Median rent for residential apartments in as of Apr, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
42 Princeton, NJ, USA apartments for rent
Princeton
Princeton, NJ has a population of 30,168, including 69% white, 16% asian, and 9% latino.
| Population | 30,168 |
| Median Age | 32.8 |
| Poverty Rate | 5% |
| Median Income (Household) | $118,467 |
| Number Of Employees | 14,314 |
| Median Property Value | $811,700 |
City Overview
The median household income in Princeton, NJ is around $118,467, while the median age is 32.8. This city is a home to major universities: Princeton University, Doctoral Universities, and Doctoral Universities: Highest Research Activity. 14,314 employees work in Princeton, NJ. The homeownership rate among the residents is 57.85%. The median property value that you should keep in mind is $811,700.
Business & Economy
Wage by Common Jobs
Average salary: $58,423
- 1. Retail salespersons$75,756
- 2. Elementary & middle school teachers$61,794
- 3. Cashiers$60,348
- 4. Secretaries & administrative assistants$55,221
- 5. Nursing, psychiatric, & home health aides$38,995
Demographics
Race & Ethnicity
According to latest census, Princeton, NJ is a home for 69% white residents. The second common group is asian with 16% residents. The list of the most common racial or ethnic groups is closed by latino with 9% residents.
Non-English Speakers
Education
Past year Princeton, NJ universities awarded around 7,026 degrees. Statistics show that the population of students in Princeton, NJ include 1,293 male students and 1,049 female students. Princeton, NJ offers private and public tuition with a median cost of $45,300 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Princeton University with the majority of graduates. The Princeton Theological Seminary and n/a hold the second and the third place respectively. The share of the public colleges in Princeton, NJ is 61.7% and 38.3% go to the private colleges.
Universities
- 1. Princeton University2,167 graduates
- 2. Princeton Theological Seminary175 graduates
Public vs Private
- Public38.3%
- Private61.7%
Health and Safety
The age groups that most likely have the health care coverage in Princeton, NJ are 6-17 years old for men and 6-17 years old for women. Princeton, NJ offers a 104 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 78 to 1, speaking of mental health doctors ratio, it’s 279 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 104 |
| Dentists | 1 to 78 |
| Mental Health | 1 to 279 |
| Other | 1 to 55 |
Transportation
Commute Time
Average travel time: 23.13 minutes
- USA
- Princeton, NJ
Commuter Transportation
The workers of Princeton, NJ traveled to their offices around 23.13 minutes lately and drove alone to get there. The rest of the residents walked and worked at home.
- USA
- Princeton, NJ
Housing Trends
Princeton, NJ, USA Housing Trends
Average rent in Princeton: $3,452 (+32.5%)
| Rent Price | Apr | vs Last Month |
|---|---|---|
| 1 bed apartments | $2,181 | +9.2% |
| 2 bed apartments | $2,846 | +23.4% |
| 3 bed apartments | $3,590 | +15.6% |
| 4+ bed apartments | $5,941 | +41.4% |
| Rent Type Price | Apr | vs Last Month |
|---|---|---|
| Apartment rentals | $2,726 | +24.3% |
| Townhouse rentals | $3,097 | +10.3% |
| House rentals | $5,980 | +73.3% |
| Loft rentals | $3,083 | +12.1% |
Over the Apr 2020, the average rent for an apartment in/near Princeton, NJ increased by 32.5% to $3,452. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 9.2% to $2,181. Pricing for 2-bed apartment also increased by 23.4% and a place of this size will now cost you $2,846. 3-bed apartment rent pricing starts at $3,590, it increased by 15.6% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 41.4% and made it up to $5,941.
The median rent for an apartment in Princeton, NJ increased by 24.3% to $2,726. Statistics show that house rent price increased by 73.3% this month making it up to $5,980. The median rent for a loft faced changes as well, it increased by 12.1%, the price tag now starts at$3,083. The median rent for a townhouse increased by 10.3%, you’ll have to spend around $3,097 to get one.
Rent vs Own
- Rent58%
- Own42%
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