ZIP Code 07041 — Short Hills CDP, NJ Demographics & Data

ZIP code 07041 covers Short Hills, NJ in Essex County with a population of about 7,610.

At a glance, the area shows median age of 39.0 (near the U.S. median).

It sits in telephone area codes 862, 973; U.S. House district NJ-11; the NEW YORK media market.

Short Hills, NJ sits in a university / college context (near yeshiva gedolah zichron leyma (2.4 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 07041 is about $220,923 — about 194% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 3.9%; unemployment rate near 6.3%; 81.3% of adults with a bachelor’s degree or higher (about 47.6 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Finance and insurance, Professional services, and Education; about 28.7% of workers reporting work-from-home (about 13.5 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $935,900 — about 169% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,888 (about 62% above the U.S. median rent ($1,163)), and owner-occupancy near 68.1% (about 2.7 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 07041 in Short Hills, NJ, a household would need roughly $258,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,012. That is about 17% above the local median household income ($220,923), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Short Hills CDP, NJ as Relatively High (composite score 97.7), which is among the highest nationally. The strongest component scores on US5 are flood (98.8) and hurricane (91.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Short Hills CDP, NJ show little to no average snow and around 50.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 490 for ZIP 07041 (Short Hills CDP, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.