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Cranbury, NJ
Full City Profile · New Jersey · Mercer County County
3.9
/5.0
B+
Good
2,304
Population
1,889/sq mi density
$230,703
Median Income
$90,408 per capita
$794,500
Home Value
$453,908 Zillow
$1,594
Median Rent
22.5% income on rent
53°F
Avg Temperature
275 sunny days/yr
125
Violent Crime/100K
1,144 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$230,703 median income, 2.9% unemployment
A+
Affordability
4.7 / 5.0
$794,500 home value, $1,594/mo rent
F
Safety
1.0 / 5.0
125 violent crimes/100K
A+
Education
5.0 / 5.0
75.8% bachelor's degree or higher
Housing Overview
Median Home Value
$794,500
182% above
US avg: $281,900
Median Rent
$1,594/mo
37% above
US avg: $1,163/mo
Homeownership Rate
86.0%
31% above US avg (65.4%)
Total Housing Units
861
Median year built: 1960
Home Value by Source
Census Median
$794,500
Zillow (ZHVI)
$453,908
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.0%
Owner-Occupied
14.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$1,594/mo
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
86.0%
Complete Housing Data
Home Values
| Census Median Value | $794,500 |
| Zillow Home Value (ZHVI) | $453,908 |
Rent
| Census Median Rent | $1,594 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
Ownership & Stock
| Owner-Occupied | 86.0% |
| Renter-Occupied | 14.0% |
| Homeownership Rate | 86.0% |
| Total Housing Units | 861 |
| Median Year Built | 1960 |
| Rent Burden | 22.5% |