Zip 07078 (Short Hills, NJ) Housing

The housing market in 07078 Short Hills, NJ is one of the most expensive markets in the country. The median value of homes in the area is an astonishing $1,738,200, more than five times that of the national median house value of $338,100. Over the past year, home appreciation rates have surged and even outperformed the national average of 8.27%. In 07078 Short Hills, NJ homes have appreciated an impressive 10.07% over the same period. These figures show that 07078 Short Hills, NJ has a highly desirable real estate market with strong demand and steady growth.

The median home cost in Short Hills (zip 07078) is $1,738,200. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Short Hills (zip 07078) is up 13.9%.

Average Age of Homes

- The median age of Short Hills (zip 07078) real estate is 62 years old

The Rental Market in Short Hills (zip 07078)

- Renters make up 7.3% of the Short Hills (zip 07078) population
- 0.0% of houses and apartments in Short Hills (zip 07078), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Short Hills, New Jersey	United States
	4,527.0	139,647,020.0
	65	42
	$1,738,200	$338,100
	13.9%	16.6%
	43.7%	57.0%
	66.2%	101.1%
	$29.15	$10.98
	$10,001	$2,690
	88.5%	57.4%
	1.4%	11.2%
	10.1%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	1.2%	4.1%
Value of Owner-Occupied Housing
	0.4%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	1.0%	13.0%
	0.7%	20.1%
	0.3%	13.6%
	0.0%	8.3%
	1.3%	9.7%
	16.8%	3.9%
	36.3%	2.2%
	20.9%	0.8%
	22.3%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	0.9%	13.6%
	2.8%	13.2%
	5.1%	14.8%
	0.9%	13.6%
	21.8%	10.0%
	10.3%	4.7%
	26.7%	12.2%

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