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These days, finding an affordable place to live in the Short Hills area can be challenging. Home prices in Short Hills are now at a median cost of $1,601,705, higher than the New Jersey average of $496,577.
The average cost of rent is $3,304/mo in Short Hills, primarily driven by the current value of real estate in the Short Hills area. In Short Hills, 16.01% of households rent, and 33.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Short Hills is $20,438 per month. Households that rent pay about 16.17% of their income on rent here. Short Hills’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Goulds, FL: less expensive homes
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