What Can I Get for $300K in Princeton, MN?

Zillow puts the typical home value in Princeton, MN at $381,900 as of the end of July 2026, up about 2.6% over the past year. That number is a market-wide estimate, not a valuation of any single house, but it gives you a baseline: in this town, $300,000 is priced below the middle of the market, not at it.

Here's what that actually looks like on the ground, using a home that's on the market in Princeton right now.

A Real Example: 1401 3rd Street S

This is a 3-bedroom, 2-bathroom home listed at $300,000, built in 2002, with 1,601 total finished square feet across a four-level split layout.

Here's how the space breaks down:

• Main level: living room, and a combined kitchen/dining area
• Upper level: two bedrooms, including the primary suite, which has a walk-in closet that's noticeably larger than what you typically find in this price range
• Lower level: a third bedroom, a family room, and a 3/4 bathroom
• Basement: partially finished, bedroom with egress windows

Outside, the lot is a third of an acre (0.403 acres) on a corner, with an irregular shape that leaves room to actually use the yard, whether that's a garden, a fire pit, or just more space between you and the neighbors. There's an attached two-car garage, asphalt driveway, and a roof that's 8 years old. The exterior is a mix of brick and vinyl.

City water and city sewer are both connected, so this isn't a well-and-septic situation to budget around.

How Far Is Princeton, MN From Minneapolis?

Princeton sits about 50 miles north of Minneapolis and roughly 30 miles east of St. Cloud, at the point where the Rum River meets its West Branch. Highway 169 runs through town, which keeps the drive south toward the metro straightforward without a lot of back-road detours.

What's the Median Home Price in Princeton, MN in 2026?

According to Zillow's home value estimate, the typical home in Princeton is valued around $381,900, with a median list price closer to $410,930. Both of those are automated estimates built from broad market data, not appraisals, so they'll move around based on the specific street, lot, and condition of an individual home. But directionally, they tell you that a well-kept, move-in-ready home at $300,000 is priced under what the town is averaging right now, not at a premium to it.

If you want an apples-to-apples comparison for a specific address, that's a five-minute conversation, not a guessing game with online estimates.

Local Schools and the Neighborhood

This home is in the Meadow View Estates Fifth Addition neighborhood and falls within Princeton Public Schools, District.

It's a short distance from Mark Park, which has baseball and softball fields, basketball courts, a playground, a splash park that runs summers, and a paved walking trail. If you're comparing towns based on what's within a five-minute drive, that's a meaningful data point on its own, separate from anything specific to this house.

Quick Answers

What can $300,000 buy in Princeton, MN? Based on the current market, $300,000 buys a below-median-priced home. As one real example: a 3-bed, 2-bath, 1,601-square-foot home on a third-acre corner lot with a two-car garage.

Is Princeton, MN a small town? Yes. The population is estimated at just over 5,300 residents, small enough that a five-minute drive covers most of what's in town.

Does this home have city water and sewer? Yes, both are connected.

Is financing available for a home at this price point? The seller is accepting cash, conventional, FHA, USDA, and VA loans.

See It in Person

Square footage on a page can't tell you how a four-level layout actually feels to move through, whether the corner lot gets more light than a standard lot, or what the street sounds like on a weekday afternoon. That's the part that only shows up in person.

Schedule a private showing of 1401 3rd Street S. Call or text Erica Carlson at 612-382-1304. Walk all four levels, see the lot firsthand, and get straight answers on condition, including the window replacement already scheduled before closing.

Erica Carlson & Scott Carlson, BRIX Real Estate

Measurements are considered reliable but not guaranteed and should be independently verified. Equal Housing Opportunity.