Español

Este sitio también está en español. Leer en español

City · 42,625 residents · Miami-Dade County, Florida

Princeton , Florida

In Princeton, a typical home is worth $426,900 and typical rent is $1,647 a month. Compared with all of Miami-Dade County, typical household income is 16% higher, typical rent is 10% lower, and the share of households that own their home is 17 points higher.

WhatsApp

  • Typical home value

    $426,900

    8% below the county

    19% above Florida

    • Princeton
    • Miami-Dade
    • Florida

  • Typical rent

    $1,647a month

    10% below the county

    About the same as Florida

    • Princeton
    • Miami-Dade
    • Florida

  • Typical household income

    $83,426a year

    16% above the county

    12% above Florida

    • Princeton
    • Miami-Dade
    • Florida

  • Households that own their home

    69%

    17 points above the county

    2 points above Florida

    • Princeton
    • Miami-Dade
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Princeton is in Miami-Dade County. The FHA loan limit ($667,000 for a one-unit home), the fair market rents and the help on this page are those of all of Miami-Dade County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Princeton apart

What this place has that others do not, from public data, most unusual first.

  1. 69% of households in Princeton own their home, against 52% in Miami-Dade County.

  2. The typical household income in Princeton is $83,426, 16% more than in Miami-Dade County as a whole ($71,753).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Princeton

What homes there are in Princeton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 60% of homes here, against 39% in Miami-Dade County.

Year built

Homes in Princeton are newer: the typical year built is 2008; in Miami-Dade County, 1980.

In Princeton, 82% of homes have 3 bedrooms or more, more than in Miami-Dade County (45%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,460 a month

Miami-Dade County: $2,451 a month

Without a mortgage

$775 a month

Miami-Dade County: $815 a month

Owners with a mortgage

77%

Miami-Dade County: 59%

The typical cost for an owner with a mortgage in Princeton is $2,460 a month, near the figure in Miami-Dade County ($2,451).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Princeton rose 64%; in Miami-Dade County, it rose 60%.

Since 2015–2019, the typical rent in Princeton did not change clearly, according to the Census.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePrincetonMiami-Dade CountyFloridaUnited States
Rental vacancy Unreliable estimate5.5%7.6%5.5%
Homeowner vacancy Unreliable estimate1.2%1.4%0.9%
More than one person per room 6.3%7.2%3.3%3.4%
People per household 3.422.762.512.53
Drive alone 69%69%70%69%
Carpool 12%9%9%9%
Public transit Unreliable estimate3%1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 14%14%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

In Princeton, 6.3% of households live with more than one person per room, about the same as in Miami-Dade County.

More people live in each home here: 3.42 on average, against 2.76 in Miami-Dade County.

In Princeton, 12% of workers share a car to get to work; in Miami-Dade County, 9%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Princeton?

A typical home costs more than the typical income allows

We start with a typical home in Princeton, worth $426,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income in Princeton, which is $83,426 a year. For that payment to be 28% of income, a household would need to earn about $153,726 a year.

The calculator's FHA and conventional loan limits are those of all of Miami-Dade County.

Your numbers

Local data
$

Starts at the typical home value in Princeton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,942 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,587

at 7.18% · 30 years

Loan amount
$419,167
Total interest
$603,083
Paid off in
November 2056

Includes $7,209 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,947 a month

  • Tight

    $1,947 to $2,503 a month

  • Hard

    more than $2,503 a month

    Your payment · 52%

Compared with the typical household income in Princeton ($83,426 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,587
Principal & interest$2,840
Property tax$381
Home insurance$178
FHA mortgage insurance (MIP)$189

You need at least $14,942 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Princeton and Miami-Dade County

Princeton is in Miami-Dade County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Princeton's own numbers

Typical home value
$426,900
Typical monthly rent
$1,647
Typical yearly household income
$83,426
Households that own their home
69%
Effective property tax rate
1.07%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Miami-Dade County

FHA limit, one-unit home
$667,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,564
Price change over 5 years (FHFA)
+80%
Homes in a high flood-risk zone
40%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Miami-Dade County.

Everything about Miami-Dade County

Buying

Buying a home in Princeton

A typical home in Princeton is worth $426,900: 8% below the county and 19% above Florida. With the typical household income in Princeton ($83,426 a year), a typical home costs 5.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Princeton 5.1 years
  • Miami-Dade 6.5 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Miami-Dade County

According to FHFA’s house price index, home prices in Miami-Dade County rose 148% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Miami-Dade County.

