Market Summary

Short Hills, Essex County, NJ

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Median Home Price Price

$2,132,688 $2.1M

Median Monthly Rent Rent

$4,293 $4.3K

GRM

41.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Essex County

Region Price Rent GRM Display
$1,325,885 $4,512 24.0x
$1,009,183 $3,795 22.0x
$1,150,931 $2,589 37.0x
$1,066,527 $2,344 38.0x

Home prices

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Monthly rent

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GRM

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Similar markets within NJ outside of Essex County

Region Price Rent GRM Display
$1,084,155 $4,513 20.0x
$700,245 $4,319 14.0x
$1,034,080 $3,250 27.0x
$1,430,277 $4,073 29.0x
$1,000,043 $4,443 19.0x
$877,558 $2,624 28.0x
$1,148,667 $2,417 40.0x
$960,142 $3,838 21.0x
$1,164,767 $2,995 32.0x
$1,029,590 $4,452 19.0x
$1,338,439 $4,539 25.0x
$1,127,510 $4,477 21.0x
$1,168,526 $4,462 22.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of NJ

Region Price Rent GRM Display
$1,545,741 $2,969 43.0x
$2,070,957 $4,445 39.0x
$1,395,925 $4,264 27.0x
$832,691 $1,753 40.0x
$1,521,273 $3,920 32.0x
$513,065 $1,385 31.0x
$1,274,156 $4,406 24.0x
$1,638,742 $2,339 58.0x
$2,147,281 $2,877 62.0x
$2,655,901 $4,579 48.0x
$1,126,583 $3,226 29.0x
$2,239,694 $2,038 91.0x
$516,904 $3,854 11.0x
$479,700 $1,511 26.0x
$2,057,244 $2,344 73.0x
$1,422,335 $2,783 42.0x
$1,248,203 $4,417 23.0x
$2,083,113 $2,877 60.0x
$517,165 $1,640 26.0x
$2,088,504 $2,862 61.0x
$2,016,712 $2,945 57.0x
$925,080 $4,390 18.0x
$1,225,391 $2,992 34.0x
$712,028 $4,351 14.0x
$2,062,203 $2,641 65.0x
$1,884,030 $4,338 36.0x
$174,903 $739 20.0x
$359,228 $1,661 18.0x
$1,405,765 $3,804 31.0x
$458,644 $1,266 30.0x

Home prices

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Monthly rent

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GRM

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Short Hills

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Trend Insights

Median Rent in Short Hills, NJ is $4,293, with MoM change +$53 and YoY change +$442 pointing to positive momentum while volatility is low (std $116).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Short Hills, NJ.

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Metric
Base market Short Hills, NJ
Compare market Select a market
Delta vs base
Median rent
$4,293
N/A
Median price
$2,132,688
N/A
YoY change
+$442
N/A
Price-to-rent
41.4x
Data unavailable
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