Princeton, WV—24740
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Princeton, WV
Home Price Trends — Princeton, WV
As of Oct '25, the median home price in Princeton, WV is $147,000, with a year-over-year change of 3.6%. This indicates that home prices in Princeton, WV are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 3.6% |
| Single Family | $147,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 0.0% |
3 Bed | $158,000 | 3.3% |
4 Bed | $207,000 | 4.0% |
| 5 Bed | $261,000 | 1.2% |
% of Housing Stock
Rental Trends — Princeton, WV
As of July '25, Rentcast reports the average rent in Princeton, WV is $942, with a year-over-year rent change of -0.2%. Per bedroom, the median rent as of July '25 in Princeton, WV is 1-bedrooms: $742, 2-bedrooms: $812, 3-bedrooms: $995, 4-bedrooms: $1,750. The most common rental property sizes in Princeton, WV are 3-bedroom and 2-bedroom, accounting for 40.7% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $942 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $742 |
| 2 Bed Rent | $730 | $812 |
| 3 Bed Rent | $995 | $995 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Princeton, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeton, WV is 66. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $212,000 | -19.0% |
Listing Count | 47 | 24.0% |
| Listings as % of Homes | 0.5% | 24.0% |
Days on Market | 66 | 44.0% |
Demographics — Princeton, WV
As of the latest ACS Survey released in 2023, Princeton, WV has a population of 16,600, which has decreased by -46.0% over the past 5 years. Princeton, WV is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -46.0% |
% Under 18 | 23.7% | 16.2% |
% Seniors | 22.0% | -1.3% |
% WFH | 6.5% | 225.0% |
% w/ College Degree | 21.7% | 2.8% |
As of the latest ACS Survey released in 2023, Princeton, WV is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Princeton, WV is black, making up 2.9% of the population. Foreign-born residents account for 0.9% of the population in Princeton, WV, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.1% | -4.5% |
% Black | 2.9% | 7.4% |
% Hispanic | 1.2% | -14.3% |
% Asian | 0.5% | -58.3% |
% Foreign Born | 0.9% | 0.0% |
Mortgage and Risk — Princeton, WV
According to HUD data as of 2023, there were 172 mortgage originations in Princeton, WV, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Princeton, WV. Investor activity is low, as 7.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Princeton, WV
Princeton, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 348 |
Total Units Section 8 | 348 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $750 | $680 |
| 2 Bedroom | $120 | $730 | $850 |
| 3 Bedroom | $175 | $995 | $1,170 |
| 4 Bedroom | -$500 | $1,750 | $1,250 |
Affordability — Princeton, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $147,000 |
| Median Household Income | $46,300 |