Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Princeville

Learn about the people, housing, costs and businesses in Princeville, Illinois

Median Home$159,800
Median Rent$1,003/month
Population1,772
Leading IndustriesConstruction · Agriculture & Mining · Public Administration15% construction
Home Value Growth+3.9% over 2 years
Retirees24% of residentsslightly above average
Homeowners89% of occupied units
Princeville
IL

Frequently Asked Questions

What are today's mortgage rates in Princeville?

As of today, the 30-year fixed mortgage rate for Princeville is approximately 6.993% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Princeville
What is the median home price in Princeville?

The median home value in Princeville is $160k. The median monthly rent is $1,003. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Princeville?

Home values in Princeville have increased 3.9% 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 Princeville?

Based on a typical all-in ownership cost of $1,136/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Princeville is $75k/year.

Calculate your buying power
What industries drive the economy in Princeville?

The largest employment sectors in Princeville are public administration (26%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.