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Princes Lakes

Learn about the people, housing, costs and businesses in Princes Lakes, Indiana

Median Home$291,900
Median Rent$1,020/month
Population1,402
Leading IndustriesRetail · Wholesale Trade · Transportation20% retail
Home Value Growth+9.1% over 2 years
Young Adults22% of residents
Homeowners94% of occupied units
NotableHigh Incomes$91k/year · top 24% nationally
Princes Lakes
IN

Frequently Asked Questions

What are today's mortgage rates in Princes Lakes?

As of today, the 30-year fixed mortgage rate for Princes Lakes is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Princes Lakes?

The median home value in Princes Lakes is $292k. The median monthly rent is $1,020. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Princes Lakes?

Home values in Princes Lakes have increased 9.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Princes Lakes?

Based on a typical all-in ownership cost of $1,160/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Princes Lakes is $91k/year.

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What industries drive the economy in Princes Lakes?

The largest employment sectors in Princes Lakes are public administration (26%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.