The town of Princeton, New Jersey is a town full of history, brimming with excitement, and poised on the brink of the future. With its thriving and stable economy, convenient location, and innate antique charm, Princeton NJ Real Estate has a lot to offer its residents. As the home of Princeton University, Princeton is the epitome of the college town, with a strong complement of artists and scholars, as well as great food, entertainment, and shopping. Historic buildings pepper the downtown area, all carefully maintained to preserve the stories they reveal of famous former residents. Thanks in part to the presence of the University, Princeton is one of New Jersey's most highly educated communities.
An Emphasis on Education
Princeton University is one of the eight prestigious Ivy League schools, recognized as a premier educational and research institution. Its history begins in Elizabeth, NJ, where it was founded as the College of New Jersey in 1746, and became only the fourth college in the American colonies to offer classes. It was also one of the first colleges to maintain no official religious affiliation, although in its early days the college did have ties to the Presbyterian Church. Indeed, one of the main purposes in its founding was to train Presbyterian ministers. In 1756, the college's campus was moved to Princeton, where it has remained ever since. The name "Princeton University" was officially adopted in 1896. Its presence has had an enormous impact on the development of the town, especially in the downtown area, where the majority of the campus is located.
Besides Princeton University, the town is also home to several other educational institutions, including the Westminster Choir College of Rider University, the Princeton Theological Seminary, and Mercer County Community College. The Institute for Advanced Study, one of the world's leading centers for intellectual inquiry and theoretical research, is located in Princeton Township. All have strong ties to Princeton University.
A Geographic Perspective
Technically, Princeton real estate lies in not one town, but two. In 1894, Princeton Borough seceded from Princeton Township in a dispute over the delegation of tax revenues. Today, the borough includes most of the Princeton University campus, as well as Nassau Street, where the larger part of the town's commercial and retail district is located. Until the 1950s, the borough comprised the largest part of the town, but postwar suburban expansion and a steadily increasing demand for Princeton, NJ homes helped the township grow. Today, its population is nearly equal to the borough's. When both areas are combined, the population of the town of Princeton includes approximately 30,000 people.
Due to its central location in Mercer County in central New Jersey, Princeton residents enjoy easy access to both Philadelphia and New York City, via the railways or I-95. Many owners of Princeton, NJ homes work in those cities, or in nearby Trenton, the state capitol of New Jersey. Of course, there are countless business opportunities within Princeton itself, providing a strong corporate presence in the town, with resident companies including Dow Jones & Company, Sarnoff Corporation, Siemens Corporate Research, and Opinion Research Corporation. In fact, in 2005, Princeton was ranked number 15 of Money Magazine's Top 100 Towns in the United States to Live and Work.
Although many people who consider Princeton, NJ homes do so because of the presence of Princeton University or the many international corporation headquarters in the area, many buyers choose Princeton, NJ homes because of the appeal of the town itself. With its vibrant art and music scene, fueled in part by local students, its quaint atmosphere, spectacular shopping and dining options, and lovely real estate make Princeton exceedingly popular.
If you're looking for a place where work and recreation exist in perfect harmony, a place where historic architecture and colonial appeal meet tomorrow's businesses and technology, and a place where small-town charm complements big city convenience, you belong in a Princeton, NJ home. For more information about Princeton, NJ homes and the Princeton NJ MLS, please contact the expert Realtors of Sellers Realty Group at 609.799.4600 today.
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