Bernardsville, NJ

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Bernardsville short-term rental market based on reliable data.

Listings

4 / 19

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$47,497

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$979,321

Median Home Sale Price

Top Earners

$67,281

Top-Earners Revenue

Bernardsville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bernardsville.

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B

Generally Investor friendly

Bernardsville Regulations

Bernardsville currently has no dedicated STR ordinance, so operating a short‑term rental requires no municipal permit, license, or fee— zoning and state occupancy tax compliance plus standard life‑safety and HOA rules apply. The absence of caps or inspections and the lack of a burdensome permitting process keeps entry costs low, but a previously delayed cottage‑rental ordinance and possible future restrictions introduce compliance risk. Overall, STRs are permitted with a straightforward compliance path, though enforcement and caps could change.

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About Bernardsville

Bernardsville () is the northernmost borough in Somerset County, in the U.S. state of New Jersey. Situated in the heart of the Raritan Valley region, the borough is part of the Somerset Hills. As of the 2020 United States census, the borough's population was 7,893, an increase of 186 (+2.4%) from the 2010 census count of 7,707, which in turn reflected an increase of 362 (+4.9%) from the 7,345 counted in the 2000 census. Bernardsville is often mispronounced as "Ber-NARDS-ville" as opposed to the correct pronunciation "BER-nards-ville".Bernardsville was incorporated as a borough by an act of the New Jersey Legislature on March 6, 1924, from portions of Bernards Township, based on the results of a referendum held on April 29, 1924. The borough was named for Sir Francis Bernard, 1st Baronet, who served as governor of the Province of New Jersey before the Revolutionary War. In 2009, part of the borough was listed on the National Register of Historic Places as the Olcott Avenue Historic District.In 2000, Bernardsville had the 10th-highest per capita income in the state. Based on data from the 2006–2010 American Community Survey, the borough had a per-capita income of $70,141, ranked 27th in the state. In 2019, the borough was ranked by Bloomberg News as 64th of 100 on its 2019 list of Bloomberg Richest Places, one of 18 in the state included on the list.

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