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Housing market/New Jersey/ZIP 08550

ACS 2023 · FY2027 SAFMR

ZIP 08550 Princeton Junction, New Jersey

Trenton-Princeton, NJ MSA · New Jersey. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
20,876
Households
7,737
Median HH income
$206,658
Renter share
23.7%
Median gross rent
$2,694
Vacancy
1.3%
Pop. change
+8.5%
2BR SAFMR
$3,360
SAFMR / rent
1.247×
2–49 unit stock
1,323
LIHTC proj / units
1 / 61
HUD assisted MF
1 / 84

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 08550 · NJ — sent to you.

ZIP 08550 · NJ

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ACS rent vs 2BR SAFMR

ZIP 08550 — Princeton Junction, NJ HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,694
2BR SAFMR$3,360
90% floor$3,024
110% ceiling$3,696

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 08550

  • 1-unit detached5,68872.6%
  • 1-unit attached6177.9%
  • 2–4 units3364.3%
  • 5–49 units98712.6%
  • 50+ units2112.7%
TypeUnitsShare
1-unit detached5,68872.6%
1-unit attached6177.9%
2 units (duplex)00.0%
3–4 units3364.3%
5–9 units3063.9%
10–19 units4776.1%
20–49 units2042.6%
50+ units2112.7%
Mobile00.0%

2–4 unit share 4.3% · 5–49 unit share 12.6% · combined 2–49 16.9%.

Units by bedrooms

Studio
40
1BR
662
2BR
1,659
3BR
1,384
4BR
2,905
5+
1,189

Rent burden

Rent ≥30% of income17.3%
Rent ≥50% of income8.7%
  • ACS median gross rent $2,694 (all bedrooms, occupied rentals).
  • Median contract rent $2,590.
  • Renters paying ≥30% of income 17.3%; ≥50% 8.7%.
  • FY2027 2BR SAFMR $3,360 (1.247× ACS median gross rent).

Population

20,876 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 1 projects, 61 units.
  • HUD project-based assisted MF: 1 properties, 84 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 340 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 08550 23.7% of occupied households are renters; vacancy is 1.3%; ACS median gross rent is $2,694; population increased +8.5% between the 2018 and 2023 ACS vintages; the housing stock includes 336 units in 2–4-unit structures and 987 units in 5–49-unit structures; 1 LIHTC projects totaling 61 units; FY2027 2BR SAFMR is $3,360 versus ACS median gross rent of $2,694. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

New Jersey research

ZIP 08550 is a Census / HUD profile for Trenton-Princeton, NJ. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 08550 — Princeton Junction, NJ HUD Section 8 Payment Standards / SAFMR·New Jersey ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
08501Trenton-Princeton, NJ MSA8.6%$1,457$1,94008512Trenton-Princeton, NJ MSA38.9%$1,584$2,25008515Trenton-Princeton, NJ MSA7.0%$2,545$2,79008520Trenton-Princeton, NJ MSA30.8%$1,556$2,24008525Trenton-Princeton, NJ MSA14.3%$1,646$2,45008530Trenton-Princeton, NJ MSA21.0%$1,641$2,59008534Trenton-Princeton, NJ MSA14.4%$2,106$2,79008540Trenton-Princeton, NJ MSA36.6%$2,083$2,89008542Trenton-Princeton, NJ MSA64.0%$2,398$3,36008543Trenton-Princeton, NJ MSA——$2,24008544Trenton-Princeton, NJ MSA100.0%—$3,00008558Trenton-Princeton, NJ MSA11.5%$1,796$2,620

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is New Jersey research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 08550?

ZIP 08550 (Trenton-Princeton, NJ MSA) has 20,876 residents, 7,737 households, a renter share of 23.7%, median household income of $206,658, and ACS 2023 median gross rent of $2,694. Vacancy is 1.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 08550?

ACS counts 0 units in 2-unit buildings, 336 in 3–4 unit buildings, 306 in 5–9, 477 in 10–19, and 204 in 20–49. Combined 2–49 unit stock is 1,323 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 08550?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,360. See the full schedule and 90–110% payment-standard band on the ZIP 08550 — Princeton Junction, NJ HUD Section 8 Payment Standards / SAFMR.

Does this New Jersey ZIP profile include Georgia listings?

No. ZIP 08550 is Census / HUD research for Trenton-Princeton, NJ MSA. Jeff Crowe CRE does not list New Jersey property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.