Princeton, NC—27569
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princeton, NC
As of Nov '25, the median home price in Princeton, NC is $267,000, with a year-over-year change of -0.3%. This indicates that home prices in Princeton, NC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $267,000 | -0.3% |
| Single Family | $267,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | -1.2% |
3 Bed | $277,000 | -0.4% |
4 Bed | $371,000 | 2.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Princeton, NC
As of July '25, Rentcast reports the average rent in Princeton, NC is $1,570, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Princeton, NC is 2-bedrooms: $1,570, 3-bedrooms: $1,390, 4-bedrooms: $2,100. The most common rental property sizes in Princeton, NC are 2-bedroom and 3-bedroom, accounting for 50.5% and 42.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,150 | $1,570 |
| 3 Bed Rent | $1,400 | $1,390 |
| 4 Bed Rent | $1,800 | $2,100 |
% of Rental Stock
Property Listings — Princeton, NC
As of Nov '25, Realtor.com reports that the median days on market for a home in Princeton, NC is 78. This is a decrease of -31.0% 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 6.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 0.0% |
Listing Count | 69 | 3.0% |
| Listings as % of Homes | 1.4% | 3.0% |
Days on Market | 78 | -31.0% |
Demographics — Princeton, NC
As of the latest ACS Survey released in 2023, Princeton, NC has a population of 8,400, which has increased by 5.7% over the past 5 years. Princeton, NC is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,400 | 5.7% |
% Under 18 | 25.7% | 11.3% |
% Seniors | 17.0% | 0.0% |
% WFH | 7.5% | 33.9% |
% w/ College Degree | 21.1% | 15.9% |
As of the latest ACS Survey released in 2023, Princeton, NC is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Princeton, NC is hispanic, making up 14.3% of the population. Foreign-born residents account for 5.6% of the population in Princeton, NC, and this percentage has increased by 14.3% 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 | 76.9% | -2.9% |
% Black | 6.5% | -30.1% |
% Hispanic | 14.3% | 57.1% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 5.6% | 14.3% |
Mortgage and Risk — Princeton, NC
According to HUD data as of 2023, there were 175 mortgage originations in Princeton, NC, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Princeton, NC. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 175 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Princeton, NC
Princeton, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,320 |
| 2 Bedroom | $340 | $1,150 | $1,490 |
| 3 Bedroom | $440 | $1,400 | $1,840 |
| 4 Bedroom | $640 | $1,800 | $2,440 |
Affordability — Princeton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $267,000 |
| Median Household Income | $73,500 |