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Princeton, IL Real Estate


According to census data in the year 2000 there were 3,525 housing units in Princeton. This represents a 9.9% growth from 3,208 in 1990.

Of those housing units, 3,387 were located in either urbanized areas or urban clusters, and 138 were located in what is classified as a rural area.

Homeownership rate in Princeton is about 68.7%. Princeton's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Princeton were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type3%
One Bedroom13.40%
Two Bedrooms26.50%
Three Bedrooms39.20%
Four Bedrooms14.40%
Five Bedrooms or more3.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1950
Median Value of occupied units$91,800
Median Price asked for vacant units$89,500

Rented Homes, Apartments and Condos

Average Household Size1.88
Median year structure was built1960
Median Monthly Rent asked for vacant units$390

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.70%
Home Equity Loan8.40%
Simple Mortgage44.30%
Debt Free42.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16%