Expensive
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 $317,750, lower than the Minnesota average of $345,793.
The average cost of rent is $1,069/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. In Princeton, 16.35% of households rent, and 32.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Princeton is $7,302 per month. Households that rent pay about 14.64% of their income on rent here. Princeton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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 Point, MN: equally priced homes
- Zimmerman, MN: higher priced homes
- Pease, MN: less expensive homes
- Dalbo, MN: equally priced homes
- Oxlip, MN: higher priced homes
- Orrock, MN: higher priced homes
- Walbo, MN: equally priced homes
- Oak Park, MN: equally priced homes
- East Lake Francis Shores, MN: equally priced homes
- Milaca, MN: less expensive homes
Cities with Similar Populations
- West Park, FL: equally priced homes
- Wilmington Island, GA: higher priced homes
- Williamsburg, KY: less expensive homes
- Whitefish Bay, WI: higher priced homes
- Dewitt, MI: equally priced homes
- Dexter, MI: higher priced homes
- White Plains, MD: higher priced homes
- Douglassville, PA: higher priced homes
- Druid Hills, GA: higher priced homes
- White Hall, AR: less expensive homes
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