The housing in Princeton, IL is considerably more affordable than the national average, with median value being $126,200 compared to $338,100 across the US. The one year house appreciation rate of 6.44% in Princeton, IL is slightly lower than the national rate of 8.27%, indicating that homes in Princeton are not increasing in value as quickly as those nationwide. Despite this however, this still represents a healthy rate of growth and shows that investing in real estate in Princeton could be beneficial for buyers looking to get a good return on their investment.
The median home cost in Princeton is $126,200. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Princeton is up 8.8%.
Average Age of Homes
- The median age of Princeton real estate is 58 years old
The Rental Market in Princeton
- Renters make up 30.2% of the Princeton population
- 3.5% of houses and apartments in Princeton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.