Rental numbers for Essex County, NJ
The typical home here runs -$3,352 a month at 7.78% with 25% down. 0 of 27 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.8%.
- Gross yield
- 4.1%
- typical home, Zillow
- Median ZIP yield
- 4.8%
- 27 ZIPs with full data
- Cash flow
- -$3,352/mo
- at 7.78%, 25% down
- Typical price
- $665,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,286/mo
- Zillow ZORI, Aug 2026
ZIP codes in Essex County
31 with published figures
| 07102Newark | $406,000 | $2,420 | 7.2% | 3.2% | -$1,117 | -0.5% |
| 07103Newark | $402,000 | $2,157 | 6.4% | 2.1% | -$1,467 | +0.1% |
| 07018East Orange | $472,000 | $2,188 | 5.6% | 1.0% | -$2,146 | +1.5% |
| 07111Irvington | $423,000 | $1,942 | 5.5% | 0.6% | -$2,063 | -0.9% |
| 07109Belleville | $522,000 | $2,323 | 5.3% | 0.9% | -$2,405 | +1.0% |
| 07114Newark | $459,000 | $1,987 | 5.2% | 0.6% | -$2,241 | -2.7% |
| 07105Newark | $556,000 | $2,393 | 5.2% | 1.3% | -$2,382 | +1.2% |
| 07106Newark | $467,000 | $1,993 | 5.1% | 1.3% | -$2,020 | -0.9% |
| 07052West Orange | $696,000 | $2,938 | 5.1% | 1.4% | -$2,956 | +2.3% |
| 07050Orange | $476,000 | $1,999 | 5.0% | 0.3% | -$2,457 | -4.0% |
| 07108Newark | $502,000 | $2,081 | 5.0% | 1.1% | -$2,262 | -0.4% |
| 07039Livingston | $1,101,000 | $4,524 | 4.9% | 1.9% | -$4,172 | +1.3% |
| 07112Newark | $497,000 | $2,015 | 4.9% | 0.9% | -$2,318 | -0.1% |
| 07003Bloomfield | $611,000 | $2,456 | 4.8% | 0.8% | -$2,893 | +2.4% |
| 07068Roseland | $828,000 | $3,310* | 4.8% | 1.5% | -$3,452 | n/a |
| 07004Fairfield | $829,000 | $3,310* | 4.8% | 1.5% | -$3,422 | n/a |
| 07017East Orange | $492,000 | $1,952 | 4.8% | 0.1% | -$2,604 | +0.5% |
| 07104Newark | $498,000 | $1,970 | 4.8% | 0.8% | -$2,339 | +4.7% |
| 07044Verona | $773,000 | $2,993 | 4.7% | 1.2% | -$3,407 | n/a |
| 07107Newark | $507,000 | $1,963 | 4.7% | 0.8% | -$2,417 | -0.7% |
| 07110Nutley | $660,000 | $2,301 | 4.2% | 0.4% | -$3,312 | n/a |
| 07042Montclair | $952,000 | $3,001 | 3.8% | 0.9% | -$4,424 | +2.6% |
| 07009Cedar Grove | $780,000 | $2,450* | 3.8% | 0.5% | -$3,890 | n/a |
| 07078Short Hills | $2,382,000 | $7,342 | 3.7% | 1.6% | -$9,743 | n/a |
| 07006West Caldwell | $856,000 | $2,634 | 3.7% | 0.6% | -$4,205 | n/a |
| 07040Maplewood | $974,000 | $2,797 | 3.5% | 0.4% | -$4,898 | n/a |
| 07041Millburn | $1,308,000 | $3,708 | 3.4% | 0.8% | -$6,185 | n/a |
| 07079South Orange | $1,080,000 | $2,975 | 3.3% | 0.6% | -$5,315 | +4.2% |
| 07043Montclair | $1,405,000 | $3,778 | 3.2% | 0.7% | -$6,795 | n/a |
| 07028Glen Ridge | $1,183,000 | $2,863 | 2.9% | 0.2% | -$6,194 | n/a |
| 07021Essex Fells | $1,464,000 | $2,850* | 2.3% | -0.0% | -$7,897 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.7%
- Rent, 12 months
- +0.8%
- Rent minus price growth
- -3.0 pts
- Property tax
- 1.91%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $502,976 | $1,753 |
| Aug 2022 | $545,881 | $1,970 |
| Aug 2023 | $570,081 | $2,070 |
| Aug 2024 | $620,686 | $2,185 |
| Aug 2025 | $641,202 | $2,269 |
| Aug 2026 | $664,986 | $2,286 |
HUD Fair Market Rent
FY2027, Newark, NJ HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,637 | $1,850 | $2,233 | $2,785 | $3,188 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 14.6
- 4,667 units, last 12 months
- National percentile
- 82th
- among US counties
Tools
Test a listing in Essex County against today's rate.
Open the calculatorPart of the New York, NY metro.
Questions
- Is Essex County good for rental property?
- The typical home here runs -$3,352 a month at 7.78% with 25% down. 0 of 27 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.8%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Essex County?
- About 1.91% of value, from Census ACS median taxes paid over median home value. On a $665,000 home that is about $12,688 a year.
- What is Fair Market Rent in Essex County?
- HUD's FY2027 Fair Market Rent here is $1,850 for a 1-bedroom, $2,233 for a 2-bedroom and $2,785 for a 3-bedroom. Typical cash flow at today's rate is -$3,352 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.