07078 — Short Hills, NJ home prices
ZIP 07078 is rising fast, a premium-priced area.
Momentum+3.1%Rising fast
Vs typical+315%Premium
Rental yield3.0%Low yield
Real Estate Price Map scores, derived from the data on this page · how we calculate them
2000: $829,817 → today: $2,383,863 (2.9×)
Typical home value
$2,383,863
Zillow ZHVI
Since 2000
+187%
Rank in NJ
#7
of 547 ZIPs
Median rent
$5,981/mo
3.0% gross yield
Market read
At $2,383,863, ZIP 07078 in Short Hills is 315% above the typical NJ ZIP ($574,547), ranking #7 of 547.
It sits in Essex County — see full county data →.
Home value history
Zillow ZHVI, yearly.
🏙️ Short Hills prices🗂️ Essex County data📍 Open in Google Maps📊 All New Jersey home prices🔎 ZIP lookup
Frequently asked questions
What is the average home value in ZIP code 07078?
The typical home in ZIP 07078 (Short Hills, NJ) is worth $2,383,863 — 315% above the typical NJ ZIP ($574,547).
How have home prices in 07078 changed since 2000?
Home values in ZIP 07078 are +187% versus 2000.
What is the rental yield in ZIP 07078?
Median rent is $5,981/mo, about a 3.0% gross yield.
What county is ZIP 07078 in?
ZIP 07078 is in Essex County.
| Year | ZIP 07078 home value |
|---|---|
| 2000 | $829,817 |
| 2001 | $929,404 |
| 2002 | $1,037,872 |
| 2003 | $1,104,913 |
| 2004 | $1,255,069 |
| 2005 | $1,405,785 |
| 2006 | $1,452,372 |
| 2007 | $1,400,276 |
| 2008 | $1,352,713 |
| 2009 | $1,237,744 |
| 2010 | $1,280,992 |
| 2011 | $1,246,708 |
| 2012 | $1,276,248 |
| 2013 | $1,357,887 |
| 2014 | $1,449,694 |
| 2015 | $1,494,167 |
| 2016 | $1,488,532 |
| 2017 | $1,523,709 |
| 2018 | $1,490,761 |
| 2019 | $1,403,454 |
| 2020 | $1,453,388 |
| 2021 | $1,666,540 |
| 2022 | $1,836,316 |
| 2023 | $1,999,456 |
| 2024 | $2,188,207 |
| 2025 | $2,313,279 |
| 2026 | $2,383,863 |