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Affordable
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These days, finding an affordable place to live in the Princeton area can be challenging. Home prices in Princeton are now at a median cost of $172,370, lower than the Alabama average of $228,911.
The average cost of rent is $949/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. In Princeton, 8.94% of households rent, and 53.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Princeton is $6,142 per month. Households that rent pay about 15.46% of their income on rent here. Princeton’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Estillfork, AL: equally priced homes
- Hollytree, AL: higher priced homes
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- New Market, AL: higher priced homes
- Trenton, AL: less expensive homes
- Swaim, AL: higher priced homes
- Skyline, AL: less expensive homes
- Letcher, AL: less expensive homes
- Sulphur Springs, AL: higher priced homes
- Hytop, AL: equally priced homes
Cities with Similar Populations
- Poe, WV: less expensive homes
- Oberon, ND: less expensive homes
- Olive Branch, NC: higher priced homes
- Pinsonfork, KY: less expensive homes
- Pioneer, TX: higher priced homes
- Pittman Center, TN: higher priced homes
- Plattsburg, OH: higher priced homes
- Pletcher, AL: less expensive homes
- Plumville, PA: equally priced homes
- Oakfield, OH: equally priced homes
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