HomeMinnesotaMille Lacs CountyPrinceton city
Princeton city, Minnesota: commercial real estate data.
Princeton city is a Census city of 5,274 people across 4.93 square miles of land, lying across Mille Lacs County and Sherburne County. Median household income is $62,219, 62.1 percent of occupied homes are owned, and the SBA record carries 28 7(a) approvals to borrowers here worth $9.6 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Princeton
What Princeton is
- Census place typecity
- Land area4.93 sq mi
- Water area0.22 sq mi
- Population per square mile of land1,069
- County holding the largest share of its areaMille Lacs County, 72.1 percent
- Counties this place lies inMille Lacs County 72.1 percent, Sherburne County 27.9 percent
Princeton city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Princeton
How many people live in Princeton
- Population5,274
- Median age39.4
- Population under 18977 plus or minus 200
- Share under 1818.5 percent plus or minus 3.7
- Population 65 and over1,286 plus or minus 265
- Share 65 and over24.4 percent plus or minus 4.9
- Households2,039
- Family households1,249
- Share of households that are families61.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Princeton
Income and work in Princeton
- Median household income$62,219 plus or minus $13,110
- Per capita income$31,770
- Civilian labor force2,678
- Employed2,636
- Unemployed42 plus or minus 48
- Unemployment rate1.6 percent plus or minus 1.8
- Adults 25 and over3,707
- Adults 25 and over with a high school diploma or higher89.4 percent
- Adults 25 and over with a bachelor degree or higher13.6 percent plus or minus 3.9
- Adults 25 and over with a graduate degree4.9 percent plus or minus 2.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Princeton
Housing in Princeton
- Housing units2,238
- Occupied units2,039
- Vacant units199 plus or minus 161
- Vacancy rate8.9 percent plus or minus 7.2
- Owner occupied1,267
- Renter occupied772 plus or minus 159
- Ownership rate62.1 percent
- Median owner-occupied home value$218,700
- Median gross rent, monthly$991
- Annual rent as a share of median income19.1 percent plus or minus 5.0
- Single family units1,539
- Share single family68.8 percent
- Units in buildings of two or more530 plus or minus 175
- Share in buildings of two or more23.7 percent plus or minus 7.5
- Mobile homes169 plus or minus 100
- Median year structure built1974
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Princeton
How Princeton gets to work
- Workers 16 and over who commute2,483
- Commuting under 15 minutes1,082 plus or minus 311
- Share commuting under 15 minutes43.6 percent plus or minus 10.7
- Commuting 30 minutes or more921 plus or minus 239
- Share commuting 30 minutes or more37.1 percent plus or minus 7.9
- Drove alone83.3 percent
- Carpooled9.9 percent plus or minus 5.0
- Public transport1.0 percent plus or minus 0.9
- Walked0.6 percent plus or minus 1.1
- Worked from home4.9 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Princeton
SBA loans in Princeton (7(a))
- Approvals28
- Gross approval$9,621,700
- Average approval$343,632
- Median approval$205,000
- Ninetieth percentile approval$935,000
- Largest approval$2,000,000
- Jobs supported359
- Jobs per approval12.8
- Loans with a final outcome8
- Paid in full8
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more17.9 percent
- Share to franchises7.1 percent
- Distinct lenders15
- Distinct industries by NAICS21
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Princeton
SBA loans in Princeton (504)
- Approvals18
- Gross approval$9,249,000
- Average approval$513,833
- Median approval$510,000
- Largest approval$1,222,000
- Jobs supported180
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mille Lacs County, not Princeton
Mille Lacs County context, not Princeton figures
These are Mille Lacs County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Princeton measurements.
- Establishments in Mille Lacs County742
- Employment at those establishments, Mille Lacs County8,011
- Covered employment, Mille Lacs County9,372
- Average annual pay, Mille Lacs County$47,582
- Average weekly wage, Mille Lacs County$915
- Housing units permitted, Mille Lacs County162
- Of those, single family, Mille Lacs County82
- County product, 2024, Mille Lacs County$1,159,849,000
- County product change over the prior year, Mille Lacs County7.8 percent
- Average income of an arriving household, Mille Lacs County$62,873
Every figure in this section is published for Mille Lacs County as a whole and is not a measurement of Princeton. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Princeton questions, answered from the record.
How many people live in Princeton, Minnesota?
5,274, in 2,039 households. Princeton city covers 4.93 square miles of land, which is 1,069 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Princeton in?
Princeton lies in more than one. By area it is 72.1 percent in Mille Lacs County, 27.9 percent in Sherburne County. This page sits under Mille Lacs County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Princeton?
$62,219. The median owner-occupied home is valued at $218,700. Median gross rent is $991 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Princeton businesses?
28 7(a) approvals totalling $9.6 m, across 15 lenders, median approval $205,000, plus 18 504 approvals worth $9.2 m. These count approvals to borrowers whose address is in Princeton, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Princeton borrowers get paid back?
No rate is published for Princeton. only 8 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Princeton figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Mille Lacs County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Princeton.
Is zoning published for Princeton?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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