The story of this market
The typical home in ZIP 08540 sells for about $1,100,000, or $578 per square foot.
Prices are down 20% from a year ago, which gives buyers more room to negotiate. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $2,218 a month.
ZIP 08540 — Princeton
The Princeton housing market is currently experiencing a cooling phase, with median sale prices down 20% year-over-year. High interest rates and shifting demand have led to longer days on market and a reduction in sales volume. The market remains competitive for high-end properties, but overall sentiment is cautious as buyers adjust to current pricing levels.
This ZIP is ideal for academic professionals, high-income commuters, and families seeking top-tier school districts and a historic, amenity-rich environment.
Median prices moved down 20.0% year over year.
Homes spend a median of 42 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 8.2% — a stable, low-distress profile.
ZCTA 08540, New Jersey
The area is served by highly-regarded public school systems, including Princeton Public Schools, which are consistently ranked among the top in New Jersey.
The area benefits from proximity to Princeton University and major corporate research hubs, driving consistent demand for housing and infrastructure development.
Property taxes in this jurisdiction are determined by local municipal, county, and school district levies, which are among the highest in the nation due to local funding models.
Residents have access to NJ Transit rail services via the Princeton Junction station, providing direct transit links to New York City and Philadelphia.
The area features extensive greenbelts, the Delaware and Raritan Canal State Park, and numerous local parks, alongside high-end shopping and dining in downtown Princeton.
The rental market is characterized by high demand driven by university students, faculty, and commuters, resulting in low vacancy rates and premium pricing.
The economy is anchored by Princeton University, major pharmaceutical research facilities, and professional services, creating a stable, high-income employment base.
The area is served by the Princeton Junction train station on the Northeast Corridor, facilitating major regional transit connectivity.
Development is focused on mixed-use projects and transit-oriented residential growth near the Princeton Junction corridor.
Parcels are subject to municipal, county, and school district taxes, with some areas potentially falling under specific utility or fire district jurisdictions.
Data retrieved from Census Reporter and data.census.gov; many specific ZCTA-level fields were not available in the provided search results.
A major regional trail and recreation corridor for hiking and cycling.
An anchor institution providing cultural, architectural, and educational attractions.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.