08540, Princeton, NJ

Princeton, NJ is a highly affluent suburb of New York City. As of the 2010 Census, the population was 27,521. The median home value in Princeton was $1,086,500 as of September 30th, 2016. Home equity is an important factor in determining a person's wealth and status in society.

The 8540 zip code has a high concentration of wealthy residents. In fact, it has the highest concentration of millionaires per capita in the United States. This is likely due to the many prestigious colleges and universities located in this area, as well as its proximity to Wall Street and other financial centers.

As expected, home prices are significantly higher in this zip code than elsewhere in Princeton. The average home value here is almost three times greater than the statewide average! This indicates that there is strong demand for property here among affluent buyers.

Despite this high demand, there are still plenty of homes available for purchase within this zip code. This suggests that sellers are able to find buyers who are willing to pay a premium for property in this area. In addition, there seems to be little evidence that prices have been driven up too much by speculation or over-inflated values (as has been seen elsewhere around the country). Rather, it seems that buyers are actually paying a fair price for properties based on their location and quality features.