The housing market in Princeton, IN is booming. The median value of homes in the area is $140,300 which is significantly lower than the US median of $338,100. Despite this difference in value, the appreciation rate for houses in Princeton over the past year has been an impressive 16.17%, much higher than the US average of 8.27%. This means that people who are looking to buy a home in Princeton can expect to pay more over time as their investment appreciates. Therefore, Princeton is an attractive option for potential homeowners and those looking to make an investment in real estate.
The median home cost in Princeton is $140,300. Home appreciation the last 10 years has been 71.9%. Home Appreciation in Princeton is up 16.1%.
Average Age of Homes
- The median age of Princeton real estate is 58 years old
The Rental Market in Princeton
- Renters make up 29.3% of the Princeton population
- 4.5% 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.