How much is a home worth in ZIP code 08648?

The typical home in 08648 is worth $463,425, based on the Zillow Home Value Index.

Are home values rising in 08648?

Home values in 08648 are down 0.1% over the past year, and up 6.5% a year over five years.

What is the typical rent in 08648?

A typical home in 08648 rents for about $2,683 a month, a gross rental yield of 6.9%.

What is the property tax rate in 08648?

The effective property tax rate in 08648 is 2.1% — roughly $9,632 a year on a typical home.

ZIP code 08648 has a population of 31,323 and a median household income of $125,514.

HousingHandbookReference data

…

U.S. ZIP Code · NJ08648

Mercer County · Trenton-Princeton, NJ

Typical home value

$463,425^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.1%
5-year / yr: +6.5%
10-year / yr: +4.8%

Relative price

vs U.S.: +63.1%
vs metro: ≈ metro median
vs state: -18.6%

Price history

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

The typical home in 08648 is worth $463,425. Over the past year, values have fallen 0.1%. Homes here rent for a typical $2,683 a month — a 6.9% 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: $2,683^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $9,632^[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: 31,323^[3]
Median household income: $125,514^[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: 7
Elementary: 4
Middle: 2
High: 1

Lawrence High School
High · Grades 9–12 · Lawrence Township Public School District
1,206 students
Lawrence Intermediate School
Middle · Grades 4–6 · Lawrence Township Public School District
801 students
Lawrence Middle School
Middle · Grades 7–8 · Lawrence Township Public School District
580 students
Ben Franklin Elementary
Elementary · Grades PK–3 · Lawrence Township Public School District
349 students
Lawrenceville Elementary School
Elementary · Grades PK–3 · Lawrence Township Public School District
298 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 yield6.9%

Net yield (after ~40% expenses)4.2%

Annual rent$32,197

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$2,343

Loan principal$370,740

Down payment$92,685

Total interest paid$472,858

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 ratio1.32

Monthly cost to own$3,533

Monthly rent$2,683

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: 11th percentile^[1]
Rental yield: 62nd percentile^[2]
Property tax: 22nd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 08648?: The typical home in 08648 is worth $463,425, based on the Zillow Home Value Index.
Are home values rising in 08648?: Home values in 08648 are down 0.1% over the past year, and up 6.5% a year over five years.
What is the typical rent in 08648?: A typical home in 08648 rents for about $2,683 a month, a gross rental yield of 6.9%.
What is the property tax rate in 08648?: The effective property tax rate in 08648 is 2.1% — roughly $9,632 a year on a typical home.
Who lives in 08648?: ZIP code 08648 has a population of 31,323 and a median household income of $125,514.

#Comparable ZIPs

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

08620 vs 08648 →
Yardville CDP, NJ
Typical home
$465,245
Gross yield
—
08520 vs 08648 →
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%
08619
Mercerville CDP, NJ
Typical home
$431,331
Gross yield
7.0%
08628
Trenton, NJ
Typical home
$428,241
Gross yield
5.6%
08610
White Horse CDP, NJ
Typical home
$352,628
Gross yield
5.7%

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Pit ZIP 08648 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · NJ08648

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