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Rental Insights for ZIP Code 07094 (Secaucus, NJ)

Housing Rentals in ZIP Code 07094 (Secaucus, NJ)

07094 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 07094

ZIP Code 07094 is primarily located in Secaucus, NJ in Hudson County. The estimated median housing rent in this region of New Jersey is $1,689 per month. About 41.8% of housing units in this Hudson County ZIP Code are occupied by renters, while the region has an approximate rental vacancy rate of 7.0%.

The median rent in ZIP Code 07094 of $1,689 per month is 27% higher than the aggregate New Jersey median monthly rent of $1,334, and is 59% higher than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 07094, about 28.5% of renters pay between $1,000 and $1,499 per month for housing. That is 26% lower than in New Jersey overall, in which 38.7% of total state residents pay between $1,000 and $1,499 per month for housing. Just 6.3% of renters in this Secaucus, NJ region pay between $500 and $999 per month for rent.

ZIP Code 07094 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 07094

See the chart below for a comparison of monthly rental costs in ZIP Code 07094, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 07094 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 07094

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

Cost ZIP 07094 New Jersey U.S.
Less than $500 10.6% 8.0% 9.4%
$500 to $999 6.3% 16.0% 36.2%
$1,000 to $1,499 28.5% 38.7% 30.0%
$1,500 to $1,999 12.1% 22.0% 14.0%
$2,000 to $2,499 14.7% 8.5% 5.6%
$2,500 to $2,999 17.3% 3.6% 2.4%
$3,000 or more 10.5% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 07094

Renters in ZIP Code 07094 use an estimated 26.81% of their income to cover their monthly rent payments. That is about 12% 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 07094 renters use about 10% less of their income to cover rent expense. Household income figures for ZIP Code 07094 come in higher than in New Jersey as a whole. The median annual household income in ZIP Code 07094 of $114,821 sits approximately 39% higher than the overall New Jersey median income of $82,545 and approximately 83% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 07094

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 07094, 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 07094 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 07094

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

Rent Cost as % of Income ZIP 07094 New Jersey U.S.
Less than 15.0 percent 17.0% 12.1% 13.1%
15.0 to 19.9 percent 16.5% 12.4% 12.9%
20.0 to 24.9 percent 13.6% 12.6% 12.9%
25.0 to 29.9 percent 17.2% 11.6% 11.6%
30.0 to 34.9 percent 7.4% 9.0% 9.1%
35.0 percent or more 28.3% 42.4% 40.5%

Household Income in ZIP Code 07094

See the table below for the regional comparison of annual household income in ZIP Code 07094.

Income ZIP 07094 New Jersey U.S.
Less than $10,000 3.8% 4.9% 6.0%
$10,000 to $14,999 3.3% 3.2% 4.3%
$15,000 to $24,999 3.5% 7.1% 8.9%
$25,000 to $34,999 5.5% 6.9% 8.9%
$35,000 to $49,999 6.9% 9.4% 12.3%
$50,000 to $74,999 10.8% 14.6% 17.2%
$75,000 to $99,999 10.3% 12.1% 12.7%
$100,000 to $149,999 21.3% 17.7% 15.1%
$150,000 to $199,999 15.4% 10.1% 6.8%
$200,000 or more 19.3% 14.0% 7.7%

Household Income in ZIP Code 07094

See the chart below for a comparison of annual household income figures in ZIP Code 07094, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 07094 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 07094

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 07094.

ZIP 07094 New Jersey U.S.
Median Housing Rent $1,689 $1,334 $1,062
Renter-Occupied Housing Units 41.8% 36.1% 36.0%
Rental Vacancy Rate 7.0% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.37 2.50 2.49
Average # of Bedrooms Per Unit 2.45 2.75 2.75
Percent of Income Spent on Rent 26.81% 30.35% 29.83%
Per Capita Income $49,770 $42,745 $34,103
Median Household Income $130,895 $114,691 $88,607
Living Below the Poverty Line 2.0% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 07094

In ZIP Code 07094 (Secaucus, NJ), and estimated 41.8% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.0%.

The per capita income in 07094 is estimated at $49,770, which goes along with an estimated median household income of $130,895. About 2.0% of residents in this Hudson County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.37 occupants, while the units have an aggregate average size of 2.45 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.81% of their income on housing rental costs.

Rental FAQs for ZIP Code 07094

1

What is the median monthly rent in ZIP Code 07094?

Median rent for housing in ZIP Code 07094 in Hudson County in New Jersey is approximately $1,689 per month.
2

Is it expensive to rent in ZIP Code 07094?

Rent in ZIP Code 07094 is higher than average in the state of New Jersey overall. The median monthly rent of $1,689 in ZIP Code 07094 is approximately 27% higher than the New Jersey median of $1,334. Additionally, median rent in this Secaucus, NJ region ($1,689) is about 59% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 07094?

High-priced rentals are more common in ZIP Code 07094 than in New Jersey overall. The percentage of rentals in ZIP Code 07094 that cost $3,000 or more per month (10.5%) is about 239% 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 338% lower than the aforementioned 07094 rate of 10.5%.
4

Are affordable rentals common in ZIP Code 07094?

Affordable rentals are less common in ZIP Code 07094 than in New Jersey overall. The percentage of housing rentals in ZIP Code 07094 costing $999 or less per month (16.9%) is approximately 30% 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 63% higher than the previously mentioned 07094 rate of 16.9%.
5

What is the most common cost range that rentals fall into in ZIP Code 07094?

The most common range for rental cost in ZIP Code 07094 is between $1,000 and $1,499 per month. About 28.5% of renters in 07094 pay in this range for monthly rent. In comparison, approximately 38.7% of renters in the state of New Jersey fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 07094 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 07094 is higher than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 7.0% in ZIP Code 07094 is about 46% higher than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Secaucus, NJ region (7.0%) is an estimated 17% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 07094? How does it compare to other New Jersey regions?

Median household income in ZIP Code 07094 is higher than in the state of New Jersey overall. Annual household income of $114,821 in ZIP Code 07094 is about 39% higher than the New Jersey median of $82,545. Additionally, median household income in this Secaucus, NJ region ($114,821) is approximately 83% 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 07094 spend on housing costs?

Renters in ZIP Code 07094 spend a lower amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 07094 spend an estimated 26.81% of their income on rent payments, which is about 12% 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 10% higher than the ZIP Code 07094 estimated rate of 26.81%.
9

Do renters in ZIP Code 07094 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 07094 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 07094 spending 30 percent or more of their income on rent costs (35.7%) is approximately 31% 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 28% higher than the aforementioned 07094 rate of 35.7%.
10

What is the average household size of renter-occupied units in ZIP Code 07094?

The average household size of renter-occupied units in ZIP Code 07094 is lower than in the state of New Jersey overall. Annual household size of 2.37 in ZIP Code 07094 is about 5% lower than the New Jersey median of 2.50. Additionally, median household size in this Secaucus, NJ region (2.37) is approximately 5% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other New Jersey ZIP Codes