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Princeton, IL

Full City Profile · Illinois · Bureau County County

3.1 /5.0
B Good
7,829 Population 950/sq mi density
$57,682 Median Income $35,310 per capita
$131,300 Home Value $165,646 Zillow
$739 Median Rent 28.4% income on rent
50°F Avg Temperature 275 sunny days/yr
147 Violent Crime/100K 1,853 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$57,682 median income, 4.6% unemployment
A+
Affordability
5.0 / 5.0
$131,300 home value, $739/mo rent
F
Safety
1.0 / 5.0
147 violent crimes/100K
B
Education
3.0 / 5.0
25.3% bachelor's degree or higher

Housing Overview

Median Home Value
$131,300
53% below
US avg: $281,900
Median Rent
$739/mo
36% below
US avg: $1,163/mo
Homeownership Rate
71.4%
9% above US avg (65.4%)
Total Housing Units
3,840
Median year built: 1962

Home Value by Source

Census Median
$131,300
Zillow (ZHVI)
$165,646
Median Sale Price
$141,000
Median List Price
$319,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

71.4%
Owner-Occupied
28.6%
Renter-Occupied
71%
29%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $739/mo

Market Indicators (Redfin)

Median Days on Market
119 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
23.1%
of listings with price reduction
Price Per Sq Ft
$116
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
71.4%

Complete Housing Data

Home Values

Census Median Value$131,300
Zillow Home Value (ZHVI)$165,646
Median Sale Price$141,000
Median List Price$319,900
Price Per Sq Ft$116

Rent

Census Median Rent$739
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market119
Sale-to-List Ratio1.0%
Price Drops23.1%
Homes Sold7
Active Inventory13
Price Per Sq Ft$116

Ownership & Stock

Owner-Occupied71.4%
Renter-Occupied28.6%
Homeownership Rate71.4%
Total Housing Units3,840
Median Year Built1962
Rent Burden28.4%