How much is a home worth in ZIP code 08550?

The typical home in 08550 is worth $1,015,358, based on the Zillow Home Value Index.

Are home values rising in 08550?

Home values in 08550 are up 1.6% over the past year, and up 8.4% a year over five years.

What is the typical rent in 08550?

A typical home in 08550 rents for about $3,059 a month, a gross rental yield of 3.6%.

What is the property tax rate in 08550?

The effective property tax rate in 08550 is 2.1% — roughly $21,730 a year on a typical home.

ZIP code 08550 has a population of 21,067 and a median household income of $224,213.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08550

Mercer County · Trenton-Princeton, NJ

Typical home value

$1,015,358^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +8.4%
10-year / yr: +5.0%

Relative price

vs U.S.: +257.4%
vs metro: +118.2%
vs state: +78.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 08550 is worth $1,015,358 — 118.2% above the Trenton-Princeton, NJ median. Over the past year, values have risen 1.6%. Homes here rent for a typical $3,059 a month — a 3.6% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $3,059^[2]
Gross yield: 3.6%^[2]
Cap rate: 2.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.1%^[3]
Typical annual tax: $21,730^[3]

#Climate risk

FEMA National Risk Index ratings for Mercer County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively Low
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Moderate
Hurricane: Relatively High
Tornado: Relatively Moderate
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 21,067^[3]
Median household income: $224,213^[3]

#Migration

Household moves in and out of Mercer County over a year, from IRS tax-return data.

Net migration: -1,900^[5]
Moved in: 8,722
Moved out: 10,622

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 1
High: 1

West Windsor-Plainsboro High School South
High · Grades 9–12 · West Windsor-Plainsboro Regional School District
1,626 students
Thomas R Grover Middle School
Middle · Grades 6–8 · West Windsor-Plainsboro Regional School District
1,211 students
Maurice Hawk Elementary School
Elementary · Grades PK–3 · West Windsor-Plainsboro Regional School District
727 students
Dutch Neck Elementary School
Elementary · Grades K–3 · West Windsor-Plainsboro Regional School District
660 students
Village Elementary School
Elementary · Grades 4–5 · West Windsor-Plainsboro Regional School District
657 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.6%

Net yield (after ~40% expenses)2.2%

Annual rent$36,702

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$5,134

Loan principal$812,286

Down payment$203,072

Total interest paid$1,036,026

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.55

Monthly cost to own$7,791

Monthly rent$3,059

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 78th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 39th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08550?: The typical home in 08550 is worth $1,015,358, based on the Zillow Home Value Index.
Are home values rising in 08550?: Home values in 08550 are up 1.6% over the past year, and up 8.4% a year over five years.
What is the typical rent in 08550?: A typical home in 08550 rents for about $3,059 a month, a gross rental yield of 3.6%.
What is the property tax rate in 08550?: The effective property tax rate in 08550 is 2.1% — roughly $21,730 a year on a typical home.
Who lives in 08550?: ZIP code 08550 has a population of 21,067 and a median household income of $224,213.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

08540 vs 08550 →
Princeton, NJ
Typical home
$973,946
Gross yield
4.2%
08542 vs 08550 →
Princeton, NJ
Typical home
$913,555
Gross yield
—
08534
Pennington, NJ
Typical home
$682,309
Gross yield
5.0%
08560
Titusville CDP, NJ
Typical home
$673,001
Gross yield
—
08525
Hopewell, NJ
Typical home
$662,544
Gross yield
—
08691
Yardville CDP, NJ
Typical home
$641,597
Gross yield
5.3%

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#Jump to section

U.S. ZIP Code · NJ08550

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