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Rental Insights for ZIP Code 07030 (Hoboken, NJ)

Housing Rentals in ZIP Code 07030 (Hoboken, NJ)

07030 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 07030

ZIP Code 07030 is primarily located in Hoboken, NJ in Hudson County. The estimated median housing rent in this region of New Jersey is $2,315 per month. About 67.2% of housing units in this Hudson County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 5.2%.

The median rent in ZIP Code 07030 of $2,315 per month is 74% higher than the aggregate New Jersey median monthly rent of $1,334, and is 118% higher than the $1,062 the median monthly rent in the U.S. overall. An estimated 29.9% of renters in ZIP Code 07030 pay $3,000 or more per month for housing. That is 865% higher than in New Jersey overall, in which 3.1% of total state residents pay $3,000 or more per month for housing. Just 8.1% of renters in this Hoboken, NJ region pay less than $500 per month for rent.

ZIP Code 07030 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 07030

See the chart below for a comparison of monthly rental costs in ZIP Code 07030, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 07030 along with those in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 07030

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 07030 New Jersey U.S.
Less than $500 8.1% 8.0% 9.4%
$500 to $999 9.6% 16.0% 36.2%
$1,000 to $1,499 10.3% 38.7% 30.0%
$1,500 to $1,999 13.5% 22.0% 14.0%
$2,000 to $2,499 13.4% 8.5% 5.6%
$2,500 to $2,999 15.2% 3.6% 2.4%
$3,000 or more 29.9% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 07030

Renters in ZIP Code 07030 use an estimated 24.73% of their income to cover their monthly rent payments. That is about 19% lower than in New Jersey overall. The estimate for New Jersey overall is 30.35% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 07030 renters use about 17% less of their income to cover rent expense. Household income figures for ZIP Code 07030 come in higher than in New Jersey as a whole. The median annual household income in ZIP Code 07030 of $147,620 sits approximately 79% higher than the overall New Jersey median income of $82,545 and approximately 135% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 07030

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 07030, New Jersey, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 07030 along with the same calculations in the state of New Jersey and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 07030

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 07030 New Jersey U.S.
Less than 15.0 percent 22.3% 12.1% 13.1%
15.0 to 19.9 percent 15.8% 12.4% 12.9%
20.0 to 24.9 percent 17.7% 12.6% 12.9%
25.0 to 29.9 percent 13.3% 11.6% 11.6%
30.0 to 34.9 percent 10.0% 9.0% 9.1%
35.0 percent or more 20.8% 42.4% 40.5%

Household Income in ZIP Code 07030

See the table below for the regional comparison of annual household income in ZIP Code 07030.

Income ZIP 07030 New Jersey U.S.
Less than $10,000 4.8% 4.9% 6.0%
$10,000 to $14,999 2.8% 3.2% 4.3%
$15,000 to $24,999 3.8% 7.1% 8.9%
$25,000 to $34,999 3.1% 6.9% 8.9%
$35,000 to $49,999 3.9% 9.4% 12.3%
$50,000 to $74,999 7.1% 14.6% 17.2%
$75,000 to $99,999 9.6% 12.1% 12.7%
$100,000 to $149,999 15.4% 17.7% 15.1%
$150,000 to $199,999 15.0% 10.1% 6.8%
$200,000 or more 34.7% 14.0% 7.7%

Household Income in ZIP Code 07030

See the chart below for a comparison of annual household income figures in ZIP Code 07030, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 07030 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 07030

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 07030.

ZIP 07030 New Jersey U.S.
Median Housing Rent $2,315 $1,334 $1,062
Renter-Occupied Housing Units 67.2% 36.1% 36.0%
Rental Vacancy Rate 5.2% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.01 2.50 2.49
Average # of Bedrooms Per Unit 1.74 2.75 2.75
Percent of Income Spent on Rent 24.73% 30.35% 29.83%
Per Capita Income $90,771 $42,745 $34,103
Median Household Income $189,092 $114,691 $88,607
Living Below the Poverty Line 4.5% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 07030

In ZIP Code 07030 (Hoboken, NJ), and estimated 67.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.2%.

The per capita income in 07030 is estimated at $90,771, which goes along with an estimated median household income of $189,092. About 4.5% of residents in this Hudson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.01 occupants, while the units have an aggregate average size of 1.74 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24.73% of their income on housing rental costs.

Rental FAQs for ZIP Code 07030

1

What is the median monthly rent in ZIP Code 07030?

Median rent for housing in ZIP Code 07030 in Hudson County in New Jersey is approximately $2,315 per month.
2

Is it expensive to rent in ZIP Code 07030?

Rent in ZIP Code 07030 is higher than average in the state of New Jersey overall. The median monthly rent of $2,315 in ZIP Code 07030 is approximately 74% higher than the New Jersey median of $1,334. Additionally, median rent in this Hoboken, NJ region ($2,315) is about 118% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 07030?

High-priced rentals are more common in ZIP Code 07030 than in New Jersey overall. The percentage of rentals in ZIP Code 07030 that cost $3,000 or more per month (29.9%) is about 865% higher than the New Jersey rate of 3.1% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 1146% lower than the aforementioned 07030 rate of 29.9%.
4

Are affordable rentals common in ZIP Code 07030?

Affordable rentals are less common in ZIP Code 07030 than in New Jersey overall. The percentage of housing rentals in ZIP Code 07030 costing $999 or less per month (17.7%) is approximately 26% lower than the New Jersey rate of 24% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 61% higher than the previously mentioned 07030 rate of 17.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 07030?

The most common range for rental cost in ZIP Code 07030 is $3,000 or more per month. About 29.9% of renters in 07030 pay in this range for monthly rent. In comparison, approximately 3.1% of renters in the state of New Jersey fall in the $3,000 or more range, and 2.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 07030 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 07030 is higher than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 5.2% in ZIP Code 07030 is about 8% higher than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Hoboken, NJ region (5.2%) is an estimated 13% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 07030? How does it compare to other New Jersey regions?

Median household income in ZIP Code 07030 is higher than in the state of New Jersey overall. Annual household income of $147,620 in ZIP Code 07030 is about 79% higher than the New Jersey median of $82,545. Additionally, median household income in this Hoboken, NJ region ($147,620) is approximately 135% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 07030 spend on housing costs?

Renters in ZIP Code 07030 spend a lower amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 07030 spend an estimated 24.73% of their income on rent payments, which is about 19% lower than the overall New Jersey estimated rate of 30.35%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 17% higher than the ZIP Code 07030 estimated rate of 24.73%.
9

Do renters in ZIP Code 07030 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 07030 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 07030 spending 30 percent or more of their income on rent costs (30.8%) is approximately 40% lower than the New Jersey rate of 51.4% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 38% higher than the aforementioned 07030 rate of 30.8%.
10

What is the average household size of renter-occupied units in ZIP Code 07030?

The average household size of renter-occupied units in ZIP Code 07030 is lower than in the state of New Jersey overall. Annual household size of 2.01 in ZIP Code 07030 is about 20% lower than the New Jersey median of 2.50. Additionally, median household size in this Hoboken, NJ region (2.01) is approximately 19% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes