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Princeton, NJ

Full City Profile · New Jersey · Mercer County County

3.6 /5.0
B+ Good
30,451 Population 1,696/sq mi density
$184,113 Median Income $86,332 per capita
$1,040,400 Home Value $943,925 Zillow
$2,448 Median Rent 26.6% income on rent
53°F Avg Temperature 275 sunny days/yr
32 Violent Crime/100K 753 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$184,113 median income, 2.8% unemployment
B
Affordability
3.5 / 5.0
$1,040,400 home value, $2,448/mo rent
F
Safety
1.0 / 5.0
32 violent crimes/100K
A+
Education
5.0 / 5.0
84.6% bachelor's degree or higher

Housing Overview

Median Home Value
$1,040,400
269% above
US avg: $281,900
Median Rent
$2,448/mo
110% above
US avg: $1,163/mo
Homeownership Rate
56.0%
14% below US avg (65.4%)
Total Housing Units
9,922
Median year built: 1965

Home Value by Source

Census Median
$1,040,400
Zillow (ZHVI)
$943,925
Median Sale Price
$1,389,000
Median List Price
$1,224,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

56.0%
Owner-Occupied
44.0%
Renter-Occupied
56%
44%
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: $2,448/mo · Zillow rent: $3,188/mo

Market Indicators (Redfin)

Median Days on Market
104 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
15.6%
of listings with price reduction
Price Per Sq Ft
$507
Active Inventory
45
homes for sale

Affordability & Housing Stock

Rent Burden
26.6%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
56.0%

Complete Housing Data

Home Values

Census Median Value$1,040,400
Zillow Home Value (ZHVI)$943,925
Median Sale Price$1,389,000
Median List Price$1,224,500
Price Per Sq Ft$507

Rent

Census Median Rent$2,448
Zillow Rent (ZORI)$3,188
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

Days on Market104
Sale-to-List Ratio1.0%
Price Drops15.6%
Homes Sold8
Active Inventory45
Price Per Sq Ft$507

Ownership & Stock

Owner-Occupied56.0%
Renter-Occupied44.0%
Homeownership Rate56.0%
Total Housing Units9,922
Median Year Built1965
Rent Burden26.6%