HousingHandbookReference data

U.S. ZIP Code · NJ08629

Mercer County · Trenton-Princeton, NJ

Typical home value

$259,413[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.9%
5-year / yr
+9.2%
10-year / yr
+10.3%

Relative price

vs U.S.
-8.7%
vs metro
-44.2%
vs state
-54.5%
ZIP 08629 location in NJ
Location of ZIP 08629 in NJ

Price history

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

The typical home in 08629 is worth $259,413 — 44.2% below the Trenton-Princeton, NJ median. Over the past year, values have fallen 2.9%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
2.1%[3]
Typical annual tax
$5,448[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
13,013[3]
Median household income
$82,646[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
1
High
0
  • Hedgepeth Williams Intermediate School

    Middle · Grades 4–6 · Trenton Public School District

    639 students

  • Kuser Elementary School

    Elementary · Grades PK–5 · Hamilton Township Public School District

    485 students

  • Paul S. Robeson Elementary School

    Elementary · Grades K–3 · Trenton Public School District

    367 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$1,312
Loan principal$207,530
Down payment$51,883
Total interest paid$264,693

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.

Own : rent ratio
Monthly cost to own$1,982
Monthly rent

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
83rd percentile[1]
Rental yield
[2]
Property tax
33rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 08629?
The typical home in 08629 is worth $259,413, based on the Zillow Home Value Index.
Are home values rising in 08629?
Home values in 08629 are down 2.9% over the past year, and up 9.2% a year over five years.
What is the property tax rate in 08629?
The effective property tax rate in 08629 is 2.1% — roughly $5,448 a year on a typical home.
Who lives in 08629?
ZIP code 08629 has a population of 13,013 and a median household income of $82,646.

#Comparable ZIPs

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

  • Trenton, NJ

    Typical home
    $270,551
    Gross yield
    8.9%
  • Trenton, NJ

    Typical home
    $211,648
    Gross yield
    12.1%
  • Trenton, NJ

    Typical home
    $308,053
    Gross yield
    8.7%
  • Trenton, NJ

    Typical home
    $197,259
    Gross yield
    11.9%
  • White Horse CDP, NJ

    Typical home
    $352,628
    Gross yield
    5.7%
  • Trenton, NJ

    Typical home
    $428,241
    Gross yield
    5.6%

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