Palmer Square
The walkable core of Princeton, originally developed by Edgar Palmer in the 1930s around the village green. Today roughly 224 condo units anchor the area, including The Residences at Palmer Square (circa 2013, Minno & Wasko Architects). HOA approximately $438/mo. Walk Score of 95.
Palmer Square
by the numbers
Live data from BrightMLS, updated daily. All figures reflect transactions in the Palmer Square subdivision.
Why buyers choose
Palmer Square
Palmer Square traces its origins to Edgar Palmer, who developed the area around the village green in the 1930s, creating Princeton's most iconic public space. Today the neighborhood earns a Walk Score of 95, putting residents within a few minutes' walk of restaurants, boutiques, the Princeton Public Library, and the Princeton University campus. For buyers who prioritize walkability above all else, there is no better location in the Princeton school district.
The housing stock includes roughly 224 condo units, with The Residences at Palmer Square (circa 2013, designed by Minno & Wasko Architects) representing the newest addition. Older co-ops and historic townhomes round out the inventory. HOA fees average around $438 per month, covering exterior maintenance and common areas, which appeals to downsizers and buyers who don't want yard work.
The median price of around $605K makes Palmer Square one of the more affordable entry points into Princeton schools on a per-unit basis, though price per square foot is among the highest in town. Buyers here are paying for location and convenience rather than space.
Palmer Square draws a distinct buyer profile: university-affiliated professionals, empty nesters downsizing from larger Princeton homes, and younger buyers who want Princeton schools without the maintenance burden of a suburban house. Turnover is moderate, with about 21 closed sales per year, so inventory can be tight when demand spikes.
Current inventory
Active, coming soon, and under contract listings in this neighborhood right now.
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Active rentals
Current rental listings in this neighborhood. Contact us for details or to schedule a viewing.
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Recent transactions
in Palmer Square
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Palmer Square
FAQ
What is the price range in Palmer Square?
Units typically sell between $350K and $1.2M, with a median around $605K. One-bedroom condos start at the lower end, while larger townhomes and premium units with views of the green command higher prices.
Are there single-family homes in Palmer Square?
Very few. Palmer Square is overwhelmingly condos, co-ops, and townhomes. Buyers seeking detached single-family homes should look at surrounding neighborhoods like Littlebrook or Western Section.
What are the HOA fees like?
HOA fees vary widely depending on the building and unit size, but typically range from $300 to $800 per month. Fees generally cover exterior maintenance, common area upkeep, and sometimes water or heat. Always verify what's included before making an offer.
Is parking available in Palmer Square?
Parking is the main trade-off of living in downtown Princeton. Some units come with assigned parking spaces, while others rely on street parking or municipal lots. Always check parking arrangements carefully before purchasing.
What's the commute like from Palmer Square?
The Dinky train to Princeton Junction is a short walk, connecting to NJ Transit's Northeast Corridor line to Penn Station NYC. By car, Route 1 is a few minutes away. The walkability advantage means many daily trips don't require a car at all.
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