Is Short Hills, NJ a good place to invest in rental property?

Short Hills, NJ has a median modeled monthly cash flow of $-16,315 and a median cap rate of 1.0%, on a median sold price of $2,100,000. Prices changed -33.6% year over year.

What is the average cap rate in Short Hills, NJ?

The median cap rate across recently sold homes in Short Hills, NJ is 1.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Short Hills, NJ?

The median sold price in Short Hills, NJ is $2,100,000 (about $350 per square foot).

Investing in Short Hills, NJ Real Estate

A data-driven snapshot of the Short Hills, NJ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$2,100,000Median sold price

$350Median $/sqft

1.0%Median cap rate

$-16,315Modeled cash flow / mo

-33.6%Appreciation YoY

1.6Months of supply

28Active listings

204Sold (last 12 mo)

What the Short Hills numbers say

In Short Hills, NJ, the median home sold for $2,100,000 (about $350 per square foot), and the typical deal models out to a 1.0% cap rate with a median $-16,315 of monthly cash flow. Sold prices moved -33.6% over the past year. Inventory sits at about 1.6 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Short Hills cash-flowing listings

CashFlowRE ranks every for-sale home in Short Hills, NJ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Short Hills deals, or browse the national market data.