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Princeton

Learn about the people, housing, costs and businesses in Princeton, Kentucky

Median Home$107,603
Median Rent$731/month
Population6,121
Leading IndustriesTransportation · Information & Media · Retail5% transportation
Home Value Growth⬆⬆⬆+32.3% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners59% of occupied units
NotableAffordable Market$108k median home · lower cost than 89% of the country
Princeton
KY

Frequently Asked Questions

What are today's mortgage rates in Princeton?

As of today, the 30-year fixed mortgage rate for Princeton is approximately 7.050% (7.091% 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 Princeton?

The median home value in Princeton is $108k. The median monthly rent is $731. Annual property taxes average $646. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Princeton?

Home values in Princeton have increased 32.3% over the past two years. This indicates a strong appreciation trend. 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 Princeton?

Based on a typical all-in ownership cost of $708/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Princeton is $51k/year.

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What industries drive the economy in Princeton?

The largest employment sectors in Princeton are retail (19%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.