Short Hills, NJ

Population: 13,165
Average annual home appreciation rate: 2.92%
Total of homes for sale in this market: 70
Median home price: $1,338,045
Median Rent: $2,112 per room
Home price range: 63.09% of homes are between > $1,007,000
Median sales price: $1,725,000
Number of homes: 17
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 94.31% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 3.94%
Number of renters: 7.01%
Number of owner occupied: 92.99%
Number people living below poverty level: 2.60%
Unemployment rate: 7.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Short Hills area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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