The housing market in Princeton, NJ is quite impressive. With a median value of $868,000, it is nearly three times the national median house value of $338,100. In addition to its already impressive value, homes in Princeton have appreciated at an annual rate of 16.62%, compared to just 8.27% for the US as a whole over the past year. This illustrates the stability and strength of the housing market in Princeton and makes it an attractive option for those looking to purchase or invest in real estate.
The median home cost in Princeton is $868,000. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Princeton is up 18.4%.
Average Age of Homes
- The median age of Princeton real estate is 59 years old
The Rental Market in Princeton
- Renters make up 38.4% of the Princeton population
- 1.1% of houses and apartments in Princeton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.