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Cranbury CDP, NJ

ZIP 08512 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 08512

Median Home Value
$618,300
Median Rent
$1,479
Affordability Snapshot
$170,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,972/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.4x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

34.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 08512 in Cranbury CDP, NJ, a household would need roughly $170,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,972. That is about 47% above the local median household income ($115,255), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.1%-7% vs US avg
x
Vacancy Rate
3.7%-64% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
9.0%-39% vs US avg
x
Built Pre-1939
1.5%-89% vs US avg
x
Built Post-2014
0.9%-86% vs US avg
x
Rent Burden >30%
17.9%-64% vs US avg
x
Mortgage-Free
45.1%+18% vs US avg
x
$618,300
Home Value
$1,479
Rent
1981
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached47.1%
  • 1-unit attached7.5%
  • 2-9 units8.3%
  • 10+ units36.1%
  • Mobile home & other1.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$618,300
Median rent$1,479
Owner-occupied61.1%
Vacant3.7%
Price-to-income5.4x
Est. income to buy$170,000