Princeton, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Princeton, Texas rental market.
Princeton, Texas
Average Apartment Rent
$1,762
Y-o-Y Change in Average
Apartment Rent
-19.9%
As of November 2024
Compared to a year ago, Princeton, Texas apartments have recorded a -19.9% rent decrease.
Princeton, Texas Average apartment rent trend
Princeton, Texas Average Apartment Rent
Princeton, Texas Apartment rent ranges
At 36.76%, apartments priced $1,000 - $1,500 represent the bulk of Princeton, Texas rentals, while condos priced Over $2,000 hold the lowest share of the market – 27.54%.
Princeton, Texas Housing tenure**
Renters take up 21% of Princeton, Texas real estate, occupying a total of 1,251 units, while homeowners live in 4,602 properties.
Median number of rooms of renter-occupied housing units**
5.5
Renter median household income**
$53,188
Average household size of renter-occupied housing units**
2.93
Rental vacancy rate**
8.1%
Princeton, Texas Renter-occupied housing units by no. of bedrooms**
There are 372 rentals in Princeton, Texas with 4 beds making up the highest share of the market, at 30%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 31 units. Overall, the median number of rooms in Princeton, Texas homes for rent is 5.5.
Princeton, Texas Renter-occupied units by age of householder**
Most condos for rent in Princeton, Texas are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Princeton, Texas Renter-occupied housing units by family type**
Princeton, Texas Renter-occupied housing units by the presence of own children**
A total of 826 apartments for rent in Princeton, Texas, or 66% of all rentals are family households. Additionally, 49% of rental homes include children under the age of 18 – that’s 611 units. All in all, the median size of a renter-occupied household in Princeton, Texas is 2.93.
Princeton, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Princeton, Texas.
Princeton, Texas Renter-occupied units by year structure built**
The highest share of Princeton, Texas apartment rentals, namely 31% or 391 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (21%, 264 units), and the ones Built 2020 or later (12%, 155 units).
Princeton, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Princeton, Texas renters (54%) moved in 2018 to 2020, while only 9% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Princeton, Texas condos for rent is 2019.
Princeton, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Princeton, Texas renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 17% have No vehicle available.
Princeton, Texas Means of transportation to work of householders living in renter-occupied housing units**
Princeton, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Princeton, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
