Home Price Key
Affordable
Average
Expensive
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 $175,558, lower than the Michigan average of $196,062.
The average cost of rent is $661/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. While nearly 40.97% of residents own their homes outright in Princeton, 2.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Princeton is $5,656 per month. Households that rent pay about 11.68% of their income on rent here. Princeton's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
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Cities with Similar Populations
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