Zip 08540 (Princeton, NJ) Housing

The housing market in 08540 Princeton, NJ is thriving. The median value of homes is $746,800, which is significantly higher than the US median value of $338,100. In addition, the appreciation rate for homes in this area has been especially strong at 16.62%, which is substantially higher than the US house appreciation rate of 8.27%. This indicates that investing in Princeton property is a sound investment decision that will yield positive returns over time.

The median home cost in Princeton (zip 08540) is $746,800. Home appreciation the last 10 years has been 62.6%. Home Appreciation in Princeton (zip 08540) is up 18.4%.

Average Age of Homes

- The median age of Princeton (zip 08540) real estate is 35 years old

The Rental Market in Princeton (zip 08540)

- Renters make up 30.6% of the Princeton (zip 08540) population
- 0.9% of houses and apartments in Princeton (zip 08540), 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
	19,020.0	139,647,020.0
	37	42
	$746,800	$338,100
	18.4%	16.6%
	45.9%	57.0%
	62.6%	101.1%
	$27.64	$10.98
	$10,001	$2,690
	60.8%	57.4%
	7.0%	11.2%
	32.2%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.8%	2.4%
	0.3%	2.8%
	0.1%	3.9%
	0.8%	4.5%
	1.4%	11.3%
	1.5%	13.0%
	3.8%	20.1%
	8.8%	13.6%
	10.9%	8.3%
	32.6%	9.7%
	18.6%	3.9%
	11.2%	2.2%
	4.1%	0.8%
	4.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	16.3%	13.6%
	16.3%	13.6%
	15.7%	13.6%
	16.6%	13.2%
	8.5%	14.8%
	15.7%	13.6%
	12.0%	10.0%
	3.8%	4.7%
	10.1%	12.2%

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