Princeton Meadows median real estate price is $505,487, which is more expensive than 49.0% of the neighborhoods in New Jersey and 69.8% of the neighborhoods in the U.S.
The average rental price in Princeton Meadows is currently $3,417, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 67.6% of the neighborhoods in New Jersey.
Princeton Meadows is a densely urban neighborhood (based on population density) located in Plainsboro, New Jersey.
Princeton Meadows real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Princeton Meadows neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 6.6% in Princeton Meadows. NeighborhoodScout analysis shows that this rate is lower than 56.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Plainsboro, the Princeton Meadows neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Length of Commute
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the Princeton Meadows neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 15.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 98.8% of all neighborhoods in America.
Real Estate
The Princeton Meadows neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 94.5% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
In addition, renter-occupied real estate is dominant in the Princeton Meadows neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 90.6%, which is higher than 97.0% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Furthermore, one of the really unique and interesting things about the look and setting of the Princeton Meadows neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 71.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 95.4% of all neighborhoods in America.
Occupations
The Princeton Meadows neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 98.1% of the neighborhoods in America. In fact, 76.2% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
People
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Princeton Meadows neighborhood, where 39.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.7% of the neighborhoods in America.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 13.4% of the Princeton Meadows neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.1% of America's neighborhoods.
Diversity
Did you know that the Princeton Meadows neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 54.1% of this neighborhood's residents have Asian ancestry.
Princeton Meadows is also pretty special linguistically. Significantly, 16.1% of its residents five years old and above primarily speak Langs. of India at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the Princeton Meadows neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas. What is also interesting to note, is that the Princeton Meadows neighborhood has a greater percentage of residents born in another country (49.2%) than are found in 97.5% of all U.S. neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Princeton Meadows neighborhood in Plainsboro are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.5% of the neighborhoods in America. In addition, 5.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 63.8% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Princeton Meadows neighborhood, 76.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 15.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (4.3%), and 4.0% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Princeton Meadows neighborhood is English, spoken by 44.1% of households. Other important languages spoken here include Langs. of India, Chinese, Russian and Spanish.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Princeton Meadows neighborhood in Plainsboro, NJ, residents most commonly identify their ethnicity or ancestry as Asian (54.1%). There are also a number of people of Irish ancestry (6.4%), and residents who report Italian roots (6.0%), and some of the residents are also of German ancestry (4.7%), along with some Sub-Saharan African ancestry residents (3.2%), among others. In addition, 49.2% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Princeton Meadows neighborhood spend between 15 and 30 minutes commuting one-way to work (29.0% of working residents), which is shorter than the time spent commuting to work for most Americans. However, there is also a significant group of residents (15.9%) who commute over an hour in each direction.
Here most residents (61.2%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (13.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
