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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 $517,590, lower than the Massachusetts average of $625,090.
The average cost of rent is $908/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. In Princeton, 5.59% of households rent, and 40.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Princeton is $13,269 per month. Households that rent pay about 6.84% of their income on rent here. Princeton’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Sterling, MA: equally priced homes
- Leino Park, MA: higher priced homes
- Jefferson, MA: less expensive homes
- Sterling, MA: equally priced homes
- Rutland, MA: less expensive homes
- Princeton Station, MA: less expensive homes
- Hubbardston, MA: less expensive homes
- Westminster, MA: less expensive homes
- West Boylston, MA: equally priced homes
- Sandy Beach, MA: less expensive homes
Cities with Similar Populations
- Adger, AL: less expensive homes
- Earlsboro, OK: less expensive homes
- Lennox, SD: less expensive homes
- Andover, OH: less expensive homes
- Lewistown, IL: less expensive homes
- Liverpool, PA: less expensive homes
- McAlisterville, PA: less expensive homes
- Paden City, WV: less expensive homes
- Piedmont, SD: less expensive homes
- Port Hadlock-Irondale, WA: less expensive homes
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