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Princeton

Princeton

Located in Caldwell County

$153,595 Average Value
$107 Average Price per Sq Ft
14 Homes For Sale

Princeton is a self-sufficient rural city with history roots

Princeton is an independent home rule city tucked between western Kentucky's swaths of farmland. The community has everything from major employers and shopping destinations to schools and varied neighborhoods. It also preserves its connection to significant historical events through site markers and annual festivals. Revitalization and tourism efforts help the city grow, and neighbors support one another. "It's your traditional midwestern town, but we go a little heavier on the southern charm," says Julie Poole, Princeton's city clerk. "It's a friendly place where people are outgoing and welcoming."

The city has varied neighborhoods and steady reconstruction

Neighborhoods near downtown are more densely packed but have quicker access to businesses and organizations. Farther from the city center, lots become more spacious, but neighbors remain close. Near the city limits, subdivisions can feel almost rural, with sprawling lawns and mature trees lining country roads. Across the city are bungalows, ranch-style houses, American Foursquares and Craftsman-style homes. Some houses sell for less than $100,000 based on size and condition, but most properties cost between $100,000 and $365,000.
In December 2021, a violent EF-4 tornado destroyed nearly 70 Princeton homes. "It caused a lot of damage, so we've been experiencing a mini housing renaissance in the years following," Poole says. The Hope Initiative non-profit has helped rebuild tornado-affected residential areas by reconstructing homes for tornado victims. Princeton is also at moderate risk of flooding, especially around downtown. Heavy rainfall periodically causes road closures and possible infrastructure damages.

Downtown is the city’s core, but more retail options are by Highway 62

The city's old-fashioned downtown holds a collection of small businesses, private organizations and city institutions. The Java Table serves hot and frozen drinks, while Omerta Sports Lounge has laid-back bar grub. Newsom's Hams Old Mill Store sells local cured meats, pimento cheeses, jellies and jams. Along Highway 62, a large retail center offers chain restaurants and equipment stores, like Falder's Farm, Home and Industry Supply. A Walmart Supercenter and the weekly Caldwell County Farmers Market also line the highway.
Caldwell County was a dry county until 2012, when Princeton changed it into a moist county. The city opened two liquor stores, and a few restaurants offer alcoholic drinks on their menus.

Parks, museums and galleries offer history, culture and recreation

The city has many parks, but Princeton-Caldwell City County Park is the hub for recreation. The park has pickleball, tennis and baseball facilities, plus a pool and splash pad open from May to September. Big Spring Park is Princeton's heart, as the entire city was built around the park's natural spring water cave. It is also a well-known Trail of Tears historic site. The private Princeton Golf Club regularly hosts tournaments and scrambles.
City attractions include the Adsmore Museum, which preserves the everyday lifestyle of a western Kentucky family from the early 1900s. "It got its name because every time people went to visit the family, they had added something new to the home," Poole says. At the Princeton Art Guild, people can browse rotating exhibitions and attend seasonal events.

Caldwell County schools and a career center sit side by side

Caldwell County Primary, Elementary, Middle and High schools are along Marion Road. Each school earns a B grade from Niche, except Caldwell County High, which receives a B-minus. Next to the high school is the Caldwell Regional Career Center, which offers courses in welding, carpentry and other trades. The city is also home to the University of Kentucky Research and Education Center.

Black Patch uprisings and music traditions live on through events

Princeton is considered the heart of Black Patch tobacco territory. The crop created an agricultural boom during the late 1800s and early 1900s, but big tobacco companies took advantage of small farmers. Thus came the Night Raiders — vigilantes that destroyed tobacco factories in protest. The Black Patch War became one of the largest civil uprisings in American history, and Princeton commemorates it with the Black Patch Festival. It features a big heritage parade, Black Patch pageants and a downtown street fair. The city also hosts the annual Pennington Folk Festival, a two-day lineup of bands using traditional Kentucky thumbpicking techniques.

Railways and highways intersect in Princeton, but employers are near

Residents are car-dependent but rarely commute. The city has several employers, including Caldwell Medical Center and manufacturers like TreeHouse Foods. Agriculture also remains a prominent industry. Nonetheless, drivers have easy access to Highway 62 and Interstate 69, which connect to Barkley Regional Airport roughly 55 miles away.
The community has two railroads. Three or four trains roll through the city each day, occasionally making stops at the railyard. "It's comforting for me to hear the low rumble of them passing by," Pool says.

Isabel Butler
Written By
Isabel Butler

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Schools

Source:
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Parks in this Area

Princeton Housing Trends

Housing Trends

Median List Price
$162,000
Median Sale Price
$141,000
Median Single Family Sale Price
$149,250
Median Townhouse Sale Price
$90,000
Median Change From 1st List Price
7%
Last 12 months Home Sales
48
Median Home Sale Price YoY Change
-16%
Average Price Per Sq Ft
$107

Area Facts

Number of Homes in Neighborhood
2,030
Number of Homes for Sale
14
Median Year Built
1968
Months of Supply
3.50
Average Single Family Home Size Sq Ft
1,481
Significantly below the national average
1,925
Average Townhouse Size Sq Ft
1,928
Median Lot Size Sq Ft
10,890

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Princeton Has More Owners

Demographics

Total Population
6,007
Median Age
42
Population under 18
24.9%
On par with the national average
23.8%
Population over 65
21.8%
On par with the national average
19.1%

Finances

Median Household Income
$45,217
Significantly below the national average
$71,702
Average Household Income
$65,075

Education and Workforce

High School Graduates
83%
College Graduates
19.1%
Below the national average
34.1%
Advanced Degrees
8.3%
% Population in Labor Force
55.6%
Below the national average
65.1%

Weather

Annual Precipitation
49''
Average Winter Low Temperature
26°F
Average Summer High Temperature
89°F
Annual Snowfall
3''

Area Factors

Somewhat Bikeable

Bike Score®®

31 / 100

Car-Dependent

Walk Score®®

23 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Princeton