Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.73 – 07078, Short Hills, NJ

Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.73 – 07078, Short Hills, NJ

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Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.73 – 07078, Short Hills, NJ

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Estimated zip code population in 2011: 13,157
Zip code population in 2010: 13,250
Zip code population in 2000: 12,849

Zip code 07078 (, New Jersey) real estate house value trends

Houses and condos: 4,157

Renter-occupied apartments: 266

% of renters here: 7%
State: 35%

Mar. 2012 cost of living index in zip code 07078: 119.0 (more than average, U.S. average is 100)

Land area: 6.5 sq. mi.
Water area: 0.5 sq. mi.

Population density: 2,033 people per square mile
 (low).

Real estate property taxes paid for housing units in 2011:

This zip code: 1.0% ($10,001)
New Jersey: 2.2% ($7,042)

Median real estate property taxes paid for housing units with mortgages in 2011: $10,001 (1.0%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $10,001 (1.0%)

Zip code 07078 compared to state average:

  • Median household income significantly above state average.
  • Median house value significantly above state average.
  • Unemployed percentage significantly below state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage significantly below state average.
  • Renting percentage significantly below state average.
  • Number of rooms per house significantly above state average.
  • House age above state average.
  • Percentage of population with a bachelor’s degree or higher above state average.

Notable locations in this zip code not listed on our city pages:

Notable locations in zip code 07078: Short Hills Station (A), East Orange Golf Course (B), Millburn Township Fire Department Station 2 (C). Display/hide their locations on the map

Shopping Center: Short Hills Mall Shopping Center (1). Display/hide its location on the map

Churches in zip code 07078 include: Christ Church in Short Hills (A), The Church of Jesus Christ of Latter Day Saints (B), Saint Rose of Lima Church (C). Display/hide their locations on the map

Lakes and reservoirs: Canoe Brook Reservoir Number 1 (A), Canoe Brook Reservoir Number 2 (B), Taylor Lake (C), Canoe Brook Reservoir Number One (D). Display/hide their locations on the map

Streams, rivers, and creeks: Taylor Brook (A), Canoe Brook (B), Slough Brook (C). Display/hide their locations on the map

Parks in zip code 07078 include: White Oak Ridge Park (1), Fox Hill Reserve (2), Briant Park (3). Display/hide their locations on the map

Tourist attraction (not listed on the city page) : Metropolitan Museum of Artshop (Short Hills Mall).

Estimated household income distribution in 2009:

Zip code 07078 household income distribution in 2009

 

Zip code 07078 house/condo values in 2011

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 07078:

  • Less than $10,000: 10
  • $80,000 to $89,999: 10
  • $100,000 to $124,999: 26
  • $300,000 to $399,999: 16
  • $400,000 to $499,999: 78
  • $500,000 to $749,999: 420
  • $750,000 to $999,999: 923
  • $1,000,000 or more: 2,211

 

 

07078 rent paid by renters

Rent paid by renters in 2011 in zip code 07078:

  • $1,000 to $1,249: 11
  • $1,250 to $1,499: 58
  • $1,500 to $1,999: 87
  • $2,000 or more: 92
  • No cash rent: 18

Household type by relationship:

Households: 13,153

  • In family households: 12,663 (2,408 male householders, 1,114 female householders)

    3,305 spouses, 5,343 children (5,085 natural, 159 adopted, 101 stepchildren), 36 grandchildren, 45 brothers or sisters, 51 parents, 201 other relatives, 160 non-relatives

  • In nonfamily households: 490 (177 male householders (159 living alone)), 261 female householders (241 living alone)), 52 nonrelatives
  • In group quarters: 4 (0 institutionalized population)

Size of family households: 1,109 2-persons, 583 3-persons, 1,101 4-persons, 581 5-persons, 119 6-persons, 29 7-or-more-persons

Size of nonfamily households: 400 1-person, 38 2-persons

4,263 married couples with children.
277 single-parent households (22 men, 255 women).

81.9% of residents of 07078 zip code speak English at home.
2.1% of residents speak Spanish at home (85% very well, 9% well, 6% not well).
7.9% of residents speak other Indo-European language at home (93% very well, 4% well, 3% not well).
7.4% of residents speak Asian or Pacific Island language at home (70% very well, 21% well, 9% not well).
0.7% of residents speak other language at home (83% very well, 17% not well).

Foreign born population: 2,061 (15.7%)
(61.7% of them are naturalized citizens)

This zip code: 15.7%
Whole state: 21.5%

Races in zip code 07078:

White population: 10,530
Black population: 129
American Indian population: 0
Asian population: 2,021
Native Hawaiian and Other Pacific Islander population: 2
Some other race population: 13
Two or more races population: 236
Hispanic or Latino population: 319

07078, Short Hills, NJ

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Home: 2 Jefferson Ave
List Price: $8 Million
Listed With: Keller Williams Realty – Summit NJ