Short Hills CDP: Median Gross Rent Trend
How Short Hills CDP's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,857
2023
$3,259
Total change
+$1,402
% change
+75.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,857 | — |
| 2019 | $2,798 | +$941 (50.7%) |
| 2020 | $2,935 | +$137 (4.9%) |
| 2021 | $3,279 | +$344 (11.7%) |
| 2022 | $3,501 | +$222 (6.8%) |
| 2023 | $3,259 | $242 (-6.9%) |