Market Overview
Home Prices in Princeton, KY
The median home value in Princeton, KY is $148,433 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 9% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Princeton are priced64% below average.
Over the past five years, Princeton home values have risen by approximately20.3%, reflecting strong long-term appreciation in this market.
Price History
Princeton Home Price Trend
2020
$111,954
$112K
—
2021
$123,355
$123K
+10.2%
2022
$141,502
$142K
+14.7%
2023
$147,060
$147K
+3.9%
2024
$155,770
$156K
+5.9%
2025
$163,157
$163K
+4.7%
2026
$148,433
$148K
-9.0%
City Comparison
Princeton vs. National Median
🏠 Princeton
$148,433
National Median
$410,000
At $148,433, homes in Princeton cost 64% below the national median of $410,000. This makes Princeton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Princeton?
20% Down Payment
$29,687
on $148,433
Monthly P&I
$774/mo
30-yr @ 6.8%
Total Monthly Est.
~$983/mo
incl. taxes & insurance
Income Needed
$39,320
gross annual (30% rule)
10% Down Option
$14,843
+ PMI applies
Loan Amount (20% dn)
$118,746
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Princeton, KY?
The median home value in Princeton is $148,433 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 9% year-over-year.
How much have home prices changed in Princeton?
Over the past year, home values in Princeton have decreased by 9%. Over five years, prices have risen approximately 20.3%.
How much do I need to earn to buy a home in Princeton?
To comfortably afford the median home price of $148,433 with a 20% down payment ($29,687) at today's rates (6.8%), you'd need a gross annual income of approximately $39,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Princeton compare to the national average home price?
The national median home value is approximately $410,000. At $148,433, homes in Princeton are 64% below the national average.