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Princeton Homes For Sale - An Outline of Princeton Homes for Sale

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Navigating your way around the many Princeton homes for sale can be a tricky proposition. As the home of Princeton University – which was founded in 1756 – Princeton is the home to many educators, students and professionals. Many people commute from Princeton to New York City, as well. You may also be interested in finding a Princeton home for sale because of the city’s impeccable reputation. Either way, there are plenty of opportunities when it comes to homes in Princeton. Familiarize yourself with the basics of Princeton real estate with the following information.

Princeton Homes for Sale: An Overview

Considering that the average house in Princeton is listed around $1,100,000, it’s safe to say that property values remain high. However, that assumption is contradicted by the average selling price of homes in the city, which is around $432,000. Princeton homes for sale generally cost approximately $350 per square foot, which is definitely on the pricey side.

In addition to its world-famous university, Princeton is home to the Princeton Regional School District. Most Princeton houses for sale fall within its boundaries; students attend one of six schools, including four elementary schools, one middle school and one high school. Princeton High School has been named the sixth-best high school in New Jersey in the past.

Crime is not a serious concern when it comes to Princeton homes for sale. The average property crime rate for this scenic city is less than one percent; the violent crime rate barely registers, at 0.09%. No matter what Princeton home for sale you consider, you’re not going to have to worry about crime.

Princeton Homes for Sale in the 08540 Zip Code

The most popular – and affluent – zip code in Princeton is 08540, which is located right in the center of the city. This is also where the campus of Princeton University is located. Princeton homes for sale in this zip code are located in the vicinity of Mercer Street and Nassau Street; their average listing price is right around one million dollars, while recent sales figures have been around $441,000. The price per square foot of the Princeton homes is $350.

Princeton Homes for Sale in the 08542 Zip Code

By heading a few blocks north of campus, you can find slightly lower-priced Princeton houses for sale. This area, which is bordered by Witherspoon and Wiggins Streets, is in the shadow of the University Medical Center of Princeton. Homes here tend to sell for around $210,000 – but they list for closer to $900,000.

Princeton Homes for Sale in the 08550 Zip Code

If you’d like to increase your odds of finding a less expensive Princeton home for sale, head about five miles southeast to nearby Princeton Junction. This more rural area includes the Mercer Oaks Golf Course and the Mercer County Park. At $629,000, the average listing price for homes here is much lower than homes in Princeton proper; the average sale price is $544,500. If you’re intent on finding a Princeton home for sale in your price range, it’s more than likely possible.

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