How much is a home worth in ZIP code 08628?

The typical home in 08628 is worth $428,241, based on the Zillow Home Value Index.

Are home values rising in 08628?

Home values in 08628 are up 0.3% over the past year, and up 7.4% a year over five years.

What is the typical rent in 08628?

A typical home in 08628 rents for about $1,983 a month, a gross rental yield of 5.6%.

What is the property tax rate in 08628?

The effective property tax rate in 08628 is 2.5% — roughly $10,565 a year on a typical home.

ZIP code 08628 has a population of 9,831 and a median household income of $108,158.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08628

Mercer County · Trenton-Princeton, NJ

Typical home value

$428,241^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.3%
5-year / yr: +7.4%
10-year / yr: +6.5%

Relative price

vs U.S.: +50.8%
vs metro: -8.0%
vs state: -24.8%

Price history

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

The typical home in 08628 is worth $428,241 — 8.0% below the Trenton-Princeton, NJ median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,983 a month — a 5.6% gross rental yield. The effective property tax rate is 2.5%.

#Rent & investment

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

Monthly rent: $1,983^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 2.5%^[3]
Typical annual tax: $10,565^[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: 9,831^[3]
Median household income: $108,158^[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: 3
Elementary: 2
Middle: 0
High: 1

Francis Lore Elementary School
Elementary · Grades PK–5 · Ewing Township School District
501 students
Marie H Katzenbach Elementary Middle School for the Deaf
Elementary · Grades PK–8 · Marie H. Katzenbach School for the Deaf
36 students
Marie H Katzenbach High School
High · Grades 9–12 · Marie H. Katzenbach School for the Deaf
35 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 yield5.6%

Net yield (after ~40% expenses)3.3%

Annual rent$23,790

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$2,165

Loan principal$342,593

Down payment$85,648

Total interest paid$436,959

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 ratio1.72

Monthly cost to own$3,404

Monthly rent$1,983

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: 67th percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08628?: The typical home in 08628 is worth $428,241, based on the Zillow Home Value Index.
Are home values rising in 08628?: Home values in 08628 are up 0.3% over the past year, and up 7.4% a year over five years.
What is the typical rent in 08628?: A typical home in 08628 rents for about $1,983 a month, a gross rental yield of 5.6%.
What is the property tax rate in 08628?: The effective property tax rate in 08628 is 2.5% — roughly $10,565 a year on a typical home.
Who lives in 08628?: ZIP code 08628 has a population of 9,831 and a median household income of $108,158.

#Comparable ZIPs

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

08619 vs 08628 →
Mercerville CDP, NJ
Typical home
$431,331
Gross yield
7.0%
08648 vs 08628 →
Lawrenceville CDP, NJ
Typical home
$463,425
Gross yield
6.9%
08620
Yardville CDP, NJ
Typical home
$465,245
Gross yield
—
08520
Twin Rivers CDP, NJ
Typical home
$468,097
Gross yield
6.0%
08690
Hamilton Square CDP, NJ
Typical home
$485,382
Gross yield
5.2%
08610
White Horse CDP, NJ
Typical home
$352,628
Gross yield
5.7%

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

Compare ZIPs

Pit ZIP 08628 against any other ZIP — full side-by-side table.

Compare 08628 →

#Jump to section

U.S. ZIP Code · NJ08628

Get more data on ZIPs like this

Get more data on ZIPs like this