Princeton Home Prices & Values

$306,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9% 1-year change
  • 0.4% 1-year forecast

The median home value in Princeton is $306,500. Princeton home values have gone up 1.9% over the past year and Zillow predicts they will rise 0.4% within the next year. The median price of homes currently listed in Princeton is $385,000.

Foreclosures will be a factor impacting home values in the next several years. In Princeton 7.9 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 1.9 and also greater than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Princeton is 3.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Princeton homeowners underwater on their mortgage is 10.8%, which is lower than Worcester Metro at 19.1%.

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Relative ZHVI
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Princeton Market Overview

Data through Jul 31, 2014
  • $306,500 ZHVI
  • 0.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $385,000 Median listing price
  • No data Median sale price
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Princeton Market Health

Data through Jul 31, 2014
  • 5.6/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 10.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.9 homes(May 31, 2014) Princeton
1.9 homes Worcester Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sterling $277,200 Paxton $252,300 Holden $248,800
Town of Rutland $237,300 West Boylston $229,300 Hubbardston $221,600
Westminster $218,500 Leominster $199,100 Fitchburg $153,600

Listings & Sales

Data through Jul 31, 2014
  • $164 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 52.3% Listings with price cut
38.5%
Sold below listing
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Princeton Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,775 Princeton
$1,460 Worcester Metro
$1,318 United States
  • 5.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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