Princeton, MN


Highest Appreciating Princeton Neighborhoods Since 2000

Princeton, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Princeton Housing Market Information

With a population of 4,680, 2,047 total housing units (homes and apartments), and a median house value of $141,100, Princeton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Princeton, accounting for 54.12% of the city's housing units. Other types of housing that are prevalent in Princeton include large apartment complexes or high rise apartments ( 24.77%), row houses and other attached homes ( 14.72%), and a few mobile homes or trailers ( 3.52%).

People in Princeton primarily live in small (one, two or no bedroom) single-family detached homes. Princeton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Princeton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Princeton built between 1940-1969 ( 21.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.46%). There's also some housing in Princeton built before 1939 ( 18.75%).

Princeton Home Appreciation Rates

Homes have actually lost value in Princeton over the last then years, as home values have seen a decline of 21.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Princeton home appreciation rates at 1.44%, which equates to an annual appreciation rate of 5.89%.

Appreciation rates are so strong in Princeton that despite a nationwide downturn in the housing market, Princeton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Princeton appreciation rates continue to be some of the highest in America, at 7.87%, which is higher than appreciation rates in 86.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Princeton. Princeton appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Minnesota, our data show that Princeton's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Princeton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Princeton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Princeton real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,213,000 0.0
$910,001 - $1,213,000 0.0
$607,001 - $910,000 1.1
$485,001 - $607,000 0.1
$364,001 - $485,000 1.5
$243,001 - $364,000 6.4
$121,001 - $243,000 60.7
$61,001 - $121,000 21.3
$0 - $61,000 9.0

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
54.2482128208133 72.4845995893224

Number Of Homes And Apartments:

Princeton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.78% 0.90% 1 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,031 / per month

Homeownership Rate

Owners 53.07
Renters 46.93
Vacant 5.23

Housing Market Details


Age of Homes

AGE OF Princeton HOMES
2000 or Newer 20.5
1970 - 1999 39.0
1940 - 1969 21.8
1939 or Older 18.8

Types of Homes

Single-Family 54.1
Townhomes 14.7
Small Apt. Buildings 2.9
Apt. Complexes 24.8
Mobile Homes 3.5
Other 0.0

Home Size

No Bedroom 2.45
1 Bedroom 17.55
2 Bedrooms 32.08
3 Bedrooms 36.06
4 Bedrooms 10.28
5 or more bedrooms 1.57