Welcome to our 8540 real estate data hub, tailored for investors in Princeton, NJ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 8540 in Princeton, NJ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MERCER COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Princeton, NJ real estate investing. Uncover the wealth of information available, and position yourself for success in the Princeton property market.
-
Location Overview
- Zip Code: 8540
- City: Princeton
- State: NJ
- Metro Area: Trenton-Princeton, NJ
- County Name: MERCER COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $767,328
- Average Home Price (Single Family Homes): $826,325
- Average Monthly Rental Price (All Types): $3,002
- Price-to-Rent Ratio: 21
- Zillow Projected % appreciation from 4/2023-4/2024: 0.9%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,370
- Average 3 Bedroom Section 8 Rental Rates: $2,880
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.98
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 22.2
- Number of Units Offered in Section 8 in the County: 4621
- Number of Occupied Units in Section 8 in the County: 4346
- Percentage of Section 8 Units Occupied in the County: 94%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 187.98
- Total % Appreciation since 2000 (Government Data): 119.06
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 6.87%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 25.44%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.19%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 88.92%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.4%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 117.44%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.21%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.46%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 23.45%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 29.46%