Photo: GerthMichael · CC BY-SA 3.0Princeton sits 52% below British Columbia’s towns on home values
Owners valued the median home at $348,000 in 2021, where the median of British Columbia’s towns was $720,000. The median sale in 2023 was $476,000, across 65 buyers. The 2024 property assessment puts the median residential property at $373,000.
What Princeton’s homes are worth, three ways
Every figure here is compared within the province, against British Columbia’s towns, since each province assesses on its own terms. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales.
median, owners’ estimate
- Average
- $343K
- Owners
- 1,020
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $470K
- ÷ buyers’ income
- 3.4×
- Buyers
- 65
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Princeton’s houses sit 44% below British Columbia’s towns
Assessors listed 1,195 residential properties in Princeton for 2024, 82% of them detached houses and 2% condos.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
An older stock than most: 26% of Princeton’s homes go back before 1961 (British Columbia’s towns: 11%)
Of the 1,375 homes people lived in across Princeton at the 2021 census, 66% were single-detached houses.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Princeton | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 4% | 10% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 6% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Princeton permitted 13.5 new homes a year per 1,000, below the 18.1 of British Columbia’s towns
Building permits added 101 homes in Princeton between 2018 and 2023: some 17 a year. About 36% went into single-unit buildings, where British Columbia’s towns built 27%.
The busiest year: 2021, with 28 new homes
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Princeton against British Columbia’s towns: 52% under the $720,000 median
The census values of British Columbia’s towns, 254 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Princeton: Electoral Area G, Okanagan-Similkameen
Next to Princeton: 2021 census values and the share of owners. The nearest places to Princeton with figures are 20–65 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Princeton | $348K | $343K | 75% | |
| Electoral Area H, Okanagan-Similkameen | $500K | $582K | 89% | 20.5 |
| Electoral Area G, Okanagan-Similkameen | $250K | $311K | 85% | 47.8 |
| Keremeos | $376K | $364K | 78% | 57.8 |
| Summerland | $650K | $714K | 82% | 63.2 |
| Electoral Area F, Okanagan-Similkameen | $850K | $962K | 94% | 64.9 |
Census 2021 values; km.
Questions about property prices in Princeton
Is Princeton expensive for British Columbia?
On census values, Princeton sits among the cheaper of British Columbia’s towns (median $720,000).
How many households in Princeton are in core housing need?
6% of Princeton’s households, under the 10% of British Columbia’s towns, live in a home that is unaffordable, crowded or in poor repair and can’t afford a better one nearby.
What is the average house price in Princeton?
An average of $470,000 in 2023, with the median sale at 3.4 times the buyer’s income.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).