Princeton, NJ Real Estate
According to census data in the year 2000 there were 3,495 housing units in Princeton.
This represents a 0.5% decline from 3,514 in 1990.
Of those housing units, 3,495 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Princeton is about 46.8%.
Princeton's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.18 people.
The majority of houses, apartments or condos in Princeton were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.10% |
| One Bedroom | 24.10% |
| Two Bedrooms | 17% |
| Three Bedrooms | 28.10% |
| Four Bedrooms | 14.10% |
| Five Bedrooms or more | 10.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $343,500 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $1,844 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 50.50% |
| Debt Free | 39.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.9% |
