Commercial Real Estate Market in Princeton, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
6 active listings and 180 off-market properties in Princeton, NC.
Market Trends
Princeton, NC spans 80.0 square miles in Johnston County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Princeton, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Princeton, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Princeton, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Princeton, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 77.6%
- Commercial 10.8%
- Industrial 8.6%
- Civic 2.5%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Princeton, NC zones 3,645 acres across 10 districts. Commercial zoning covers 10.8% of zoned land, residential 77.6% and industrial 8.6%. The largest single district is Rural Residential District at 48.7%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
Section 8.1 R1, Rural Residential District 8.1.1 Purpose: This district is intended to provide appropriate locations for low-density single- family residential development, agricultural activities, and complementary land use activities that will preserve the rural character of outlying areas; create a healthy living environment for residents of the district;…
Market overview
Demographics & Economy
Princeton, NC has 8,854 residents in 3,559 households. Density runs 111 people per square mile. Median household income here is $73,507 and median gross rent $967 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Selma | $172 | $15.99 |
| Fremont | $156 | — |
| Smithfield | $125 | $18.00 |
| Goldsboro | $206 | $20.04 |
Commercial property in Princeton, NC asks $127/SF. The 4 bordering markets run from $125/SF in Smithfield to $206/SF in Goldsboro, and the city sits below their $164/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Princeton?
How does Princeton compare to nearby markets on price?
What zoning applies to commercial property in Princeton?
Where does Realmo's Princeton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 3 active for-lease listings in Princeton, NC. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,645 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
