Princeton, IN housing market
The typical Princeton home is worth about $193,000, up 5% in a year, 26% below the Indiana typical home.
Home values, sales, trends and how Princeton compares with the towns next door — updated as new data is published.
Princeton at a glance
Typical home value, 2016–2026
Show as a table
| January | Princeton | Indiana |
|---|---|---|
| 2017 | $99,000 | $135,000 |
| 2018 | $101,000 | $144,000 |
| 2019 | $112,000 | $154,000 |
| 2020 | $122,000 | $164,000 |
| 2021 | $135,000 | $183,000 |
| 2022 | $154,000 | $209,000 |
| 2023 | $162,000 | $227,000 |
| 2024 | $168,000 | $237,000 |
| 2025 | $181,000 | $249,000 |
| 2026 | $190,000 | $256,000 |
| August 2026 | $193,000 | $260,000 |
82 new homes permitted in 2025
Builders were permitted 82 new homes in Princeton in 2025: 2 single-family houses and 80 in buildings with two or more homes, worth about $9.5 million to build. That's 9.8 per 1,000 residents, faster than across Indiana (6). Over the past 10 years, Princeton has permitted 656 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Princeton's population fell by 343 even though 330 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Indiana: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 53 | 3 | 50 | $6.2 million |
| 2025 | 82 | 2 | 80 | $9.5 million |
| 2024 | 70 | 2 | 68 | $8.1 million |
| 2023 | 69 | 3 | 66 | $8 million |
| 2022 | 85 | 5 | 80 | $10 million |
| 2021 | 71 | 5 | 66 | $8.4 million |
| 2020 | 61 | 4 | 57 | $7.2 million |
| 2019 | 52 | 4 | 48 | $6.1 million |
| 2018 | 50 | 4 | 46 | $5.9 million |
| 2017 | 62 | 4 | 58 | $7.3 million |
| 2016 | 54 | 4 | 50 | $6.4 million |
| 2015 | 50 | 4 | 46 | $5.9 million |
| 2014 | 40 | 4 | 36 | $4.8 million |
| 2013 | 13 | 13 | 0 | $2.4 million |
| 2012 | 3 | 3 | 0 | $518,000 |
| 2011 | 2 | 2 | 0 | $166,000 |
| 2010 | 4 | 4 | 0 | $641,000 |
| 2009 | 1 | 1 | 0 | $87,000 |
| 2008 | 1 | 1 | 0 | $87,000 |
| 2007 | 17 | 17 | 0 | $2.6 million |
| 2006 | 15 | 13 | 2 | $2 million |
| 2005 | 19 | 17 | 2 | $2.5 million |
| 2004 | 45 | 43 | 2 | $5.4 million |
| 2003 | 46 | 44 | 2 | $5.6 million |
| 2002 | 34 | 34 | 0 | $3.8 million |
| 2001 | 35 | 35 | 0 | $3.9 million |
| 2000 | 179 | 18 | 161 | $8.2 million |
Princeton's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Princeton ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.4 years of income
The typical Princeton home costs about 3.4 years of the town's median household income, about the same as across Indiana (3.6).
How Princeton ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,010
HUD's Fair Market Rent for a two-bedroom in Princeton is $1,010 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Princeton pay a median of $1,022. A two-bedroom takes about 21% of the town's median household income.
Studio $770 · 4 bedrooms $1,370
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (47670; Gibson County, IN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.