Pennington, NJ · standard
ZIP Code 08534
Mercer County, New Jersey - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 12,929
- 228/sq mi High-density area
- $175,573
- Median income Above-median income area
- $573,000
- Median home value Above-median home value
- 70.6%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Pennington pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.
- Top 2%
- household income, US ZIPs
- Top 10%
- home value, US ZIPs
- 228
- people per sq mi
- 88%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 08534 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 08534 (Pennington, NJ) rose +4.5% from 2023 to 2024. The all-transactions index moved from 197.1 in 2023 to 206.0 in 2024 (2000 = 100).
ZIP code 08534 is a mid-sized community (a standard USPS delivery area) in Pennington, Mercer County, New Jersey, home to 12,929 residents across 56.8 square miles, a density of 228 people per square mile, in the New York time zone.
ZIP 08534 skews affluent, with a median household income of $175,573 (44% above the average New Jersey ZIP), while per-capita income is $82,788. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.7% and unemployment is 3.4%. Median home value is $573,000 (11% above the average New Jersey ZIP) and median rent is $2,004; 88.2% of occupied homes are owner-occupied.
This is a highly-educated ZIP: 70.6% of adults hold a bachelor's degree or higher, the median age is 41.6, and the average commute is 28 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Mercer County, so 08534 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 08534
Top 5 sectors by establishment count in Pennington, NJ
Which industries have the most business establishments in ZIP 08534.
- Professional, scientific, and technical services
Professional, scientific, and technical services
69 establishments
- Health care and social assistance
Health care and social assistance
66 establishments
- Other services (except public administration)
Other services (except public administration)
62 establishments
- Finance and insurance
Finance and insurance
52 establishments
- Retail trade
Retail trade
48 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 08534, Pennington, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
12,929
Population
56.8
Area (sq mi)
228
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 08534?
41.6
Median Age
48.8%
Male
51.2%
Female
17.1%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$175,573
Median Household Income
+44% vs state ZIP avg
$82,788
Per Capita Income
3.7%
Poverty Rate
3.4%
Unemployment Rate
28.4 min
Mean Commute Time
How ZIP 08534 ranks among New Jersey ZIPs
Pennington, NJ household income vs. every New Jersey ZIP code
Median household income among 565 reporting New Jersey ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$175,573 Top 13% higher than 87% of 565 New Jersey ZIPs
Each bar is a $20K-wide band; taller bars hold more New Jersey ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
5,216housing units
5,216
Total Housing Units
4,995
Occupied Units
221
Vacant Units
2.63
Avg Household Size
Occupancy Type
$573,000
Median Home Value
+11% vs state ZIP avg
$2,004
Median Rent
1980
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+4.5%
YoY Change (2024)
206
HPI Index (2000 = 100)
+106%
Total Change Since 2000
Home values in ZIP 08534 have increased 4.5% over the past year (2024). Since 2000, this ZIP has seen +106% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.6% | 147 |
| 2021 | +7.0% | 158 |
| 2022 | +15.9% | 183 |
| 2023 | +7.8% | 197 |
| 2024 | +4.5% | 206 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 487 business establishments in ZIP 08534, employing approximately 12,585 people with a combined annual payroll of $1,268,272,000.
487
Businesses
12,585
Employees
$1.3B
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 69 | 14.2% |
| Health care and social assistance | 66 | 13.6% |
| Other services (except public administration) | 62 | 12.7% |
| Finance and insurance | 52 | 10.7% |
| Retail trade | 48 | 9.9% |
| Administrative and support and waste management and remediation services | 39 | 8.0% |
| Accommodation and food services | 39 | 8.0% |
| Construction | 24 | 4.9% |
| Wholesale trade | 18 | 3.7% |
| Real estate and rental and leasing | 17 | 3.5% |
| Educational services | 15 | 3.1% |
| Manufacturing | 14 | 2.9% |
| Information | 11 | 2.3% |
| Arts, entertainment, and recreation | 9 | 1.9% |
| Transportation and warehousing | 3 | 0.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 08534 vs 08525 →
ZIP 08534 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 19067
Morrisville (19067)
51,334 residents
- 08618
Trenton (08618)
38,229 residents
- 08648
Lawrence Township (08648)
32,263 residents
- 08638
Trenton (08638)
22,832 residents
- 08534 12,929
Pennington (08534)
12,929 residents
- 08628 9,054
Trenton (08628)
9,054 residents
- 08530 8,071
Lambertville (08530)
8,071 residents
- 08525 4,767
Hopewell (08525)
4,767 residents
- 18977 4,291
Washington Crossing (18977)
4,291 residents
What this shows Among its immediate neighbors, ZIP 08534 ranks #5 by population - useful context the national average alone can't give.
ZIP 08534 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 18977
Washington Crossing (18977)
$211,719 median income
- 08534
Pennington (08534)
$175,573 median income
- 08525
Hopewell (08525)
$165,324 median income
- 19067
Morrisville (19067)
$133,630 median income
- 08560
Titusville (08560)
$128,516 median income
- 08648
Lawrence Township (08648)
$125,514 median income
- 08530
Lambertville (08530)
$120,467 median income
- 08628
Trenton (08628)
$108,158 median income
- 08638 $66,875
Trenton (08638)
$66,875 median income
What this shows By household income, ZIP 08534 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 08525 | Hopewell, NJ | 4,767 | 4.6 mi |
| 08560 | Titusville, NJ | 3,656 | 3.7 mi |
| 08618 | Trenton, NJ | 38,229 | 5.7 mi |
| 08628 | Trenton, NJ | 9,054 | 4.7 mi |
| 08638 | Trenton, NJ | 22,832 | 5.3 mi |
| 08648 | Lawrence Township, NJ | 32,263 | 4.9 mi |
| 18977 | Washington Crossing, PA | 4,291 | 5.5 mi |
| 08608 | Trenton, NJ | 983 | 7.8 mi |
| 08530 | Lambertville, NJ | 8,071 | 6.2 mi |
| 19067 | Morrisville, PA | 51,334 | 8.6 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 08534, both outside NJ so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (12,929 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Mercer County
Related Areas
Frequently Asked Questions
What county is ZIP code 08534 in?
ZIP code 08534 (Pennington) is located in Mercer County, New Jersey. Mercer County contains multiple ZIP codes, see the full list at /counties/mercer-nj.
What is the population of ZIP code 08534?
ZIP code 08534 in Pennington, NJ has a population of 12,929 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 08534?
The median household income in ZIP 08534 is $175,573, which is 130% above the national average of $76,288.
What is the average home value in ZIP 08534?
The median home value in ZIP 08534 is $573,000, which is 106% above the national average of $278,155.
What is the demographic makeup of ZIP 08534?
The largest racial group in ZIP 08534 is White at 74.4%. Hispanic or Latino residents make up 3.0% of the population.
How many businesses are in ZIP code 08534?
ZIP code 08534 has 487 business establishments employing approximately 12,585 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 08534?
The top industries by establishment count in ZIP 08534 are: Professional, scientific, and technical services (69), Health care and social assistance (66), Other services (except public administration) (62). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 08534?
According to the FHFA House Price Index, home values in ZIP 08534 increased by 4.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 106%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 08534?
In ZIP code 08534, 81.3% of residents aged 25+ have a high school diploma or higher, and 70.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 08534?
The mean commute time for workers in ZIP code 08534 is 28.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 08534?
In ZIP code 08534, approximately 88.2% of occupied housing units are owner-occupied and 11.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 08534?
The poverty rate in ZIP code 08534 is 3.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 08534's numbers, next.
- See how ZIP 08534 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Pennington, NJ ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.