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Rental Insights for ZIP Code 07642 (Hillsdale, NJ)

Housing Rentals in ZIP Code 07642 (Hillsdale, NJ)

07642 ZIP Code in New Jersey

Learn About Housing Rentals in ZIP Code 07642

ZIP Code 07642 is primarily located in Hillsdale, NJ in Bergen County. The estimated median housing rent in this region of New Jersey is $1,405 per month. Approximately 14.9% of housing units in this Bergen County ZIP Code are renter-occupied, and the region has an estimated vacancy rate of zero.

The median rent in ZIP Code 07642 of $1,405 per month is 5% higher than the aggregate New Jersey median monthly rent of $1,334, and is 32% higher than the $1,062 the median monthly rent in the U.S. overall. About 39.6% of residents in ZIP Code 07642 pay between $1,000 and $1,499 per month for rent. That is 2% higher 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 3.9% of renters in this Hillsdale, NJ region pay $3,000 or more for monthly rent.

ZIP Code 07642 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 07642

See the chart below for a comparison of monthly rental costs in ZIP Code 07642, New Jersey, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 07642 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 07642

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

Cost ZIP 07642 New Jersey U.S.
Less than $500 10.3% 8.0% 9.4%
$500 to $999 9.4% 16.0% 36.2%
$1,000 to $1,499 39.6% 38.7% 30.0%
$1,500 to $1,999 9.9% 22.0% 14.0%
$2,000 to $2,499 14.1% 8.5% 5.6%
$2,500 to $2,999 12.8% 3.6% 2.4%
$3,000 or more 3.9% 3.1% 2.4%

Rent Cost vs. Income in ZIP Code 07642

Renters in ZIP Code 07642 use an estimated 30.45% of their income to cover their monthly rent payments. That is about 0% higher 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 07642 renters use about 2% more of their income to cover rent expense. Household income figures for ZIP Code 07642 come in higher than in New Jersey as a whole. The median annual household income in ZIP Code 07642 of $146,108 sits approximately 77% higher than the overall New Jersey median income of $82,545 and approximately 132% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 07642

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 07642, 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 07642 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 07642

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

Rent Cost as % of Income ZIP 07642 New Jersey U.S.
Less than 15.0 percent 14.9% 12.1% 13.1%
15.0 to 19.9 percent 11.4% 12.4% 12.9%
20.0 to 24.9 percent 9.6% 12.6% 12.9%
25.0 to 29.9 percent 6.8% 11.6% 11.6%
30.0 to 34.9 percent 14.2% 9.0% 9.1%
35.0 percent or more 43.1% 42.4% 40.5%

Household Income in ZIP Code 07642

See the table below for the regional comparison of annual household income in ZIP Code 07642.

Income ZIP 07642 New Jersey U.S.
Less than $10,000 4.2% 4.9% 6.0%
$10,000 to $14,999 2.0% 3.2% 4.3%
$15,000 to $24,999 2.8% 7.1% 8.9%
$25,000 to $34,999 1.9% 6.9% 8.9%
$35,000 to $49,999 6.5% 9.4% 12.3%
$50,000 to $74,999 11.7% 14.6% 17.2%
$75,000 to $99,999 7.5% 12.1% 12.7%
$100,000 to $149,999 14.3% 17.7% 15.1%
$150,000 to $199,999 18.9% 10.1% 6.8%
$200,000 or more 30.2% 14.0% 7.7%

Household Income in ZIP Code 07642

See the chart below for a comparison of annual household income figures in ZIP Code 07642, New Jersey, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 07642 alongside the same figures for the state of New Jersey and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 07642

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 07642.

ZIP 07642 New Jersey U.S.
Median Housing Rent $1,405 $1,334 $1,062
Renter-Occupied Housing Units 14.9% 36.1% 36.0%
Rental Vacancy Rate 0.0% 4.8% 6.0%
Average Size of Renter-Occupied Unit 2.38 2.50 2.49
Average # of Bedrooms Per Unit 3.41 2.75 2.75
Percent of Income Spent on Rent 30.45% 30.35% 29.83%
Per Capita Income $56,188 $42,745 $34,103
Median Household Income $165,750 $114,691 $88,607
Living Below the Poverty Line 3.9% 7.2% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 07642

In ZIP Code 07642 (Hillsdale, NJ), and estimated 14.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 07642 is estimated at $56,188, which goes along with an estimated median household income of $165,750. About 3.9% of residents in this Bergen County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.38 occupants, while the units have an aggregate average size of 3.41 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.45% of their income on housing rental costs.

Rental FAQs for ZIP Code 07642

1

What is the median monthly rent in ZIP Code 07642?

Median rent for housing in ZIP Code 07642 in Bergen County in New Jersey is approximately $1,405 per month.
2

Is it expensive to rent in ZIP Code 07642?

Rent in ZIP Code 07642 is higher than average in the state of New Jersey overall. The median monthly rent of $1,405 in ZIP Code 07642 is approximately 5% higher than the New Jersey median of $1,334. Additionally, median rent in this Hillsdale, NJ region ($1,405) is about 32% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 07642?

High-priced rentals are more common in ZIP Code 07642 than in New Jersey overall. The percentage of rentals in ZIP Code 07642 that cost $3,000 or more per month (3.9%) is about 26% 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 63% lower than the aforementioned 07642 rate of 3.9%.
4

Are affordable rentals common in ZIP Code 07642?

Affordable rentals are less common in ZIP Code 07642 than in New Jersey overall. The percentage of housing rentals in ZIP Code 07642 costing $999 or less per month (19.7%) is approximately 18% 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 57% higher than the previously mentioned 07642 rate of 19.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 07642?

The most common range for rental cost in ZIP Code 07642 is between $1,000 and $1,499 per month. About 39.6% of renters in 07642 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 07642 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 07642 is lower than the rental vacancy rate in the state of New Jersey overall. Rental vacancy of 0.0% in ZIP Code 07642 is about 100% lower than the New Jersey rate of 4.8%. Looking more broadly, rental vacancy in this Hillsdale, NJ region (0.0%) is an estimated 100% 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 07642? How does it compare to other New Jersey regions?

Median household income in ZIP Code 07642 is higher than in the state of New Jersey overall. Annual household income of $146,108 in ZIP Code 07642 is about 77% higher than the New Jersey median of $82,545. Additionally, median household income in this Hillsdale, NJ region ($146,108) is approximately 132% 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 07642 spend on housing costs?

Renters in ZIP Code 07642 spend a higher amount of their income on rent costs than do renters in New Jersey overall. Renters in ZIP Code 07642 spend an estimated 30.45% of their income on rent payments, which is about 0% higher 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 2% lower than the ZIP Code 07642 estimated rate of 30.45%.
9

Do renters in ZIP Code 07642 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 07642 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 07642 spending 30 percent or more of their income on rent costs (57.3%) is approximately 11% higher 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 16% lower than the aforementioned 07642 rate of 57.3%.
10

What is the average household size of renter-occupied units in ZIP Code 07642?

The average household size of renter-occupied units in ZIP Code 07642 is lower than in the state of New Jersey overall. Annual household size of 2.38 in ZIP Code 07642 is about 5% lower than the New Jersey median of 2.50. Additionally, median household size in this Hillsdale, NJ region (2.38) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

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