Trenton-Princeton, NJ · New Jersey

Mercer County

ZIP 08534

383,286 residents1,485 permits TTM$96,333 median HHI22 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$351,000

ACS 5-Year

Cap rate proxy

5.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.9%

HUD FMR ÷ ACS HHI

Net migration

+1.82%

IRS SOI

Permits (TTM)

1,485

Census BPS

Climate risk

95.4

FEMA NRI (0–100)

ZIP 08534

Median home value

Gross yield

Cap rate

4.7%

Rent gap

Affordability

P/I: 6.9R/I: 32.1%

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown22 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
0861112.9%
086098.6%
086388.8%
086297.1%
08610$347,239$1,8206.3%5.2%16.8%

Ranked by composite score

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Demographics

Owner-occupied

61.9%

Census ACS

Vacancy rate

6.1%

Census ACS

Bachelor's degree +

44.9%

Census ACS

Rent burdened

48.1%

Census ACS (>30% income)

Median age

39.2

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026