ZIP Code · NJ

ZIP 08865

Part of Phillipsburg, NJ

Pop. 31,427·Warren County·185th most expensive ZIP in New Jersey

Median rent (all units)

$1,988/mo

Year-over-Year

+2.9%

Month-over-Month

+0.7%

vs US Median

+$56

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 08865 · $1,988

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,450

1 BR

$1,460

2 BR

$1,810

3 BR

$2,300

4 BR+

$2,670

Research median

$1,810/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 08865 is 0.1% below its high of $1,989 in June 2026, at $1,988 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 08865 changed +2.9% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($79,949) is $1,999 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,810); a 3-bedroom is $2,300.

Cheaper nearby

ZIP 18042, 5 miles away, rents for 14% less ($1,702/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 08865. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,856/yr

At $1,988/mo median

Location

CityPhillipsburg

StateNJ

CountyWarren County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 08865 (Phillipsburg, NJ) is majority owner-occupied, 29.4% of residents hold a bachelor's degree or higher.

Population

31,427

Median income

$79,949

Median age

Renters

31.6%

Age distribution

19.3%

21.6%

25.1%

15.1%

18.8%

Under 1819.3%

18–3421.6%

35–5425.1%

55–6415.1%

65+18.8%

Gender

50.5%

49.5%

Male50.5%

Female49.5%

Race & ethnicity

69.9%

12.2%

13.3%

White69.9%

Black12.2%

Hispanic13.3%

Asian2.4%

Other2.2%

Education (25+)

35.2%

27.8%

29.4%

No HS diploma7.6%

HS diploma35.2%

Some college27.8%

Bachelor's+29.4%

Housing tenure

68.4%

31.6%

Owner68.4%

Renter31.6%

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

2022 vs 2026

How ZIP 08865 in Phillipsburg, NJ has changed in 5 years

Rent

$1,566 → $1,988

up 26.9%

Income

$66,779 → $79,949

up 19.7%

Population

30,179 → 31,427

up 4.1%

Renter share

33.2% → 31.6%

-1.6 pts

Bachelor's+

28.7% → 29.4%

+0.7 pts

Five years ago, renters in ZIP 08865 in Phillipsburg, NJ paid around $1,566 a month. That figure now sits near $1,988, up 26.9% from the 2022 baseline. On the earnings side, the typical household in ZIP 08865 in Phillipsburg, NJ now reports about $79,949, up from $66,779 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 08865 in Phillipsburg, NJ adding about 1,248 residents over the five-year window, up 4.1% on net. The renter share has eased from 33.2% to 31.6%, with owner-occupied housing accounting for the remainder. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 08865 in Phillipsburg, NJ reflects that arc in its own way.

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About renting in ZIP 08865

Last updated: October 17, 2026

ZIP code 08865 covers Phillipsburg, NJ. The median rent here is $1,988/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,810/mo.

At 30% of local median household income ($79,949/yr), ZIP 08865 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 08865?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (about $38/hour full-time) to afford the median rent of $1,988/mo in ZIP 08865. The local median household income is $79,949/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 08865?

Rent in ZIP 08865 has risen 2.9% over the past year as of September 2026. It sits 0.1% below its high of $1,989 in June 2026.

How does ZIP 08865 compare to other ZIPs in New Jersey?

ZIP 08865 is one of the more affordable among New Jersey ZIP codes for rent, ranking #185 of 209 at $1,988/mo. Over the year to September 2026, rent in ZIP 08865 changed +2.9%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.