Princeton, NJ

Population: 29,008
Average annual home appreciation rate: 7.75%
Total of homes for sale in this market: 270
Median home price: $699,222
Median Rent: $1,285 per room
Home price range: 31.18% of homes are between $486,001 – $730,000
Median sales price: $555,000
Number of homes: 115
Median foreclosure sales price: Still gathering data
Foreclosure discount: Still gathering data
Most common home type: 54.07% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.80%
Number of renters: 53.10%
Number of owner occupied: 46.90%
Number people living below poverty level: 6.09%
Unemployment rate: 5.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Princeton area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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