Short Hills, Essex County, NJ

Median Home Price Price

$2,132,688 $2.1M

Median Monthly Rent Rent

$4,293 $4.3K

41.0x

Market Snapshot

Short Hills, Essex County, NJ is a city market with a median home price of $2,132,688, a median monthly rent of $4,293, a GRM of 41.0x, and a price-to-rent ratio of 41.4.

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Home prices

Monthly rent

GRM = home price / annual rent

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Home prices

Monthly rent

GRM = home price / annual rent

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Short Hills

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Benchmark comparison

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Short Hills, NJ
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Delta
Median rent
$4,293
N/A
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Median price
$2,132,688
N/A
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YoY change
+$442
N/A
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Price-to-rent
41.4x
Data unavailable
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Key takeaways

  • Short Hills, Essex County, NJ has a higher-grm screening profile: At 41.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $442 year over year.