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2025 Compare Cities Housing:
Princeton, NJ vs Parsippany-Troy Hills, NJ

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Highlights
- The median age of a home in Princeton is 8.8% older than the median age of a home in Parsippany-Troy Hills.
 Princeton, NJParsippany-Troy Hills, NJUnited States
 Median Home Age57  Unlock42
 Median Home Cost  Unlock$541,800$338,100
 Home Appr. Last 12 months18.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock40.7%57.0%
 Home Appr. Last 10 yrs.62.6%  Unlock101.1%
 Property Tax Rate  Unlock$22.1$11.0
 Homes Owned52.5%  Unlock57.4%
 Housing Vacant  Unlock2.9%11.2%
 Homes Rented36.6%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Princeton, NJParsippany-Troy Hills, NJUnited States
 Average Rent  Unlock$2,350$1,840
 Studio Apartment$1,470  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,560$1,180
 2 Bedroom Home or Apartment$2,220  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,380$1,860
 4 Bedroom Home or Apartment$2,970  Unlock$2,160
 space1
 Vacant Housing
 Princeton, NJParsippany-Troy Hills, NJUnited States
 Vacant For Rent  Unlock1.0%1.9%
 Vacant Rented0.0%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.2%  Unlock0.4%
 Vacant Vacation  Unlock0.4%3.6%
 Vacant Other7.6%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Princeton, NJParsippany-Troy Hills, NJUnited States
 Less Than $20,000  Unlock0.3%2.6%
 $20,000 to $39,9990.4%  Unlock2.4%
 $40,000 to $59,999  Unlock0.4%2.8%
 $60,000 to $79,9990.0%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9991.8%  Unlock11.3%
 $150,000 to $199,999  Unlock3.6%13.0%
 $200,000 to $299,9991.0%  Unlock20.1%
 $300,000 to $399,999  Unlock20.6%13.6%
 $400,000 to $499,9991.4%  Unlock8.3%
 $500,000 to $749,999  Unlock33.4%9.7%
 $750,000 to $999,99925.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.4%2.2%
 $1,500,000 to $1,999,9997.6%  Unlock0.8%
 $2,000,000 and over  Unlock0.0%1.1%
 space3
 Housing Units By Year Built
 Princeton, NJParsippany-Troy Hills, NJUnited States
 2015 and Newer0.1%  Unlock0.2%
 2010 to 2014  Unlock5.6%13.6%
 2000 to 20097.1%  Unlock13.6%
 1990 to 1999  Unlock8.3%13.6%
 1980 to 19897.1%  Unlock13.2%
 1970 to 1979  Unlock19.6%14.8%
 1960 to 19698.2%  Unlock13.6%
 1950 to 1959  Unlock14.3%10.0%
 1940 to 19495.0%  Unlock4.7%
 1939 or Earlier  Unlock5.2%12.2%
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Reviews for Princeton    5 Reviews
Philip · Princeton, NJ
College towns are in a class by themselves
Over 15 years ago

Many cities have colleges in them, but Princeton's character and quality of life are very deeply influenced by having such an outstanding school contributing to all  More

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Abhd · Princeton, NJ
Quick response to crime
Over 16 years ago

police are very quick to respond and resolve crime problems. very safe place to live. when you feel safe, all other issues are  More

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katherine  · Princeton, NJ
Homes are Always in Demand!
Over 17 years ago

You'll never lose on a real estate investment in Princeton. It has that cache that people always desire. McCarter Theatre, University concerts, fine dining, great  More

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Reviews for Parsippany-Troy Hills    1 Reviews
Bp · Whippany, NJ
Why Parsippany, New Jersey is a great place to liv
Over 14 years ago

Parsippany, NJ is one of the most desirable towns to live in Morris County for many reasons. -The location of Parsippany is perfect for NYC commuters -There are  More

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Learn More About Princeton, New Jersey
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