Commercial Real Estate Market in Princeville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 31 off-market properties in Princeville, NC.
Market Trends
Princeville, NC spans 191.5 square miles in Edgecombe County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeville, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Princeville, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Princeville, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Princeville, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 89.6%
- Industrial 5.7%
- Commercial 2%
- Mixed use 1.6%
- Civic 1.2%
Largest Zones share of zoned land by district
Residential 1
Industrial
Commercial
Mixed Use
Historic Princeville Downtown Core
Princeville, NC zones 3,372 acres across 7 districts. Commercial zoning covers 2% of zoned land, residential 89.6% and industrial 5.7%. The largest single district is Residential 1 at 87.9%. For commercial buyers the practical constraint is that only 7.7% of land carries a commercial or industrial designation.
Residential 1 (R1)
The intent of the R-1 district is to provide for residential use while discouraging uses that would create nuisances or be detrimental to the quiet nature of the district.
Market overview
Demographics & Economy
Princeville, NC has 18,776 residents in 8,916 households. Density runs 98 people per square mile. Median household income here is $51,180 and median gross rent $751 a month.
18,776
Population
8,916
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
86%
High-School Grad
191.5 sq mi
ZIP Area
98
Density / Sq Mi
$51,180
Median Household Income
$38,019
Median Earnings
$751
Median Rent
$121,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tarboro | — | — |
| Conetoe | — | — |
| Old Sparta | — | — |
| Drake | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Princeville?
Princeville, NC zones 3,372 acres across 7 districts, of which 2% is commercial and 5.7% industrial. The largest single district is Residential 1 at 87.9% of zoned land. The intent of the R-1 district is to provide for residential use while discouraging uses that would create nuisances or be detrimental to the quiet nature of the district. Residential zoning covers 89.6% and open space 0%.
Where does Realmo's Princeville market data come from?
Realmo compiles Princeville, NC figures from 3 recent recorded sales, 4 active sale listings, 31 tracked off-market properties, the current Princeville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Princeville, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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: 3,372 zoned acres across 7 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 August 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 August 2026 · report a data issue
