US5.com
  1. Home
  2. States
  3. New Jersey
  4. ZIP 07078
  5. Housing & Real Estate
Short Hills CDP, NJ

ZIP 07078 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 07078

Median Home Value
$1,627,300
Median Rent
$3,239
Affordability Snapshot
$448,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$10,453/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

41.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 07078 in Short Hills CDP, NJ, a household would need roughly $448,000 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 $10,453. That is about 79% above the local median household income ($250,001), 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.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
88.4%+35% vs US avg
x
Vacancy Rate
0.3%-97% vs US avg
x
Broadband Access
100.0%+15% vs US avg
x
4+ Bedrooms
41.8%+182% vs US avg
x
Built Pre-1939
9.4%-27% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
8.2%-84% vs US avg
x
Mortgage-Free
32.9%-14% vs US avg
x
$1,627,300
Home Value
$3,239
Rent
1958
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached92.1%
  • 1-unit attached0.7%
  • 2-9 units3.8%
  • 10+ units3.4%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,627,300
Median rent$3,239
Owner-occupied88.4%
Vacant0.3%
Price-to-income6.5x
Est. income to buy$448,000