08540 — Princeton, NJ Home Values
Typical home value $995,135 as of June 2026 · 2nd of 19 in Trenton-Princeton, NJ
Blue: typical home value (Zillow ZHVI) in ZIP code 08540, June 2021 to June 2026. This page shows observed data only; no forecast.
How 08540 compares in the Trenton-Princeton, NJ area
ZIP code 08540 (Princeton, NJ) has a typical home value of $995,135 as of June 2026, ranking 2nd of 19 ZIP codes tracked in the Trenton-Princeton, NJ area, more expensive than about 95% of ZIP codes in the metro. Prices here have moved +2.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +39.0%, from $715,670 in June 2021 to $995,135 in June 2026. Against observed rent, the typical home here sells for 23.6× the annual rent ($3,509/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Trenton-Princeton, NJ forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Trenton.
Population and demographics
ZIP code 08540 has a population of 49,499, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 53.4% White, 31.1% Asian, 6% Black or African American, 5.6% Hispanic or Latino, 2.8% two or more races, 0.7% another race, and 0.3% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Princeton Middle School | 217 WALNUT LANE, PRINCETON, NJ | 0.3 mi |
| Princeton Charter School | 100 Bunn Drive, PRINCETON, NJ | 0.3 mi |
| Princeton High School | 151 MOORE STREET, PRINCETON, NJ | 0.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 08540?
$995,135 as of June 2026, the latest month Zillow has published observed data for.
Is 08540 an expensive ZIP code in the Trenton-Princeton, NJ area?
08540 ranks 2nd of 19 ZIP codes in the Trenton-Princeton, NJ area by typical home value, more expensive than about 95% of ZIP codes in the metro.
How much have home values in 08540 changed over the past year?
+2.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 08540?
The typical home price is 23.6× the observed annual rent in this ZIP code ($3,509/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 08540?
49,499, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 08540?
Princeton Middle School (0.3 mi), Princeton Charter School (0.3 mi), Princeton High School (0.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 08540?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Trenton-Princeton, NJ forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.