From Zillow's monthly rent index (ZORI) for ZIP 08406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,676/yr

At $1,973/mo median

Location

CityVentnor City

StateNJ

CountyAtlantic County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 42.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+42.4% YoY, +2.3% 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

2023 vs 2026

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

Rent

$875 → $1,973

up 125.5%

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

The median rent in ZIP 08406 in Ventnor City, NJ stood at $875 in 2023 and currently runs about $1,973, reflecting a 125.5% increase over the period. Median household income rose from $66,657 to $69,099 between 2021 and 2024, a 3.7% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. 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. Taken together, the five-year picture in ZIP 08406 in Ventnor City, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 08406

Last updated: October 17, 2026

ZIP code 08406 covers Ventnor City, NJ. The median rent here is $1,973/mo as of October 2026. A 1-bedroom rents for a median of $1,720/mo. A 2-bedroom rents for a median of $2,090/mo.

At 34% of local median household income ($69,099/yr), ZIP 08406 ranks as moderate compared to the national benchmark of 30%. Rents have increased 42.4% over the past year.

FAQ

Frequently asked questions

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 $79,000/year (about $38/hour full-time) to afford the median rent of $1,973/mo in ZIP 08406. The local median household income is $69,099/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 08406?

Rent in ZIP 08406 has risen 42.4% over the past year as of September 2026. It sits 65.1% below its high of $5,647 in June 2025.

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

ZIP 08406 is one of the more affordable among New Jersey ZIP codes for rent, ranking #186 of 209 at $1,973/mo. Over the year to September 2026, rent in ZIP 08406 changed +42.4%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.