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  1. Home
  2. /Browse ZIP Codes
  3. /New Jersey
  4. /Princeton, NJ - 08542

Princeton, NJ—08542

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$919,000
4.3% YoY Growth
Household Income
$105,000
23.2% YoY Growth
Days on Market
64
4.0% Longer YoY
Home Price Forecast
2.1%
Median Rent
$3,400
19.7% YoY Growth
1-Bed Rent
$2,680
25.1% YoY Growth
2-Bed Rent
$3,600
19.7% YoY Growth
3-Bed Rent
$6,000
2.1% YoY Growth

Other Zip Codes in Princeton, NJ

0854408540
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Princeton, NJ

As of May '26, the median home price in Princeton, NJ is $919,000, with a year-over-year change of 4.3%. This indicates that home prices in Princeton, NJ are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$919,0004.3%
Single Family $1,062,0005.9%
Condos $612,0001.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$852,0002.3%
    3 Bed
    		$1,000,0003.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    9.1%
    1 Bedroom
    21.3%
    2 Bedrooms
    46.4%
    3 Bedrooms
    16.0%
    4 Bedrooms
    7.3%

    Rental Trends — Princeton, NJ

    As of July '25, Rentcast reports the average rent in Princeton, NJ is $3,780, with a year-over-year rent change of -19.7%. Per bedroom, the median rent as of July '25 in Princeton, NJ is studios: $2,450, 1-bedrooms: $2,840, 2-bedrooms: $4,000, 3-bedrooms: $5,500, 4-bedrooms: $6,500. The most common rental property sizes in Princeton, NJ are 2-bedroom and 1-bedroom, accounting for 44.2% and 23.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$3,400$3,780
    Studio Rent $2,500$2,450
    1 Bed Rent $2,680$2,840
    2 Bed Rent $3,600$4,000
    3 Bed Rent $6,000$5,500
    4 Bed Rent $5,500$6,500
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    % of Rental Stock

    Studio
    15.1%
    1 Bedroom
    23.8%
    2 Bedrooms
    44.2%
    3 Bedrooms
    9.9%
    4 Bedrooms
    7.0%

    Property Listings — Princeton, NJ

    As of May '26, Realtor.com reports that the median days on market for a home in Princeton, NJ is 64. This is a increase of 4.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,100,000-10.0%
    Listing Count
    		15-16.0%
    Listings as % of Homes0.7%-16.0%
    Days on Market
    		644.0%
    Loading chart...

    Demographics — Princeton, NJ

    As of the latest ACS Survey released in 2023, Princeton, NJ has a population of 2,420, which has decreased by -59.3% over the past 5 years. Princeton, NJ is a less popular place for families, as children make up 11.3% of the population. The area has a highly educated workforce, with 69.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,420-59.3%
    % Under 18
    		11.3%-6.6%
    % Seniors
    		10.8%21.3%
    % WFH
    		17.6%117.3%
    % w/ College Degree
    		69.6%12.4%
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    As of the latest ACS Survey released in 2023, Princeton, NJ is a predominantly white area, with 55.5% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Princeton, NJ is hispanic, making up 17.3% of the population. Foreign-born residents account for 32.6% of the population in Princeton, NJ, and this percentage has increased by 16.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		55.5%-1.9%
    % Black
    		11.4%23.9%
    % Hispanic
    		17.3%-17.2%
    % Asian
    		12.4%18.1%
    % Foreign Born
    		32.6%16.4%
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    Mortgage and Risk — Princeton, NJ

    Princeton, NJ lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		N/A
    % Conventional Loans
    		N/A
    % Government Loans
    		N/A
    % Investor Loans
    		N/A
    % Second Loans
    		N/A
    % Cash Out Refinance
    		N/A
    Loading chart...
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    Rentals and Section 8 — Princeton, NJ

    As of 2024, the percent of homes in Princeton, NJ under the Section 8 program is 3.3%. 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 Princeton, 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
    		29
    Total Units Section 8
    		29
    % Rentals under Section 8
    		3.3%
    % Occupied Section 8
    		74.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$390$2,680$2,290
    2 Bedroom-$710$3,600$2,890
    3 Bedroom-$2,520$6,000$3,480
    4 Bedroom-$1,590$5,500$3,910

    Affordability — Princeton, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7.5
    Median Home Price$919,000
    Median Household Income$105,000

    Princeton, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Princeton, NJ

    08544

    Princeton, NJ

    08540

    Rocky Hill, NJ

    08553

    Rockingham, NJ

    08528

    Skillman, NJ

    08558

    Frequently Asked Questions