Princeton, MN 55371 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Princeton, MN—55371

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$359,000

3.0% YoY Growth

Household Income

$89,700

33.6% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$1,120

20.5% YoY Growth

1-Bed Rent

$805

37.3% YoY Growth

2-Bed Rent

$995

2.5% YoY Growth

3-Bed Rent

$1,700

1.8% YoY Growth

Home Price Trends — Princeton, MN

As of Dec '25, the median home price in Princeton, MN is $359,000, with a year-over-year change of 3.0%. This indicates that home prices in Princeton, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$359,000	3.0%
Single Family	$359,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Princeton, MN

As of July '25, Rentcast reports the average rent in Princeton, MN is $1,280, with a year-over-year rent change of -20.5%. Per bedroom, the median rent as of July '25 in Princeton, MN is studios: $1,120, 1-bedrooms: $1,050, 2-bedrooms: $995, 3-bedrooms: $1,720. The most common rental property sizes in Princeton, MN are 2-bedroom and 1-bedroom, accounting for 39.4% and 31.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,120	$1,280
Studio Rent	$1,120	$1,120
1 Bed Rent	$805	$1,050
2 Bed Rent	$995	$995
3 Bed Rent	$1,700	$1,720
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.8%

1 Bedroom

31.0%

2 Bedrooms

39.4%

3 Bedrooms

18.5%

4 Bedrooms

7.1%

5+ Bedrooms

1.2%

Property Listings — Princeton, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Princeton, MN is 48. This is a decrease of -19.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$461,000	12.0%
Listing Count	33	-12.0%
Listings as % of Homes	0.5%	-12.0%
Days on Market	61	2.0%

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Demographics — Princeton, MN

As of the latest ACS Survey released in 2023, Princeton, MN has a population of 17,400, which has increased by 2.4% over the past 5 years. Princeton, MN is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,400	2.4%
% Under 18	23.9%	-9.5%
% Seniors	16.7%	36.9%
% WFH	8.9%	58.9%
% w/ College Degree	18.6%	-0.5%

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As of the latest ACS Survey released in 2023, Princeton, MN is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Princeton, MN is hispanic, making up 2.4% of the population. Foreign-born residents account for 1.4% of the population in Princeton, MN, and this percentage has increased by 16.7% 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	91.6%	-4.0%
% Black	0.2%	0.0%
% Hispanic	2.4%	60.0%
% Asian	0.6%	-14.3%
% Foreign Born	1.4%	16.7%

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Mortgage and Risk — Princeton, MN

According to HUD data as of 2023, there were 603 mortgage originations in Princeton, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Princeton, MN. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	603
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Princeton, MN

Princeton, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	102
Total Units Section 8	62
% Rentals under Section 8	5.5%
% Occupied Section 8	96.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$395	$805	$1,200
2 Bedroom	$465	$995	$1,460
3 Bedroom	$270	$1,700	$1,970
4 Bedroom	N/A	N/A	$2,240

Princeton, MN—55371

Key Metrics at a Glance

Home Price Trends — Princeton, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeton, MN

% of Rental Stock

Property Listings — Princeton, MN

Demographics — Princeton, MN

Race and Ethnicity

Mortgage and Risk — Princeton, MN

Mortgages

Rentals and Section 8 — Princeton, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeton, MN

Home Price to Income Ratio

Princeton, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Zimmerman, MN

Pease, MN

Dalbo, MN

Milaca, MN

Foreston, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$359,000
Median Household Income	$89,700

Princeton, MN—55371

Key Metrics at a Glance

Home Price Trends — Princeton, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeton, MN

% of Rental Stock

Property Listings — Princeton, MN

Demographics — Princeton, MN

Race and Ethnicity

Mortgage and Risk — Princeton, MN

Mortgages

Rentals and Section 8 — Princeton, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeton, MN

Home Price to Income Ratio

Princeton, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Zimmerman, MN

Pease, MN

Dalbo, MN

Milaca, MN

Foreston, MN

Frequently Asked Questions

What is the average home price in Princeton, MN 55371?

How have home prices in Princeton, MN 55371 changed over the past year?

What is the home price projection for Princeton, MN 55371?

What are the demographics of Princeton, MN 55371?

How long does it take homes to sell in Princeton, MN 55371?

What is the average rent price in Princeton, MN 55371?