Zip 08542 (Princeton, NJ) Housing

Housing in 08542 Princeton, NJ is considerably more expensive than the US median value of $338,100. The median value for this area is $672,400 - almost double the national figure. In addition, house appreciation in 08542 Princeton, NJ has been much higher than the national average over the past year. Appreciation rates have been 16.62% compared to 8.27% nationally. This indicates that housing in this area is becoming increasingly desirable and valuable making it a great place to invest or even live.

The median home cost in Princeton (zip 08542) is $672,400. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Princeton (zip 08542) is up 18.4%.

Average Age of Homes

- The median age of Princeton (zip 08542) real estate is 78 years old

The Rental Market in Princeton (zip 08542)

- Renters make up 53.7% of the Princeton (zip 08542) population
- 2.9% of houses and apartments in Princeton (zip 08542), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Princeton, New Jersey	United States
	1,366.0	139,647,020.0
	56	42
	$672,400	$338,100
	18.4%	16.6%
	45.9%	57.0%
	62.6%	101.1%
	$27.64	$10.98
	$8,214	$2,690
	28.3%	57.4%
	26.3%	11.2%
	45.5%	31.4%
Vacant Housing
	2.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.8%	0.4%
	6.4%	3.6%
	15.2%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.0%	2.4%
	4.7%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	7.0%	11.3%
	6.5%	13.0%
	0.0%	20.1%
	29.5%	13.6%
	4.4%	8.3%
	23.1%	9.7%
	10.4%	3.9%
	5.2%	2.2%
	0.0%	0.8%
	9.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.3%	13.6%
	8.3%	13.6%
	2.6%	13.6%
	8.3%	13.2%
	1.8%	14.8%
	2.6%	13.6%
	5.3%	10.0%
	0.9%	4.7%
	58.1%	12.2%

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