Similar to other places in this area, it's a lot more expensive compared to the entire nation. However it is a bit less expensive compared to the city of New York.
Home prices
The cost of the median home in Princeton Junction is $548,400. In comparison to other places in this area it is about $6,800 (1%) lower.In comparison to the entire nation it is roughly $330,900 (152%) higher, and in comparison to the city of New York is about $57,600 (9%) lower.
Rents
Princeton Junction's median rent is $1,048 a month. This is roughly $563 (34%) lower in comparison to other places in this area.It is about $14 (1%) lower in comparison to the US as a whole, and is about $395 (27%) lower in comparison to the city of New York.
Nearby places
Plainsboro Center
Plainsboro Center is Princeton Junction's neighbor to the northeast. Its housing prices are somewhat less expensive. Plainsboro Center's median home value is $423,200, which comes out to $125,200 (29%) lower than Princeton Junction. Rents there are significantly more expensive. Plainsboro Center's median monthly rent is $1,636, which works out to $588 (35%) higher than Princeton Junction.
Princeton Meadows
Princeton Meadows is roughly 2 miles east from Princeton Junction. The housing prices there are substantially less expensive. The median home in Princeton Meadows costs $392,800, which works out to $155,600 (39%) lower than Princeton Junction. Rents there are significantly more expensive. The median monthly rent in Princeton Meadows is $1,653, which comes out to $605 (36%) higher than Princeton Junction.
Princeton
Princeton is about 3 miles northwest from Princeton Junction. The real estate prices there are substantially more expensive. The value of the median home in Princeton is $866,200, which works out to $317,800 (36%) higher than Princeton Junction. Rent there is a little more expensive. Princeton's median monthly rent is $1,532, which works out to $484 (31%) higher than Princeton Junction.
Kingston
Kingston is about 4 miles north from Princeton Junction. Housing prices there are substantially less expensive. The median home in Kingston costs $359,900, which comes out to $188,500 (52%) lower than Princeton Junction. Rents there are a lot more expensive. Kingston's median rent is $1,661 per month, which works out to $613 (36%) higher than Princeton Junction.
Cranbury
Cranbury is approximately 4 miles east of Princeton Junction. Its real estate prices are a bit more expensive. The median home in Cranbury costs $733,900, which is $185,500 (25%) higher than Princeton Junction. The rent there is a lot more expensive. The median monthly rent in Cranbury is $1,572, which is $524 (33%) higher than Princeton Junction.
