08534 — Pennington, NJ Home Values
Typical home value $692,552 as of June 2026 · 4th of 19 in Trenton-Princeton, NJ
Blue: typical home value (Zillow ZHVI) in ZIP code 08534, June 2021 to June 2026. This page shows observed data only; no forecast.
How 08534 compares in the Trenton-Princeton, NJ area
ZIP code 08534 (Pennington, NJ) has a typical home value of $692,552 as of June 2026, ranking 4th of 19 ZIP codes tracked in the Trenton-Princeton, NJ area, more expensive than about 84% of ZIP codes in the metro. Prices here have moved +1.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.7%, from $517,892 in June 2021 to $692,552 in June 2026. Against observed rent, the typical home here sells for 19.6× the annual rent ($2,947/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Trenton-Princeton, NJ forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Trenton.
Population and demographics
ZIP code 08534 has a population of 13,174, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 73.7% White, 19% Asian, 3.2% Hispanic or Latino, 2.9% two or more races, 1.1% Black or African American, and 0.1% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Toll Gate Grammar School | 275 SO MAIN STREET, PENNINGTON, NJ | 0.6 mi |
| Hopewell Valley Central High School | 259 PENNINGTON TITUSVILLE RD, PENNINGTON, NJ | 0.6 mi |
| Timberlane Middle School | 51 S TIMBERLANE DRIVE, PENNINGTON, NJ | 0.8 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 08534?
$692,552 as of June 2026, the latest month Zillow has published observed data for.
Is 08534 an expensive ZIP code in the Trenton-Princeton, NJ area?
08534 ranks 4th of 19 ZIP codes in the Trenton-Princeton, NJ area by typical home value, more expensive than about 84% of ZIP codes in the metro.
How much have home values in 08534 changed over the past year?
+1.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 08534?
The typical home price is 19.6× the observed annual rent in this ZIP code ($2,947/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 08534?
13,174, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 08534?
Toll Gate Grammar School (0.6 mi), Hopewell Valley Central High School (0.6 mi), Timberlane Middle School (0.8 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 08534?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Trenton-Princeton, NJ forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.