Home Affordability in 08540
Princeton, NJ — Mercer County
The median home price in ZIP code 08540 (Princeton) is $865,000 with a median household income of $135,000. The price-to-income ratio is 6.4x.
Median Home Price
$865,000
Median Income
$135,000
Price-to-Income
6.4x
Est. Affordable Home
$525,000
Property Tax Rate
2.20%
Annual Property Tax
$19,030
Cost of Living
145
Metro Area
Trenton MSA
Down Payment Scenarios for ZIP 08540
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $25,950 | $839,050 | Yes |
| 5% | $43,250 | $821,750 | Yes |
| 10% | $86,500 | $778,500 | Yes |
| 20% | $173,000 | $692,000 | No |
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