In Princeton, a typical home is worth $128,700 and typical rent is $1,022 a month. Compared with all of Gibson County, the typical home value is 29% lower, typical household income is 15% lower, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $148,529 to $193,800.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Princeton is in Gibson County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Gibson County. See the county
What this place has that others do not, from public data, most unusual first.
1
61% of households in Princeton own their home, against 77% in Gibson County.
2
The typical home in Princeton is worth $128,700,29% less than in Gibson County as a whole ($180,000).
3
Nearby, in Vincennes, the typical rent is $793: 22% less than in Princeton ($1,022).
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 houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Princeton
Gibson County
Indiana
United States
Kind of home: Princeton and its comparisons
Measure
Princeton
Gibson County
Indiana
United States
Detached house
70%
79%
73%
61%
Attached house
Unreliable estimate
Unreliable estimate
4%
6%
Building of 2 to 4
12%
5%
6%
8%
Apartments (5 or more)
11%
6%
13%
19%
Mobile home
5%
9%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Princeton (70%), but less so than in Gibson County (79%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Princeton
Gibson County
Indiana
United States
Year built: Princeton and its comparisons
Measure
Princeton
Gibson County
Indiana
United States
Before 1960
39%
37%
31%
26%
1960–1979
26%
20%
24%
24%
1980–1999
22%
22%
23%
25%
2000–2009
7%
10%
12%
14%
2010 or later
6%
12%
10%
11%
In Princeton, half of the homes were built before 1971; in Gibson County, before 1974.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K35%
$100K–$200K47%
$200K–$300K10%
$300K–$500K5%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Princeton and its comparisons
Measure
Princeton
Under $100K
35%
$100K–$200K
47%
$200K–$300K
10%
$300K–$500K
5%
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA limit for Gibson County is high ($541,287): at least 97% of owner-occupied homes in Princeton are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99937%
$1,000–$1,49946%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Princeton and its comparisons
Measure
Princeton
Under $500
Unreliable estimate
$500–$999
37%
$1,000–$1,499
46%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,113 a month
Gibson County: $1,324 a month
Without a mortgage
$479 a month
Gibson County: $507 a month
Owners with a mortgage
63%
Gibson County: 54%
Owning costs less in Princeton: with a mortgage, the typical cost is $1,113 a month; in Gibson County, $1,324. Without one, $479.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Princeton+33%
Gibson County+55%
Indiana+54%
United States+53%
Typical rent
Princeton+63%
Gibson County+42%
Indiana+29%
United States+33%
Typical household income
Princeton+22%
Gibson County+22%
Indiana+28%
United States+29%
Change since 2015–2019: Princeton and its comparisons
Measure
Princeton
Gibson County
Indiana
United States
Typical home value
+33%
+55%
+54%
+53%
Typical rent
+63%
+42%
+29%
+33%
Typical household income
+22%
+22%
+28%
+29%
From 2015–2019 to 2020–2024, the typical home value in Princeton rose 33%; in Gibson County, it rose 55%.
Since 2015–2019, the typical rent in Princeton rose 63%, more than in Gibson County (42%).
Housing prices ran ahead of income in Princeton: typical income rose 22%, against +33% for home values and +63% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Princeton and its comparisons
Measure
Princeton
Gibson County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
2.6%
1.8%
3.4%
People per household
2.36
2.40
2.46
2.53
Drive alone
80%
83%
76%
69%
Carpool
10%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
4%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Princeton look like those in Gibson County: 2.36 people on average.
The car rules in Princeton: 80% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Princeton?
A typical home is within reach of the typical income
We start with a typical home in Princeton, worth $128,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income in Princeton, which is $57,618 a year.
The calculator's FHA and conventional loan limits are those of all of Gibson County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Princeton. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $4,505 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,057
at 7.18% · 30 years
Loan amount
$126,368
Total interest
$181,814
Paid off in
November 2056
Includes $2,173 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,344 a month
Your payment · 22%
Tight
$1,344 to $1,729 a month
Hard
more than $1,729 a month
Compared with the typical household income in Princeton ($57,618 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$856
Property tax
$90
Home insurance
$54
FHA mortgage insurance (MIP)
$57
You need at least $4,505 for the down payment, plus closing costs.
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.
Total monthly payment $1,057; principal and interest $856.
The city and its county
Princeton and Gibson County
Princeton is in Gibson County, Indiana. 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
Map of Gibson County, Indiana, with Princeton marked. Around it, the neighboring counties.
Princeton
Gibson County
Princeton's own numbers
Typical home value
$128,700
Typical monthly rent
$1,022
Typical yearly household income
$57,618
Households that own their home
61%
Effective property tax rate
0.84%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Gibson County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,083
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
2.6%
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 Gibson County.
