HomeMinnesotaMille Lacs CountyPrinceton
Princeton, Minnesota: commercial real estate data.
Princeton 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 since FY2020.
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 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$177,500
- Ninetieth percentile approval$829,090
- 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
Counted by borrower city: approvals to borrowers whose address is in Princeton, in any county, FY2020 to FY2026. Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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$506,500
- Largest approval$1,222,000
- Jobs supported180
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Princeton, in any county, FY2010 to FY2026. Only 7 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Princeton
Flood risk in Princeton
- NFIP communityCity of Princeton
- NFIP community number270292
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/04/13
The City of Princeton participates in the National Flood Insurance Program as community 270292 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Mille Lacs County, not Princeton
Mille Lacs County context, not Princeton figures
- Establishments in Mille Lacs County742
- Covered employment, Mille Lacs County9,372
- Average annual pay, Mille Lacs County$47,582
- Housing units permitted, Mille Lacs County162
Every figure in this section is published for Mille Lacs County as a whole and is not a measurement of Princeton.
All Mille Lacs County figures →
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $9.6 m since FY2020, across 15 lenders, median approval $177,500, plus 18 504 approvals worth $9.2 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Princeton in the National Flood Insurance Program?
Yes. Princeton appears in the FEMA Community Status Book as Princeton, city of, community 270292, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Princeton figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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