Why Live in Lambertville
Lambertville is a neighborhood celebrated for its nationally recognized charm and walkability, with a population of around 4,000 residents. The area is known for its historic appeal, featuring a mix of Victorian, Federal, and National-style homes along its flat, walkable city blocks. Specialty shops, art galleries, and restaurants line Union and Bridge streets, with notable attractions like The People’s Store, Under the Moon Cafe, and The Boat House. The Delaware and Raritan Canal State Park trail and the Delaware River provide recreational opportunities such as hiking, biking, fishing, and boating. Cultural events like ShadFest and Porchfest contribute to the vibrant community atmosphere. Lambertville is approximately 40 miles from Philadelphia and 70 miles from New York City, with limited commuter bus services available. While the area faces flood risks due to the Delaware River Watershed, state-funded flood resilience initiatives and discounted flood insurance help mitigate these concerns. The neighborhood also features pocket parks with shaded benches and colorful gardens, as well as larger parks like Ely Field, which has athletic fields and playground equipment. Nearby, the Goat Hill Overlook offers scenic views of the river and city. Lambertville’s proximity to New Hope, Pennsylvania, enhances its access to local art and entertainment. The South Hunterdon Regional School District serves the area, with schools undergoing renovations to improve facilities. Despite the flood risks, Lambertville remains a quaint and appealing slice of western New Jersey, attracting both residents and tourists with its unique blend of history, culture, and natural beauty.
Frequently Asked Questions
What is the average home price in Lambertville, NJ?
Homes for sale in Lambertville, NJ have an average home price of $647,799.
Are home prices dropping in Lambertville?
Yes, home prices in Lambertville are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Lambertville, NJ?
116 homes have sold in Lambertville, NJ over the last 12 months.
What are the most popular zip codes in Lambertville, NJ?
How much do you need to make to afford a house in Lambertville?
The median home price in Lambertville is $599,900. If you put a 20% down payment of $120,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $3,120 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $134K a year to afford the median home price in Lambertville.
How are the schools in Lambertville, NJ?
Home Trends in Lambertville, NJ
On average, homes in Lambertville, NJ sell after 41 days on the market compared to the national average of 50 days. The median sale price for homes in Lambertville, NJ over the last 12 months is $611,500, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$611,500
Median Single Family Sale Price
$593,600
Median Townhouse Sale Price
$995,000
Median 2 Bedroom Sale Price
$508,500
Average Price Per Sq Ft
$344
Number of Homes for Sale
22
Last 12 months Home Sales
116
Median List Price
$599,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
