There are currently 4,148 real estate properties in Short Hills, NJ, with a median automated valuation model (AVM) price of $1,717,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Short Hills, NJ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Short Hills, NJ, is $1,950,386.00, with the most expensive house in Short Hills, NJ, topping out at $12,891,200.00 and the cheapest home in Short Hills, NJ, clocking in at $667,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Short Hills, NJ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Short Hills, NJ, is on a rollercoaster ride. The average rent price in Short Hills, NJ, is $4,942.00. Indeed, when looking to rent in Short Hills, NJ, you can expect to pay as little as $2,060.00 or as much as $8,440.00, with the average rent median estimated to be $4,920.00. The good news is that finding an affordable and desirable property to rent in Short Hills, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Short Hills, NJ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Short Hills, NJ and much more. Save thousands at closing with home foreclosure listings in Short Hills, NJ — up to 75% off market value!
Short Hills is located in Essex, New Jersey, with an estimated municipal population of 13,428 residents. All of the best foreclosed homes for sale in Short Hills are located in the following zip code areas on Foreclosure.com: 07078. The estimated population per square kilometer (.62 miles) in Short Hills is 987.
So, about how much do homes cost in Short Hills? The most recent median value of resident-owned homes in Short Hills is 1,386,880. An estimated 90.5 percent of households in Short Hills own their homes, with an average family size of 3.4. The median household income in Short Hills is 250,001, with83 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Short Hills, the median commute time of resident workers (in minutes) is 47.1. And last, but certainly not least, are you looking for homes to rent in Short Hills? If so, the average rent price paid by renters in Short Hills is 2,798, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Short Hills, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Short Hills is 41, split between 51 percent male versus 49 female. The percentage of residents who report being married in Short Hills is 74.4, with an average family size of 3.4.
The percentage of residents who report their race in Short Hills is as follows:
| White | 66.3% |
| Black / African American | 0.9% |
| Asian | 26.9% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3% |
| Other | 2.9% |
Looking for family-friendly neighborhoods in and/or near Short Hills? Or maybe you are searching for 55+ active adult communities in and/or near Short Hills?
The percentage of residents who report their age in Short Hills is as follows:
| Under 10 | 15.9% |
| Aged 10-19 | 19.8% |
| 20s | 3.4% |
| 30s | 8% |
| 40s | 19.9% |
| 50s | 15.5% |
| 60s | 8.5% |
| 70s | 6.2% |
| 80+ | 2.7% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Short Hills with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Short Hills.
How do you know that living in -- or moving to -- Short Hills is right where you need to be? Perhaps you grew up in Short Hills or already live nearby; therefore, the decision to buy a home in Short Hills is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Short Hills for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Short Hills:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Short Hills.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Short Hills can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Short Hills, meanwhile, can field multiple offers from more qualified buyers.
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