Princeton Junction, NJ—08550
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princeton Junction, NJ
As of Oct '25, the median home price in Princeton Junction, NJ is $992,000, with a year-over-year change of 3.1%. This indicates that home prices in Princeton Junction, NJ are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $992,000 | 3.1% |
| Single Family | $1,004,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $592,000 | 2.6% |
3 Bed | $734,000 | 0.8% |
4 Bed | $1,092,000 | 3.1% |
| 5 Bed | $1,257,000 | 1.9% |
% of Housing Stock
Rental Trends — Princeton Junction, NJ
As of July '25, Rentcast reports the average rent in Princeton Junction, NJ is $4,220, with a year-over-year rent change of 28.7%. Per bedroom, the median rent as of July '25 in Princeton Junction, NJ is studios: $2,360, 1-bedrooms: $2,040, 2-bedrooms: $3,380, 3-bedrooms: $4,660, 4-bedrooms: $4,870. The most common rental property sizes in Princeton Junction, NJ are 2-bedroom and 1-bedroom, accounting for 55.4% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,220 |
| Studio Rent | $2,220 | $2,360 |
| 1 Bed Rent | $1,920 | $2,040 |
| 2 Bed Rent | $3,650 | $3,380 |
| 3 Bed Rent | $4,800 | $4,660 |
| 4 Bed Rent | $4,150 | $4,870 |
% of Rental Stock
Property Listings — Princeton Junction, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeton Junction, NJ is 52. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $929,000 | 0.0% |
Listing Count | 66 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 52 | 46.0% |
Demographics — Princeton Junction, NJ
As of the latest ACS Survey released in 2023, Princeton Junction, NJ has a population of 20,900, which has increased by 8.5% over the past 5 years. Princeton Junction, NJ is a moderately popular place for families, as children make up 23.6% of the population. The area has a highly educated workforce, with 84.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 40.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,900 | 8.5% |
% Under 18 | 23.6% | -1.7% |
% Seniors | 17.4% | 14.5% |
% WFH | 40.8% | 436.8% |
% w/ College Degree | 84.5% | 2.1% |
As of the latest ACS Survey released in 2023, Princeton Junction, NJ is a predominantly asian area, with 52.5% of the population identifying as asian. The asian population has grown by 19.6% in the last 5 years. The second most common race or ethnicity in Princeton Junction, NJ is white, making up 36.9% of the population. Foreign-born residents account for 44.7% of the population in Princeton Junction, NJ, and this percentage has increased by 22.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 36.9% | -26.1% |
% Black | 1.7% | 21.4% |
% Hispanic | 5.7% | 103.6% |
% Asian | 52.5% | 19.6% |
% Foreign Born | 44.7% | 22.5% |
Mortgage and Risk — Princeton Junction, NJ
According to HUD data as of 2023, there were 239 mortgage originations in Princeton Junction, NJ, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Princeton Junction, NJ. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Princeton Junction, NJ
As of 2024, the percent of homes in Princeton Junction, NJ under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Princeton Junction, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,920 | $2,410 |
| 2 Bedroom | -$610 | $3,650 | $3,040 |
| 3 Bedroom | -$1,140 | $4,800 | $3,660 |
| 4 Bedroom | -$30 | $4,150 | $4,120 |
Affordability — Princeton Junction, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $992,000 |
| Median Household Income | $207,000 |