Housing data for Princeton Township, MN
Princeton Township, MN has an estimated 2,038 residents and 861 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Mille Lacs County.
9.8% of households rent.
Figures last updated on .
- Residents
- 2,038 (±299)
- Housing units
- 861 (±125)
- Households that rent
- 9.8%
- Residents since 2015–2019
- −4.2%
What stands out in Princeton Township
Homes in buildings of 5 or more units: 0.0% (±4.5 points) in Princeton Township, lower than in Mille Lacs County (9.6%).
Households that rent: 9.8% (±6.0 points) in Princeton Township, lower than in Mille Lacs County (22.1%).
Households without a vehicle: 0.0% (±2.7 points) in Princeton Township, lower than in Mille Lacs County (5.5%).
Median household income: $88,056 (±$11,196) in Princeton Township, higher than in Mille Lacs County ($72,729).
- Types of homes in Princeton Township
- Commute and cars in Princeton Township
- Income and affordability in Princeton Township
Housing in Princeton Township at a glance
- Rent by bedrooms: $1,125 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 63.1% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 9.8% of households rent (Small sample: wide margin of error)
- Income and affordability: $88,056 median household income
- Home values: $300,900 median home value
- Homeowner costs: $2,063 median monthly cost with a mortgage
- Property taxes: $2,720 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 83.0% of homes have 3 or more bedrooms
- Age of homes: 52.1% of homes were built before 1980
- Vacancy rate: 13.1% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 47.3% heat with propane
- Commute and cars: 39.6 minutes average trip to work
- Growth: −4.2% residents since 2015–2019
- How long people stay: 17.2% moved in since 2020
- Crowding and facilities: 1.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Princeton Township against Mille Lacs County, its state and the nation
| Princeton Township | Mille Lacs County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 2,038 (±299) | 27,125 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 861 (±125) | 13,069 (±57) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 9.8% (±6.0 points) | 22.1% (±2.0 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | — | $903 (±$52) | $1,280 (±$7) | $1,413 |
| Median household income | $88,056 (±$11,196) | $72,729 (±$3,403) | $89,062 (±$409) | $80,734 |
| Median home value | $300,900 (±$31,821) | $258,300 (±$8,250) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $2,720 (±$198) | $2,698 (±$87) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 52.1% (±14.1 points) | 47.7% (±3.1 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 39.6 minutes (±5.7) | 32.0 minutes (±1.6) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 89.8% (±4.8 points) | 87.4% (±1.7 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 39.1 years (±6.5) | 41.2 years (±0.5) | 38.8 years (±0.1) | 38.9 years |
Princeton Township covers 31.8 square miles of land, about 64 residents per square mile (Census Bureau Gazetteer).
How Princeton Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,128 (±249) | 2,038 (±299) | −4.2% | Not a measurable change |
| Housing units | 945 (±83) | 861 (±125) | −8.9% | Not a measurable change |
| Median home value | $193,900 (±$20,771) | $300,900 (±$31,821) | +55.2% | Up after inflation |
| Median household income | $74,808 (±$6,500) | $88,056 (±$11,196) | +17.7% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,455 (±$98) | $2,063 (±$239) | +41.8% | Up after inflation |
| Median real estate taxes | $2,178 (±$257) | $2,720 (±$198) | +24.9% | No measurable change after inflation |
| Households that rent | 6.8% (±4.6 points) | 9.8% (±6.0 points) | +3.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±24.6 points) | 13.1% (±20.0 points) | +13.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Mille Lacs County
Princeton Township has no police department of its own in the FBI’s figures, so this is the figure for Mille Lacs County as a whole.
In 2025, the police departments that report for Mille Lacs County recorded 227 violent and 859 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Princeton Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 55371 | 16% | 18,103 | $975 | $327,200 | $93,824 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Princeton Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Princeton | 2.9 mi | $991 | $218,700 | 37.9% |
| Wyanett Township | 6.1 mi | $1,366 | $358,800 | 5.2% |
| Baldwin Township | 6.2 mi | — | $382,600 | 2.7% |
| Bogus Brook Township | 6.3 mi | — | $309,900 | 1.9% |
| Greenbush Township | 6.7 mi | $725 | $308,200 | 6.0% |
| Pease | 7.5 mi | $1,116 | $178,900 | 25.7% |
| Dalbo Township | 8.4 mi | $1,536 | $335,300 | 9.8% |
| Milo Township | 8.4 mi | — | $281,400 | 2.3% |
HUD Fair Market Rent for Princeton Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $820 | $870 | $1,124 | $1,351 | $1,879 |
HUD income limits for Princeton Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,600 | $34,300 | $54,900 |
| 2 people | $23,550 | $39,200 | $62,750 |
| 3 people | $27,320 | $44,100 | $70,600 |
| 4 people | $33,000 | $49,000 | $78,400 |
| 5 people | $38,680 | $52,950 | $84,700 |
| 6 people | $44,360 | $56,850 | $90,950 |
| 7 people | $50,040 | $60,800 | $97,250 |
| 8 people | $55,720 | $64,700 | $103,500 |
These are the limits HUD sets for its housing programs in the Mille Lacs County, MN HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $92,900.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Princeton Township
What is the median household income in Princeton Township?
The median household income in Princeton Township is $88,056 (±$11,196) a year (2020–2024 American Community Survey).
What is the average home value in Princeton Township, MN?
The Census Bureau publishes the median: $300,900 (±$31,821) for owner-occupied homes in Princeton Township (2020–2024 American Community Survey).
What is the average mortgage payment in Princeton Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Princeton Township, MN is $2,063 (±$239) a month, including taxes, insurance and utilities.
How much are property taxes in Princeton Township?
The median real estate tax paid by homeowners in Princeton Township, MN is $2,720 (±$198) a year (2020–2024 American Community Survey).
How many homes are in Princeton Township?
Princeton Township, MN has an estimated 861 (±125) housing units, occupied and vacant (2020–2024 American Community Survey).
What is the most common home size in Princeton Township?
The most common size is 3 bedrooms, 55.7% of homes in Princeton Township, MN.
Is Princeton Township growing?
In Princeton Township, the number of residents went from 2,128 in 2015–2019 to 2,038 in 2020–2024 (−4.2%), not a measurable change.
What ZIP codes are in Princeton Township?
The ZIP code that covers Princeton Township is 55371.
What is the median rent in ZIP code 55371?
The median gross rent in ZIP Code Tabulation Area 55371 is $975 (±$121) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Princeton township, Mille Lacs County, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Mille Lacs County, MN HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Mille Lacs County, MN HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Princeton township, Mille Lacs County, Minnesota (county subdivision:52540, in state:27 county:095).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .