The story of this market
The typical home in ZIP 08534 sells for about $644,500, or $265 per square foot.
Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $2,004 a month.
ZIP 08534 — Hopewell Township
The 08534 housing market is currently balanced, with listing prices reflecting a robust baseline and steady demand. While inventory remains constrained, the market is stable, driven by the area's desirability and proximity to the Princeton employment corridor.
This ZIP is well-suited for family buyers and professionals seeking a suburban environment with access to high-quality schools and proximity to the Princeton-Trenton employment corridor.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 50 days on market with 0.0 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 0% of asking — demand is cooling.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.7% — a stable, low-distress profile.
ZCTA 08534, Mercer County NJ
The area is served by highly regarded public schools, with the Hopewell Valley Regional School District being the primary provider for the Pennington area.
The area benefits from its proximity to the Princeton employment corridor and major regional infrastructure, maintaining a stable suburban development profile.
Property taxes are assessed at the municipal and county levels in Mercer County, with rates determined by local school district and municipal budget requirements.
Residents typically commute toward the Princeton and Trenton employment hubs via local highways and regional transit connections.
The area features local parks, historic borough amenities, and proximity to regional greenbelts and shopping districts within the Mercer County area.
The rental market is characterized by steady demand and limited inventory, with median asking rents reflecting the area's high cost of living.
The local economy is anchored by proximity to Princeton University, regional healthcare systems, and the broader Trenton-Princeton professional services sector.
Parcels are subject to Hopewell Valley Regional School District and Mercer County tax levies.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic downtown area with local shops and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.