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ZIP Code · NJ

ZIP 07078

Pop. 14,613·Essex County·3rd most expensive ZIP in New Jersey
Median rent (all units)
$6,503/mo
Year-over-Year
Stable
Month-over-Month
+8.7%
vs US Median
+$4,538
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 07078 · $6,503
More expensive than 100% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,200
1 BR
$2,490
2 BR
$3,010
3 BR
$3,770
4 BR+
$4,280
Research median
$3,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$78,036/yr
At $6,503/mo median
Location
StateNJ
CountyEssex County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.7% MoM), not inventory.
Demographics

Who lives here

ZIP 07078 (Short Hills, NJ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 92.7% of residents hold a bachelor's degree or higher.

Population
14,613
Median income
$250,001
Median age
41.5
Renters
11.5%
Age distribution
32.2%
35.3%
Under 1832.2%
18–3410.4%
35–5435.3%
55–6410.5%
65+11.5%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
51.8%
40.4%
White51.8%
Black1.4%
Hispanic4.4%
Asian40.4%
Other1.9%
Education (25+)
92.7%
No HS diploma1%
HS diploma2.1%
Some college4.2%
Bachelor's+92.7%
Housing tenure
88.5%
Owner88.5%
Renter11.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07078 in Short Hills, NJ has changed in 5 years

Income
$250,001 → $250,001
up 0.0%
Population
14,285 → 14,613
up 2.3%
Renter share
10.3% → 11.5%
+1.2 pts
Bachelor's+
88.1% → 92.7%
+4.6 pts

Household income in the area moved from $250,001 to $250,001 across the same window, up 0.0% versus 2021. The population has grown by 2.3% since 2021, moving from about 14,285 residents to roughly 14,613. College-educated residents now make up 92.7% of adults here, versus 88.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 07078

About renting in ZIP 07078

Last updated: July 20, 2026

ZIP code 07078 covers Short Hills, NJ. The median rent here is $6,503/mo as of July 2026. A 1-bedroom rents for a median of $2,490/mo. A 2-bedroom rents for a median of $3,010/mo.

At 31% of local median household income ($250,001/yr), ZIP 07078 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07078?

As of July 20, 2026, the median monthly rent in ZIP 07078 (Short Hills, NJ) is $6,503. This is based on aggregated data from public sources and community submissions.

How does ZIP 07078 rent compare to the US average?

ZIP 07078's median rent of $6,503/mo is $4,538 (231%) above the US national median of $1,965/mo.

How does ZIP 07078 compare to other ZIPs in New Jersey?

ZIP 07078 is one of the pricier ZIP codes in New Jersey, ranking #3 out of 212 ZIPs tracked at $6,503/mo.

How much income do you need to rent in ZIP 07078?

To keep rent at or below 30% of gross income, you would need to earn at least $260,000/year (~$125/hour full-time) to afford the median rent of $6,503/mo in ZIP 07078. The local median household income is $250,001/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07078?

Rent in ZIP 07078 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 07078 an affordable place to rent?

ZIP 07078 is considered moderate for renters. At $6,503/mo, rent takes approximately 31% of the local median household income ($250,001/yr). The standard benchmark is 30%. ZIP 07078 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 07078 residents rent vs. own?

According to Census data, approximately 11.5% of ZIP 07078 households are renters, while 88.5% are owner-occupied. ZIP 07078 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 07078 compare to the rest of Short Hills?

ZIP 07078 is pricier than Short Hills as a whole. At $6,503/mo, it's $138 above the Short Hills citywide median of $6,365/mo.

When was rent data for ZIP 07078 last updated?

Rent data for ZIP 07078 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $6,503/mo, rent takes ~31% of ZIP 07078's median household income ($250,001/yr). The standard benchmark is 30%.

ZIP 07078 31%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07078 (Short Hills, NJ)

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