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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 $216,706, lower than the North Carolina average of $323,314.
The average cost of rent is $1,041/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. In Princeton, 30.43% of households rent, and 36.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Princeton is $7,057 per month. Households that rent pay about 14.75% of their income on rent here. Princeton’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pine Level, NC: equally priced homes
- Pike Crossroads, NC: higher priced homes
- Micro, NC: equally priced homes
- Selma, NC: equally priced homes
- Stevens Mill, NC: less expensive homes
- Pikeville, NC: equally priced homes
- Grantham, NC: less expensive homes
- Smithfield, NC: higher priced homes
- Goldsboro, NC: equally priced homes
- Fremont, NC: less expensive homes
Cities with Similar Populations
- Weiser, ID: higher priced homes
- Cadiz, KY: equally priced homes
- Camp Pendleton, CA: higher priced homes
- Cape St. Claire, MD: higher priced homes
- Capitola, CA: higher priced homes
- Caro, MI: less expensive homes
- Carrollton, VA: higher priced homes
- Carthage, TX: less expensive homes
- Castroville, CA: higher priced homes
- Waynesville, OH: higher priced homes
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