Princeton, IN—47670
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Princeton, IN
Home Price Trends — Princeton, IN
Princeton, IN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 4.8% |
| Single Family | $178,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $91,000 | 4.6% |
2 Bed | $128,000 | 5.8% |
3 Bed | $199,000 | 3.6% |
4 Bed | $255,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Princeton, IN
As of July '25, Rentcast reports the average rent in Princeton, IN is $1,440, with a year-over-year rent change of 63.5%. Per bedroom, the median rent as of July '25 in Princeton, IN is 1-bedrooms: $925, 3-bedrooms: $1,640, 4-bedrooms: $1,750. The most common rental property sizes in Princeton, IN are 2-bedroom and 3-bedroom, accounting for 42.2% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $925 | $925 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,640 | $1,640 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — Princeton, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeton, IN is 32. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $171,000 | -12.0% |
Listing Count | 38 | -36.0% |
| Listings as % of Homes | 0.3% | -36.0% |
Days on Market | 32 | -11.0% |
Demographics — Princeton, IN
As of the latest ACS Survey released in 2023, Princeton, IN has a population of 11,600, which has decreased by -3.5% over the past 5 years. Princeton, IN is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | -3.5% |
% Under 18 | 24.7% | 6.0% |
% Seniors | 17.4% | -5.9% |
% WFH | 2.0% | 100.0% |
% w/ College Degree | 12.8% | -9.9% |
As of the latest ACS Survey released in 2023, Princeton, IN is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Princeton, IN is black, making up 5.3% of the population. Foreign-born residents account for 3.3% of the population in Princeton, IN, and this percentage has increased by 37.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.2% | -6.2% |
% Black | 5.3% | 10.4% |
% Hispanic | 4.2% | 110.0% |
% Asian | 1.0% | 900.0% |
% Foreign Born | 3.3% | 37.5% |
Mortgage and Risk — Princeton, IN
According to HUD data as of 2023, there were 210 mortgage originations in Princeton, IN, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Princeton, IN. Investor activity is low, as 6.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Princeton, IN
Princeton, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 277 |
Total Units Section 8 | 265 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$175 | $925 | $750 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | -$440 | $1,640 | $1,200 |
| 4 Bedroom | -$480 | $1,750 | $1,270 |
Affordability — Princeton, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $178,000 |
| Median Household Income | $65,900 |