The Most Affordable Neighborhoods in Princeton, TX by Home Value

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 $314,148, lower than the Texas average of $322,096.

The average cost of rent is $2,109/mo in Princeton, primarily driven by the current value of real estate in the Princeton area. In Princeton, 23.07% of households rent, and 29.85% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Princeton is $8,347 per month. Households that rent pay about 25.27% of their income on rent here. Princeton’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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