Housing Availability for Purchase

From time to time, Princeton’s Department of Affordable Housing has several resale units available for sale. Sales prices are set in accordance with rules adopted by the Superior Court of New Jersey.  To apply to purchase an affordable unit, please complete the Preliminary Sales Application on the Affordable Housing webpage.

Currently Princeton has one two-bedroom moderate income unit for sale at the Washington Oaks Condominium development.  To be considered for this unit, your household size must be between 2-4 persons. Please refer to the Table below which outlines minimum and maximum gross annual income each household size.

Affordable Units Available For Sale

Two Bedroom Moderate Income Unit

Sales Price Household SizeMinimum IncomeMaximum Income
$104,377
2
$43,698$69,915

3
$49,159$78,654

4
$54,622
$87,393


Affordable Units Available For Sale

Two Bedroom Low Income Unit

Sales Price Household SizeMinimum IncomeMaximum Income
$70,236
2
$26,219$43,697

3
$29,496$49,159

4
$32,773
$54,621


To purchase this unit you must either pre-qualify for a mortgage or be a cash buyer. In addition to mortgage payments, other monthly housing costs will include:

Equal Housing Opportunity

  • Homeowner's Association Fees
  • Homeowner's Insurance
  • Interest
  • Private Mortgage Insurance (if applicable)
  • Utility Payments 

Princeton Offers no guarantee or representation of unit availability for every applicant.