How much is a home worth in ZIP code 08609?

The typical home in 08609 is worth $211,648, based on the Zillow Home Value Index.

Are home values rising in 08609?

Home values in 08609 are up 5.1% over the past year, and up 12.0% a year over five years.

What is the typical rent in 08609?

A typical home in 08609 rents for about $2,136 a month, a gross rental yield of 12.1%.

What is the property tax rate in 08609?

The effective property tax rate in 08609 is 1.7% — roughly $3,529 a year on a typical home.

ZIP code 08609 has a population of 15,938 and a median household income of $68,238.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08609

Mercer County · Trenton-Princeton, NJ

Typical home value

$211,648^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.1%
5-year / yr: +12.0%
10-year / yr: +12.7%

Relative price

vs U.S.: -25.5%
vs metro: -54.5%
vs state: -62.8%

Price history

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

The typical home in 08609 is worth $211,648 — 54.5% below the Trenton-Princeton, NJ median. Over the past year, values have risen 5.1%. Homes here rent for a typical $2,136 a month — a 12.1% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $2,136^[2]
Gross yield: 12.1%^[2]
Cap rate: 7.3%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,529^[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: 15,938^[3]
Median household income: $68,238^[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: 0

Trenton Central High School-9th Grade Academy
Secondary · Grades 9 · Trenton Public School District
837 students
Ulysses S. Grant School
Middle · Grades 4–6 · Trenton Public School District
572 students
Patton J. Hill Elementary School
Elementary · Grades K–3 · Trenton Public School District
542 students
Carroll Robbins Elementary School
Elementary · Grades K–3 · Trenton Public School District
460 students
Greenwood Elementary School
Elementary · Grades PK–5 · Hamilton Township Public School District
266 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 yield12.1%

Net yield (after ~40% expenses)7.3%

Annual rent$25,628

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$1,070

Loan principal$169,318

Down payment$42,330

Total interest paid$215,956

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 ratio0.72

Monthly cost to own$1,541

Monthly rent$2,136

Owning 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: 94th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 0th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 08609?: The typical home in 08609 is worth $211,648, based on the Zillow Home Value Index.
Are home values rising in 08609?: Home values in 08609 are up 5.1% over the past year, and up 12.0% a year over five years.
What is the typical rent in 08609?: A typical home in 08609 rents for about $2,136 a month, a gross rental yield of 12.1%.
What is the property tax rate in 08609?: The effective property tax rate in 08609 is 1.7% — roughly $3,529 a year on a typical home.
Who lives in 08609?: ZIP code 08609 has a population of 15,938 and a median household income of $68,238.

#Comparable ZIPs

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

08611 vs 08609 →
Trenton, NJ
Typical home
$197,259
Gross yield
11.9%
08629 vs 08609 →
Trenton, NJ
Typical home
$259,413
Gross yield
—
08618
Trenton, NJ
Typical home
$270,551
Gross yield
8.9%
08638
Trenton, NJ
Typical home
$308,053
Gross yield
8.7%
08610
White Horse CDP, NJ
Typical home
$352,628
Gross yield
5.7%
08628
Trenton, NJ
Typical home
$428,241
Gross yield
5.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 08609 against any other ZIP — full side-by-side table.

Compare 08609 →

#Jump to section

U.S. ZIP Code · NJ08609

Get more data on ZIPs like this

Get more data on ZIPs like this