Housing
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
Amenities
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
Commute
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
Located in the state of Minnesota, Princeton is a small-sized city with a population of 4,701 inhabitants. At 93%, the majority of the Princeton population is White; this is followed by 2% Asian and 1% Black. Princeton is very likely to be a great place to live for singles as only 48%, of the population (over fifteen) are classified as married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Princeton your home, your one-way commute time will typically last around 27 minutes, a duration that aligns with the national average commute time of 26 minutes.
Living in Princeton can be a good experience for anyone moving to the city. Having said that, in the state of Minnesota, there are many desirable places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Finding the best places to live in Princeton and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, commute, education, employment, housing and other important metrics.
The livability score in Princeton is 64/100 and the city is ranked in the 57th percentile of all cities across America. There are nine total categories that form the livability score. Princeton scores well for crime (B), cost of living (B-), education (B-) and housing (A-) There is at least one category that you should be aware of in Princeton. The following was graded with a less than perfect score: amenities (F) and employment (D-).
Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 141 crimes per 100,000 residents, which signifies that Princeton boasts an impressively low violent crime rate that falls well below the national average.
Finding affordable real estate and housing in Princeton can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Princeton is actually affordable. Median real estate prices in Princeton come in at $148,000, which is 22.7% lower than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Princeton, the home price to income ratio is 4, which is 33.3% higher than the Minnesota average.
| Statistic | Princeton | Minnesota | National |
| Average one way commute | 27min | 23min | 26min |
| Workers who drive to work | 72.1% | 78.0% | 76.4% |
| Workers who carpool | 11.4% | 8.7% | 9.3% |
| Workers who take public transit | 4.1% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 4.0% | 2.8% | 2.8% |
| Working from home | 5.7% | 5.3% | 4.6% |
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