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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Princeton Junction HOMES|
|2000 or Newer||15.4|
|1970 - 1999||43.1|
|1940 - 1969||27.5|
|1939 or Older||14.1|
|TYPE OF Princeton Junction HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Princeton Junction HOMES|
|5 or more bedrooms||15.37|