Princeton today
What this means
Princeton prices barely moved in the past year (+1.3%).
No Zillow figure covers this place, so the value is the Census 2020 to 2024 median updated with the FHFA price index. Rough guide only; see how these figures are built.
Quick facts
| Princeton | vs Miami-Dade County | vs Florida | |
|---|---|---|---|
| Population | 42,625 (Census survey) | ||
| Median home value | $426,900 | 8% lower | 19% higher |
| Median gross rent | $1,647 | 10% lower | 1% lower |
| Median household income | $83,426 | 16% higher | 12% higher |
| Owner occupied homes | 69.3% | +17.1 pts | +1.7 pts |
| Residents 65 and older | 8.6% | -8.3 pts | -12.7 pts |
| Average commute (minutes) | 40 | 31% higher | 45% higher |
| Homes built 2010 or later | 46.2% | +34.8 pts | +32.0 pts |
| Median property tax paid | $4,577 | 22% higher | 68% higher |
Census survey figures are 2020 to 2024 averages; methods.
Living in Princeton
Unincorporated south Miami Dade community about 24 miles southwest of downtown, started as a railroad depot in the 1900s.
There is no city hall here: Princeton is a Census designated place, and Miami-Dade County sets the rules.
Known for: US 1 (Dixie Highway) corridor; Turnpike Homestead Extension
Getting around and growth: The Turnpike forms its east edge with access at Exit 9.
Against the Miami-Dade County averages, housing is newer (46.2% built since 2010 vs 11.4%); less of the housing is in apartment and condo buildings (14% vs 44.7%); households are larger (3.42 vs 2.76 people) and more homes are owner occupied (69.3% vs 52.2%).
Closest matches on price and rent: St. Augustine ($439,800, $1,653), Hollywood ($410,600, $1,653), Venice ($434,700, $1,606).
Growth and housing
Yearly population estimates are not published for Census designated places; the county trend is the best guide. Miami-Dade County grew 3.7% from 2020 to 2025.
46.2% of homes are 2010 or newer, so HOA dues and CDD assessments are common. CDD fees
The typical home here was built around 2008. The housing mix is 60% detached houses and 14% larger buildings. Households average 3.42 people.
0.1% of residents moved in from another state in the past year (county 1.3%).
Risks to price in
| Risk item | Detail |
|---|---|
| County average homeowners insurance with wind | $5,975 a year |
| Hurricanes tied to Miami-Dade County since 2000 | Katrina (2005) |
| Coastal county | check flood zone and elevation per address |
Flood, storms and jobs
As an unincorporated area, Princeton uses Miami-Dade County flood rules (CRS class 3, 35% off high risk premiums). For county flood claims, disaster history and jobs, see the Miami-Dade County guide (40.5% of homes there are in high risk zones).
Buying a home in Princeton
| 2026 loan limits (county) | Amount |
|---|---|
| FHA, one unit | $667,000 |
| Conforming, one unit | $832,750 |
| Median home value here | $426,900 |
Homes cost 5.1 times median household income here (Miami-Dade County 6.5, Florida 4.8).
- Conventional: the default for buyers with solid credit and 5% or more down.
- FHA: the Princeton median of $426,900 fits under the $667,000 limit.
Investing in Princeton
Long term rentals
| Princeton | vs Miami-Dade County | |
|---|---|---|
| Renter occupied homes | 30.7% | -17.1 pts |
| Rental vacancy | 0.6% | -4.9 pts |
| Rent as share of renter income | 44.1% | +5.9 pts |
Short term rentals
Seasonal and vacation homes: 0% of the stock, against 4.6% countywide.
| Short term rental taxes | Rate |
|---|---|
| County tourist development tax | 6% |
| State sales tax | 6% plus any county surtax |
Nightly rentals depend on local zoning and the HOA; check both. State rules
Property types
| Housing stock | Share |
|---|---|
| Single family detached | 60% |
| Buildings with 5+ units | 14% |
| Manufactured homes | 2% |
Nearby
Other Florida markets
Sources
- U.S. Census Bureau, American Community Survey 2020 to 2024 5 year estimates. 2020 to 2024.
- U.S. Census Bureau, Population Estimates, Vintage 2025. July 1, 2025.
- U.S. Census Bureau, Building Permits Survey, 2025 annual. 2025.
- FFIEC HMDA Data Browser, originated loans. 2025 and 2024.
- LendingTree: 2026 FHA loan limits in Florida by county (HUD figures). 2026.
- Florida Realtors: FHFA sets 2026 conforming loan limits. 2026.
- Florida Office of Economic and Demographic Research: 2026 local option tourist tax rates. 2026.
- Florida Office of Insurance Regulation, July 2026 Insurance Stability Unit report (average homeowners premium with wind, as of March 31, 2026). March 31, 2026.
- Freddie Mac Primary Mortgage Market Survey. week of October 22, 2026.
- Wikipedia: List of counties in Florida. checked October 2026.
- U.S. Census Bureau county adjacency file. 2024.
- Wikipedia county article and statewide lists (colleges, teams, airports); Florida Defense Support Task Force installation map. checked October 2026.
- Wikipedia article for this place (history, setting, roads). checked October 2026.
- Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted. September 2026.
- Federal Housing Finance Agency House Price Index (county annual, metro and state quarterly, all transactions). through Q2 2026.
- U.S. Census Bureau, Building Permits Survey, January to September 2026 and 2025. September 2026.
- FEMA OpenFEMA, NFIP Residential Penetration Rates. as of August 2026.
- FEMA OpenFEMA, FIMA NFIP Redacted Claims (2000 to 2026). as of September 2026.
- FEMA OpenFEMA, NFIP Community Status Book (Community Rating System class). August 2026.
- FEMA OpenFEMA, Disaster Declarations Summaries (2000 to 2026). October 2026.
- U.S. Census Bureau, County Business Patterns 2023. 2023.
- U.S. Census Bureau, ACS 2020 to 2024, median gross rent by bedrooms (B25031). 2020 to 2024.
- Hurricane landfalls: Wikipedia, List of Florida hurricanes (2000 to present). checked October 2026.
Estimates from public data; they change over time. General information, not investment, tax or legal advice, and not a loan offer. Methods and assumptions.