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  4. /Cranbury Township, NJ - 08512

Cranbury Township, NJ—08512

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$768,000
1.1% YoY Growth
Household Income
$115,000
28.2% YoY Growth
Days on Market
37
97.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$2,400
20.1% YoY Growth
1-Bed Rent
$1,700
6.5% YoY Growth
2-Bed Rent
$2,300
N/A
3-Bed Rent
$3,900
1.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Cranbury Township, NJ

As of May '26, the median home price in Cranbury Township, NJ is $768,000, with a year-over-year change of 1.1%. This indicates that home prices in Cranbury Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$768,0001.1%
Single Family $835,0001.2%
Condos $299,000-3.9%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$337,000-4.3%
    3 Bed
    		$733,0002.1%
    4 Bed
    		$999,0004.0%
    5 Bed $1,384,6974.2%
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    % of Housing Stock

    Studio
    4.4%
    1 Bedroom
    15.1%
    2 Bedrooms
    31.4%
    3 Bedrooms
    16.9%
    4 Bedrooms
    23.2%
    5+ Bedrooms
    9.0%

    Rental Trends — Cranbury Township, NJ

    As of July '25, Rentcast reports the average rent in Cranbury Township, NJ is $3,140, with a year-over-year rent change of -20.1%. Per bedroom, the median rent as of July '25 in Cranbury Township, NJ is 1-bedrooms: $1,730, 2-bedrooms: $2,360, 3-bedrooms: $3,690, 4-bedrooms: $8,250. The most common rental property sizes in Cranbury Township, NJ are 2-bedroom and 1-bedroom, accounting for 55.0% and 27.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,400$3,140
    Studio Rent N/AN/A
    1 Bed Rent $1,700$1,730
    2 Bed Rent $2,300$2,360
    3 Bed Rent $3,900$3,690
    4 Bed Rent $8,250$8,250
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    % of Rental Stock

    Studio
    11.1%
    1 Bedroom
    27.5%
    2 Bedrooms
    55.0%
    3 Bedrooms
    6.1%
    4 Bedrooms
    0.4%

    Property Listings — Cranbury Township, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Cranbury Township, NJ is 37. This is a increase of 97.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$679,000-2.0%
    Listing Count
    		5624.0%
    Listings as % of Homes0.2%24.0%
    Days on Market
    		3797.0%
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    Demographics — Cranbury Township, NJ

    As of the latest ACS Survey released in 2023, Cranbury Township, NJ has a population of 12,500, which has increased by 12.9% over the past 5 years. Cranbury Township, NJ is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 55.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,50012.9%
    % Under 18
    		17.1%-26.0%
    % Seniors
    		22.4%37.4%
    % WFH
    		22.8%132.7%
    % w/ College Degree
    		55.0%-1.8%
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    As of the latest ACS Survey released in 2023, Cranbury Township, NJ is a predominantly white area, with 47.2% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Cranbury Township, NJ is asian, making up 26.2% of the population. Foreign-born residents account for 34.4% of the population in Cranbury Township, NJ, and this percentage has increased by 13.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		47.2%-8.7%
    % Black
    		10.0%92.3%
    % Hispanic
    		14.9%-28.0%
    % Asian
    		26.2%28.4%
    % Foreign Born
    		34.4%13.9%
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    Mortgage and Risk — Cranbury Township, NJ

    According to HUD data as of 2023, there were 113 mortgage originations in Cranbury Township, NJ, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Cranbury Township, NJ. Investor activity is low, as 1.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		113
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Cranbury Township, NJ

    As of 2024, the percent of homes in Cranbury Township, NJ under the Section 8 program is 1.2%. 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. In Cranbury Township, NJ, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		26
    Total Units Section 8
    		24
    % Rentals under Section 8
    		1.2%
    % Occupied Section 8
    		100.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$70$1,700$1,630
    2 Bedroom-$250$2,300$2,050
    3 Bedroom-$1,410$3,900$2,490
    4 Bedroom-$5,520$8,250$2,730

    Affordability — Cranbury Township, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$768,000
    Median Household Income$115,000

    Cranbury Township, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions