ZIP Code 08542

standard

Source:

Princeton · Mercer County · New Jersey

Population
5,189

3,868/sq mi

Median income
$105,524

▲ 38% vs US

higher than 84% of US ZIPs

Median home value
$754,100

▲ 171% vs US

higher than 95% of US ZIPs

Bachelor's or higher
70.7%

Median age 37.2

Land area
1.3 sq mi

New York

ZIP code 08542 in Princeton, New Jersey has a population of 5,189. The median household income is $105,524, which is 38% above the national average. Median home value is $754,100, 171% above the US average. 70.7% of residents hold a bachelor's degree or higher.

ZIP code 08542 is classified by USPS as a standard delivery area and covers roughly 1.3 square miles in Princeton, Mercer County, New Jersey. The area is home to 5,189 residents, producing a population density of 3,868 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 08542 against New Jersey and the nation.

On the economic side, the median household income for ZIP 08542 sits at $105,524 (13% below the New Jersey average), while per-capita income is $72,582. The poverty rate stands at 4.2% and the unemployment rate at 5.0%. On housing, the median home value is $754,100 (46% above the state average) with median rent at $2,497 per month, and 32.3% of occupied units are owner-occupied, a direct signal of whether 08542 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 70.7% of adults hold a bachelor's degree or higher, the median age is 37.2, and the average commute is . We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Mercer County, so you can benchmark 08542 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 08542

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 08542.

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 · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 08542, Princeton, NJ · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

5,189

Population

1.3

Area (sq mi)

3,868

People / sq mi

New York

Time Zone

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ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 08542?

37.2

Median Age

52.7%

Male

47.3%

Female

26.7%

Foreign-Born

White 54.1%
African American 14.5%
Asian 11.9%
American Indian or Alaska Native 5.8%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 11.4%
Hispanic or Latino 15.3%

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?

$105,524

Median Household Income

-13% vs state

$72,582

Per Capita Income

4.2%

Poverty Rate

5.0%

Unemployment Rate

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 80.5%
Bachelor's Degree or Higher 70.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

1,357

Total Housing Units

1,264

Occupied Units

93

Vacant Units

2.00

Avg Household Size

Occupancy Type

Owner 32.3%
Renter 67.7%

$754,100

Median Home Value

+46% vs state

$2,497

Median Rent

1938

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

-3.5%

YoY Change (2022)

260

HPI Index (2000 = 100)

+160%

Total Change Since 2000

Home values in ZIP 08542 have decreased 3.5% over the past year (2022). Since 2000, this ZIP has seen +160% cumulative appreciation.

Year Annual Change HPI Index
2017 +7.2% 239
2019 248
2020 -5.5% 234
2021 +15.0% 269
2022 -3.5% 260

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 2022. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 371 business establishments in ZIP 08542, employing approximately 4,179 people with a combined annual payroll of $445,689,000.

371

Businesses

4,179

Employees

$445.7M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Retail trade 63 17.0%
Professional, scientific, and technical services 63 17.0%
Accommodation and food services 54 14.6%
Other services (except public administration) 47 12.7%
Finance and insurance 43 11.6%
Real estate and rental and leasing 23 6.2%
Health care and social assistance 17 4.6%
Administrative and support and waste management and remediation services 15 4.0%
Construction 12 3.2%
Educational services 9 2.4%
Information 8 2.2%
Wholesale trade 6 1.6%
Arts, entertainment, and recreation 5 1.4%
Manufacturing 4 1.1%

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 08542 vs 08540 →

ZIP Code City Population Distance
08540 Princeton, NJ 47,115 0.8 mi
08553 Rocky Hill, NJ 682 3.4 mi
08528 Kingston, NJ 315 3.2 mi
08536 Plainsboro, NJ 20,073 4.3 mi
08502 Belle Mead, NJ 11,317 6.6 mi
08558 Skillman, NJ 6,629 4.8 mi
08550 Princeton Junction, NJ 19,445 5.5 mi
08690 Trenton, NJ 18,567 8.8 mi
08648 Lawrence Township, NJ 32,263 5.7 mi
08852 Monmouth Junction, NJ 17,220 6.4 mi

More ZIP Codes in Mercer County

Frequently Asked Questions

What county is ZIP code 08542 in?
ZIP code 08542 (Princeton) 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 08542?
ZIP code 08542 in Princeton, NJ has a population of 5,189 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 08542?
The median household income in ZIP 08542 is $105,524, which is 38% above the national average of $76,288.
What is the average home value in ZIP 08542?
The median home value in ZIP 08542 is $754,100, which is 171% above the national average of $278,155.
What is the demographic makeup of ZIP 08542?
The largest racial group in ZIP 08542 is White at 54.1%. Hispanic or Latino residents make up 15.3% of the population.
How many businesses are in ZIP code 08542?
ZIP code 08542 has 371 business establishments employing approximately 4,179 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 08542?
The top industries by establishment count in ZIP 08542 are: Retail trade (63), Professional, scientific, and technical services (63), Accommodation and food services (54). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 08542?
According to the FHFA House Price Index, home values in ZIP 08542 decreased by 3.5% in 2022. Since 2000, home values in this ZIP have appreciated by approximately 160%. 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 08542?
In ZIP code 08542, 80.5% of residents aged 25+ have a high school diploma or higher, and 70.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 08542?
In ZIP code 08542, approximately 32.3% of occupied housing units are owner-occupied and 67.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 08542?
The poverty rate in ZIP code 08542 is 4.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Princeton, NJ

Verify and explore additional data for this area using these official government sources.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.

PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.