Rental Markets in New Jersey

DoorBase tracks rental market data across New Jersey by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

New Jersey Rental Market Overview

The current sample of indexable New Jersey ZIP markets shows average median rent of $2,518, average median home value of $547,169, average cap-rate high of 4.3%, average vacancy of 5.4%, renter ratio near 44.8%, and median household income around $93,060. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

New Jersey is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured New Jersey ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
08701	Lakewood	$2,200	1.9-3.5%	6.9%	136,784
07305	Jersey City	$2,295	2.3-3.9%	7%	71,643
07002	Bayonne	$2,400	2.1-3.7%	6.1%	70,468
07055	Passaic	$2,093	1.9-3.5%	2.8%	69,651
07087	Union City	$2,395	2.3-3.9%	6%	66,375
08753	Toms River	$2,704	2.8-4.4%	10.6%	64,788
07093	West New York	$2,517	3.4-5%	6.8%	63,321
07047	North Bergen	$2,863	2.7-4.3%	5%	61,202
08854	Piscataway	$2,635	2.3-3.9%	4.1%	60,405
07111	Irvington	$1,942	2.5-4.1%	8.3%	60,334
08527	Jackson	$3,676	3.3-4.9%	4.9%	58,366
07030	Hoboken	$3,988	2.5-4.1%	7.8%	58,340
08861	Perth Amboy	$2,370	2.6-4.2%	3.2%	58,264
07083	Union	$2,572	2.4-4%	4.2%	57,036
08901	New Brunswick	$2,731	3.6-5.2%	6.8%	56,766
07105	Newark	$2,393	2.3-3.9%	5.7%	56,657
07728	Freehold	$2,885	2.3-3.9%	3%	56,623
08873	Somerset	$2,636	2.5-4.1%	2.3%	55,862
07302	Jersey City	$3,881	2.3-3.9%	6.9%	55,448
08831	Monroe Township	$2,581	2.3-3.9%	4.2%	54,608
07306	Jersey City	$2,736	2.8-4.4%	7.2%	54,567
07104	Newark	$1,970	2.1-3.7%	4.3%	54,277
07470	Wayne	$2,593	1.7-3.3%	3.6%	54,131
07003	Bloomfield	$2,456	2.1-3.7%	2.8%	52,921
08540	Princeton	$3,503	1.8-3.4%	6.3%	49,499
08081	Sicklerville	$2,374	3.7-5.3%	5.1%	49,418
07304	Jersey City	$2,450	2.5-4.1%	6.5%	49,260
08021	Clementon	$1,924	3.9-5.5%	7.3%	49,060
08816	East Brunswick	$2,722	2.3-3.9%	3.2%	48,965
07052	West Orange	$2,938	2.2-3.8%	4.6%	48,323
08817	Edison	$2,560	2.5-4.1%	3.7%	47,924
08053	Marlton	$2,489	2.8-4.4%	4%	47,612
07060	Plainfield	$2,092	2-3.6%	5%	47,560
08302	Bridgeton	$1,475	3.3-4.9%	8.3%	47,003
08234	Egg Harbor Township	$2,523	3.6-5.2%	4.5%	46,856
07960	Morristown	$3,009	1.6-3.2%	3.4%	46,178
07601	Hackensack	$2,674	3.3-4.9%	5.1%	45,768
08054	Mount Laurel	$2,376	3.4-5%	3.4%	45,427
07036	Linden	$2,495	2.5-4.1%	5%	45,101
07726	Englishtown	$2,620	1.6-3.2%	2.6%	44,698
07202	Elizabeth	$2,349	2.5-4.1%	3.7%	44,638
08360	Vineland	$1,900	3.8-5.4%	4.6%	44,276
08844	Hillsborough	$2,692	2-3.6%	1.5%	43,708
08902	North Brunswick	$2,567	2.6-4.2%	2.3%	43,146
07307	Jersey City	$2,656	1.8-3.4%	7.6%	42,242
07107	Newark	$1,963	2-3.6%	5%	42,132
08724	Brick	$2,500	2.6-4.2%	7.3%	41,573
07666	Teaneck	$3,112	2.4-4%	3.2%	41,499
08012	Blackwood	$1,831	2.7-4.3%	2.8%	40,830
07017	East Orange	$1,952	2.1-3.7%	4.5%	40,809
07032	Kearny	$2,174	1.9-3.5%	3.8%	40,570
08094	Williamstown	$2,425	3.9-5.5%	3.8%	40,542
08857	Old Bridge	$2,872	2.4-4%	2.3%	40,409
07731	Howell	$3,274	2.7-4.3%	2.5%	39,924
07024	Fort Lee	$3,872	3.9-5.5%	6.2%	39,785
07712	Asbury Park	$2,979	2-3.6%	7.8%	39,597
08820	Edison	$3,136	1.9-3.5%	1.8%	39,392
08080	Sewell	$2,494	3.2-4.8%	2%	39,360
07011	Clifton	$2,499	2.3-3.9%	3.6%	38,817
08401	Atlantic City	$1,722	4.8-6.4%	17.6%	38,744