A typical home in Princeton is worth $128,700: 29% below the county and 41% below Indiana. With the typical household income in Princeton ($57,618 a year), a typical home costs 2.2 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.
Princeton2.2 years
Gibson2.7 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Gibson County
According to FHFA’s house price index, home prices in Gibson County rose 79% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Gibson County.
Yearly change in FHFA’s price index in Gibson County, 2016 to 2025
2016: +4.9% +4.9% 2016
2017: +3.2% +3.2% 2017
2018: +5.3% +5.3% 2018
2019: +4.2% +4.2% 2019
2020: +3.2% +3.2% 2020
2021: +8.3% +8.3% 2021
2022: +16.0% +16.0% 2022
2023: +8.4% +8.4% 2023
2024: +5.0% +5.0% 2024
2025: +2.0% +2.0% 2025
Change in FHFA’s price index in Gibson County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+2.0%
+4.3%
+2.9%
5 years (2020–2025)
+46%
+53%
+47%
10 years (2015–2025)
+79%
+95%
+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 Gibson County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Princeton$128,700
Gibson$180,000
Indiana$218,200
United States$332,700
Typical monthly rent
Princeton$1,022
Gibson$935
Indiana$1,062
United States$1,413
Typical yearly household income
Princeton$57,618
Gibson$67,573
Indiana$71,957
United States$80,734
See the full table
Princeton next to Gibson County and Indiana
Measure
Princeton
Gibson County
Indiana
U.S.
Typical home value
$128,700 ▼29% below the county
$180,000
$218,200
$332,700
Typical monthly rent
$1,022 ▲9% above the county
$935
$1,062
$1,413
Typical yearly household income
$57,618 ▼15% below the county
$67,573
$71,957
$80,734
Households that own their home
61% ▼15 points below the county
77%
71%
65%
Typical yearly property tax
$1,075 ▼17% below the county
$1,301
$1,614
$3,119
Effective property tax rate
0.84% ▲0.12 points above the county
0.72%
0.74%
0.94%
Renters with high rent for their income
46% ▲10 points above the county
36%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Gibson 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 $128,700 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$1,057a month
Least cash to close
Down payment
$4,505
Cash to close
$8,366
Rate
7.18%
Mortgage insurance
FHA MIP · $57
Conventional, 5% down$1,033a month
Down payment
$6,435
Cash to close
$10,296
Rate
7.18%
Mortgage insurance
PMI · $61
Conventional, 20% down, no PMI$841a month
Down payment
$25,740
Cash to close
$29,601
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$960a month
Down payment
$19,305
Cash to close
$23,166
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Princeton
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,057
$4,505
$126,369
7.18%
FHA MIP · $57
$8,366
580
Conventional, 5% down
$1,033
$6,435
$122,265
7.18%
PMI · $61
$10,296
620*
Conventional, 20% down, no PMI
$841
$25,740
$102,960
7.18%
None
$29,601
620*
ITIN, 15% down (example)
$960
$19,305
$109,395
8.18%
None
$23,166
Set by the lender
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.
Typical rent in Princeton is $1,022 a month: 9% above the county. In Princeton, 46% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Gibson County, by unit size. To pay the 2-bedroom one ($1,083 a month) without spending more than 30% of your income, you would need to earn $20.83 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Gibson County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$822
$15.81
$32,880
1 bedroom
$828
$15.92
$33,120
2 bedrooms
$1,083
$20.83
$43,320
3 bedrooms
$1,364
$26.23
$54,560
4 bedrooms
$1,524
$29.31
$60,960
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 47670.
For 2 bedrooms it is $1,130: $47 more than the fair market rent for Gibson County ($1,083).
Fair market rent by ZIP code and size in Princeton, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
47670
$860
$860
$1,130
$1,420
$1,590
ZIP code2 bd3 bd
47670 $1,130$1,420
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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
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.
We found no HUD-approved agencies with an office in Gibson County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Princeton or Gibson County. The ones below are statewide in Indiana: they work in Princeton the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Princeton or Gibson County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Princeton and all of Gibson 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 $128,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Gibson County it is $180,000.
How much does it cost to rent in Princeton?
Typical rent in Princeton is $1,022 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Gibson County is $1,083.
What is the FHA loan limit in Princeton?
Princeton uses the FHA limit for all of Gibson County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Princeton?
The typical homeowner in Princeton pays $1,075 a year, according to the U.S. Census Bureau. That is 0.84% of the home’s value; in Gibson County, the rate is 0.72%.
Where can I find free help to buy or rent in Princeton?
We found no HUD-approved counseling agencies with an office in Gibson County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
