What is the median home value in Princeton Junction, NJ?
The median value of owner-occupied homes in Princeton Junction, NJ is $709,800 (±$68,311), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Princeton Junction, the median home value went from $548,400 in 2015–2019 to $709,800 in 2020–2024 (+29.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $709,800 (±$68,311)
- Owner-occupied homes
- 652 (±161)
- Most common range
- $500,000 to $999,999
Home values in Princeton Junction
| Value | Princeton Junction | Mercer County | New Jersey | United States |
|---|---|---|---|---|
| Less than $50,000 | 0.0% (±6.7 points) | 2.2% | 2.5% | 5.3% |
| $50,000 to $99,999 | 0.0% (±6.7 points) | 4.4% | 1.8% | 6.1% |
| $100,000 to $149,999 | 0.0% (±6.7 points) | 3.9% | 2.2% | 6.8% |
| $150,000 to $199,999 | 0.0% (±6.7 points) | 7.2% | 4.3% | 9.0% |
| $200,000 to $299,999 | 0.0% (±6.7 points) | 18.2% | 12.9% | 17.8% |
| $300,000 to $499,999 | 13.2% (±13.5 points) | 32.1% | 34.2% | 26.9% |
| $500,000 to $999,999 | 78.2% (±15.2 points) | 24.9% | 34.5% | 20.9% |
| $1,000,000 or more | 8.6% (±8.9 points) | 7.1% | 7.6% | 7.1% |
The most common range is $500,000 to $999,999, 78.2% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Princeton Junction against Mercer County, its state and the nation
| Princeton Junction | Mercer County | New Jersey | United States | |
|---|---|---|---|---|
| Median home value | $709,800 (±$68,311) | $377,700 (±$6,110) | $454,400 (±$1,150) | $332,700 |
| Owner-occupied homes | 652 (±161) | 89,569 (±1,662) | 2,239,128 (±10,678) | 84,210,142 |
In Princeton Junction, the median home value is higher than in Mercer County ($377,700).
It is also higher than in New Jersey ($454,400).
It is higher than the national figure ($332,700).
In Mercer County, Princeton Junction ranks 1 of 9 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 26 of 248.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Princeton Junction have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $548,400 (±$41,286) | $709,800 (±$68,311) | +29.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $3,161 (±$376) | $3,609 (±$230) | +14.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Princeton Junction
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Princeton Junction | — | $709,800 (±$68,311) | — |
| Plainsboro Center | 1.7 mi | $483,300 (±$143,018) | Lower |
| Plainsboro Township | 2.4 mi | $683,100 (±$42,640) | Not measurably different |
| Princeton Meadows | 3.1 mi | $665,700 (±$85,189) | Not measurably different |
| Princeton | 3.4 mi | $1,050,600 (±$46,184) | Higher |
| Kingston | 4.0 mi | $475,900 (±$234,347) | Not measurably different |
| Monmouth Junction | 5.0 mi | $552,900 (±$75,805) | Lower |
| Heathcote | 5.2 mi | $567,500 (±$46,238) | Lower |
| Cranbury | 5.4 mi | $804,800 (±$82,065) | Not measurably different |
Nearby places with a measurably lower figure: Plainsboro Center, NJ ($483,300), Monmouth Junction, NJ ($552,900), Heathcote, NJ ($567,500).
Nearby places with a measurably higher figure: Princeton, NJ ($1,050,600).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Mercer County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Princeton Junction | $709,800 (±$68,311) |
| 2 | Robbinsville Center | $526,300 (±$67,485) |
| 3 | Lawrenceville | $411,900 (±$70,826) |
| 4 | Groveville | $405,600 (±$71,956) |
| 5 | Hamilton Square | $397,000 (±$20,064) |
| 6 | Yardville | $360,100 (±$12,255) |
| 7 | Mercerville | $358,600 (±$12,460) |
Showing 7 of 9 places in Mercer County, ranked from highest to lowest.
Princeton Junction is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside West Windsor Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Princeton Junction
What is the average home value in Princeton Junction, NJ?
The Census Bureau publishes the median: $709,800 (±$68,311) for owner-occupied homes in Princeton Junction (2020–2024 American Community Survey).
Have home values in Princeton Junction gone up?
In Princeton Junction, the median home value went from $548,400 in 2015–2019 to $709,800 in 2020–2024 (+29.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Princeton Junction sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Princeton Junction CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Princeton Junction CDP, New Jersey (place:60960, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Princeton Junction at a glance
- Renters and owners in Princeton Junction
- Income and affordability in Princeton Junction
- Homeowner costs in Princeton Junction
- Property taxes in Princeton Junction
- Types of homes in Princeton Junction
- Age of homes in Princeton Junction
- Heating fuel in Princeton Junction
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- Population growth in Princeton Junction
- New Jersey landlord and tenant rules
- Housing across Mercer County
- New Jersey places ranked by median home value
- Housing data for every place in New Jersey