Period County Florida U.S.
Last year (2025) +2.8% −0.5% +2.9%
5 years (2020–2025) +80% +60% +47%
10 years (2015–2025) +148% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Princeton next to Miami-Dade County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Princeton $426,900
  • Miami-Dade $463,000
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Princeton $1,647
  • Miami-Dade $1,829
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Princeton $83,426
  • Miami-Dade $71,753
  • Florida $74,568
  • United States $80,734
See the full table
Princeton next to Miami-Dade County and Florida
Measure Princeton Miami-Dade County Florida U.S.
Typical home value $426,900 $463,000 $359,000 $332,700
Typical monthly rent $1,647 $1,829 $1,669 $1,413
Typical yearly household income $83,426 $71,753 $74,568 $80,734
Households that own their home 69% 52% 68% 65%
Typical yearly property tax $4,577 $3,744 $2,730 $3,119
Effective property tax rate 1.07% 0.81% 0.76% 0.94%
Renters with high rent for their income 63% 64% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Miami-Dade County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Princeton

For a typical $426,900 home in Princeton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Princeton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,587a month

    Least cash to close
    Down payment
    $14,942
    Cash to close
    $27,749
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $189

  • Conventional, 5% down $3,509a month

    Down payment
    $21,345
    Cash to close
    $34,152
    Rate
    7.18%
    Mortgage insurance
    PMI · $203

  • Conventional, 20% down, no PMI $2,872a month

    Down payment
    $85,380
    Cash to close
    $98,187
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,267a month

    Down payment
    $64,035
    Cash to close
    $76,842
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Princeton and for Miami-Dade County.

Property tax

Effective rate in Princeton

1.07%of the home’s value each year

$4,577 a year for the typical owner in Princeton.

  • Princeton 1.07%
  • Miami-Dade 0.81%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Miami-Dade County

FEMA does not publish these numbers by city: they are for all of Miami-Dade County.

Homes in the high-risk zone
40%
199,250
Of those, with NFIP insurance
74%
County Florida U.S.
Homes in the high-risk zone 40% 13% 3.5%
Of those, with NFIP insurance 74% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Princeton

Typical rent in Princeton is $1,647 a month: 10% below the county. In Princeton, 63% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Miami-Dade County, by unit size. To pay the 2-bedroom one ($2,564 a month) without spending more than 30% of your income, you would need to earn $49.31 an hour working full time.

HUD fair market rent for all of Miami-Dade County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,953 $37.56 $78,120
1 bedroom $2,121 $40.79 $84,840
2 bedrooms $2,564 $49.31 $102,560
3 bedrooms $3,277 $63.02 $131,080
4 bedrooms $3,749 $72.10 $149,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Princeton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Princeton is in ZIP code 33032.

For 2 bedrooms it is $2,360: $204 less than the fair market rent for Miami-Dade County ($2,564).

  • 33032 $2,360$3,020

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Princeton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Princeton

HUD lists 2 buildings with rents for lower incomes in Princeton. These are the largest.

  • Mirabella 12801 SW 252nd St, Princeton 33032 204 low-income homes · 1 bd: 64 · 2 bd: 96 · 3 bd: 44 · In service since 2011 · For families
  • La Joya Estates 14261 SW 267th St, Princeton 33032 106 low-income homes · 1 bd: 6 · 2 bd: 66 · 3 bd: 34 · In service since 2018 · For families

See all 399 buildings in Miami-Dade County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Princeton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 11 HUD-approved agencies with an office in Miami-Dade County; 9 say they serve in Spanish.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Princeton

1 program is for Princeton or Miami-Dade County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Florida: they work in Princeton the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Princeton

The HUD-approved agencies closest to the center of Princeton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Operation Hope- Homestead FL

    777 N Krome Ave, Homestead · 7 miles away · Spanish

    • Mortgage delinquency workshops
    • Budget and financial counseling
    • and 3 more
    (786) 326-6172

  • Centro Campesino, Farmworkers Center, Inc

    35801 SW 186th Ave, Florida City · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    305-245-7738-227

  • Real Estate, Education and Community Housing, Inc.

    7875 NW 12th St, Doral · 17 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (786) 260-6821

Every agency in Miami-Dade County All counseling agencies in Florida

Help in Spanish near Princeton

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Princeton

In HUD’s record, no housing authority with an office in Miami-Dade County is named for Princeton or Miami-Dade County.

6 other authorities have an office in Miami-Dade County: see the list Source: HUD

Cities

Other cities in Miami-Dade County

These cities are also in Miami-Dade County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Miami-Dade County Housing in Florida
See 48 more cities in Miami-Dade County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Princeton, with the typical home value.

Neighboring counties

If Miami-Dade County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Princeton.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Princeton

Short answers with the numbers for Princeton and all of Miami-Dade County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Princeton?

The typical home value in Princeton is $426,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Miami-Dade County it is $463,000.

How much does it cost to rent in Princeton?

Typical rent in Princeton is $1,647 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Miami-Dade County is $2,564.

What is the FHA loan limit in Princeton?

Princeton uses the FHA limit for all of Miami-Dade County (2026): $667,000 for a one-unit home and $1,282,700 for a four-unit home.

How much property tax do owners pay in Princeton?

The typical homeowner in Princeton pays $4,577 a year, according to the U.S. Census Bureau. That is 1.07% of the home’s value; in Miami-Dade County, the rate is 0.81%.

Where can I find free help to buy or rent in Princeton?

There are 11 HUD-approved counseling agencies with an office in Miami-Dade County. 9 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).