Princeton Junction, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Princeton Junction Neighborhoods Since 2000




Princeton Junction, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Princeton Junction Housing Market Information

With a population of 2,583, 906 total housing units (homes and apartments), and a median house value of $621,166, Princeton Junction house prices are not only among the most expensive in New Jersey, Princeton Junction real estate also is some of the most expensive in all of America.

Princeton Junction is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Princeton Junction than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Princeton Junction. Owner-occupied housing accounts for 76.71% of Princeton Junction's homes, and 59.47% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Princeton Junction built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Princeton Junction built between 1940-1969 ( 27.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.37%). There's also some housing in Princeton Junction built before 1939 ( 14.11%).

Princeton Junction Home Appreciation Rates

Appreciation rates for homes in Princeton Junction have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.01%, which ranks in the top 50% nationwide. This equates to an annual average Princeton Junction house appreciation rate of 0.10%.

Over the last year, Princeton Junction appreciation rates have trailed the rest of the nation. In the last twelve months, Princeton Junction's appreciation rate has been -1.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Princeton Junction were at -2.58%, which equates to an annual appreciation rate of -9.92%.

Notably, Princeton Junction's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Princeton Junction's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$621,166

Princeton Junction, NJ HOME PRICES

Value Range
> $1,044,000 2.2
$783,001 - $1,044,000 6.4
$522,001 - $783,000 56.0
$418,001 - $522,000 16.6
$313,001 - $418,000 8.8
$209,001 - $313,000 8.0
$104,001 - $209,000 0.6
$52,001 - $104,000 1.0
$0 - $52,000 0.4

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
3.59193718504629 14.4308943089431

Number Of Homes And Apartments:
906

Princeton Junction Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
70.31% 3.13% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,194 / per month

Homeownership Rate

Homeownership
Owners 76.71
Renters 23.29
Vacant 4.63

Housing Market Details

 

Age of Homes

AGE OF Princeton Junction HOMES
2000 or Newer 15.4
1970 - 1999 43.1
1940 - 1969 27.5
1939 or Older 14.1

Types of Homes

TYPE OF Princeton Junction HOMES
Single-Family 77.9
Townhomes 1.6
Small Apt. Buildings 4.6
Apt. Complexes 15.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Princeton Junction HOMES
No Bedroom 1.79
1 Bedroom 15.89
2 Bedrooms 7.47
3 Bedrooms 21.37
4 Bedrooms 38.11
5 or more bedrooms 15.37