Princeton, NJ—08542
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princeton, NJ
As of Oct '25, the median home price in Princeton, NJ is $897,000, with a year-over-year change of 2.9%. This indicates that home prices in Princeton, NJ are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $897,000 | 2.9% |
| Single Family | $1,030,000 | 2.4% |
| Condos | $606,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $834,000 | 2.5% |
3 Bed | $974,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Princeton, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeton, NJ is 110. 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,320,000 | 20.0% |
Listing Count | 11 | -26.0% |
| Listings as % of Homes | 0.7% | -26.0% |
Days on Market | 110 | 97.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
Mortgage and Risk — Princeton, NJ
Princeton, NJ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip 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 |
Loan Activity
No data available
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $897,000 |
| Median Household Income | $105,000 |