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 7.7% in ZIP 08611 (Trenton).

The lowest vacancy in this sample is 1.5% in ZIP 08844 (Hillsborough).

The highest median rent in this sample is $3,988 in ZIP 07030 (Hoboken).

The highest median household income in this sample is $176,943 in ZIP 07030 (Hoboken).

Rental Markets by City

Jersey City

Jersey City has 5 ZIP codes in this sample. Median rents range from $2,295 to $3,881. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 7.0%. See ZIP 07305 for the full market profile.

Newark

Newark has 5 ZIP codes in this sample. Median rents range from $1,963 to $2,393. Estimated cap-rate bands reach up to 4.7% at the high end. Vacancy averages 5.7%. See ZIP 07105 for the full market profile.

Trenton

Trenton has 3 ZIP codes in this sample. Median rents range from $1,908 to $2,074. Estimated cap-rate bands reach up to 7.7% at the high end. Vacancy averages 6.7%. See ZIP 08618 for the full market profile.

Toms River

Toms River has 2 ZIP codes in this sample. Median rents range from $2,694 to $2,704. Estimated cap-rate bands reach up to 6.4% at the high end. Vacancy averages 8.6%. See ZIP 08753 for the full market profile.

Edison

Edison has 2 ZIP codes in this sample. Median rents range from $2,560 to $3,136. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 2.8%. See ZIP 08817 for the full market profile.

Elizabeth

Elizabeth has 2 ZIP codes in this sample. Median rents range from $2,182 to $2,349. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 5.6%. See ZIP 07202 for the full market profile.

Lakewood

Lakewood has 1 ZIP code in this sample. Sample median rent is $2,200. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 6.9%. See ZIP 08701 for the full market profile.

Bayonne

Bayonne has 1 ZIP code in this sample. Sample median rent is $2,400. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 6.1%. See ZIP 07002 for the full market profile.

Passaic

Passaic has 1 ZIP code in this sample. Sample median rent is $2,093. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 2.8%. See ZIP 07055 for the full market profile.

Union City

Union City has 1 ZIP code in this sample. Sample median rent is $2,395. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 6.0%. See ZIP 07087 for the full market profile.

West New York

West New York has 1 ZIP code in this sample. Sample median rent is $2,517. Estimated cap-rate bands reach up to 5.0% at the high end. Vacancy averages 6.8%. See ZIP 07093 for the full market profile.

North Bergen

North Bergen has 1 ZIP code in this sample. Sample median rent is $2,863. Estimated cap-rate bands reach up to 4.3% at the high end. Vacancy averages 5.0%. See ZIP 07047 for the full market profile.

How to Use the New Jersey Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/nj/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 67 New Jersey cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.