Princeton Lakes Rentals & Homes for Sale

 

Traditional single family homes with spacious, well-maintained yards are common types of property found in Princeton Lakes. This neighborhood is family-friendly and it costs slightly less than the national average to purchase a home here. The median value of homes for sale in Princeton Lakes is around $137,375 versus the national average of $184,700. While many homes with basement levels may sell for around $500k, traditional four-bedroom houses are available for around $450k or less depending on the appliances, upgrades and overall square footage of the home. Additionally, around 45 percent of homes are owned, while 55 percent are rented. The median price of rent in Princeton Lakes is around $1,043, slightly higher than the national median of $949.

Princeton Lakes Rentals & Homes For Sale
Princeton Lakes is the 79th-most Diverse Neighborhood in the Atlanta Area

Vacant real estate in Princeton Lakes is generally not easy to find, as there is very little turnover in this family-oriented urban neighborhood. For instance, vacancy rates are only around 10.7 percent throughout the neighborhoods of Princeton Lakes, Ben Hill, Tampa Park and Mellwood. Generally, the properties found in these stable neighborhoods are occupied by empty-nesters or families with school-aged children. Of the 8,787 residents who live in Princeton Lakes, however, around:

  • 24 percent are between 25 and 34 years of age.
  • 16 percent are between 35 and 44 years of age.
  • 12 percent are between 10 and 17 years of age.
  • 11 percent are between 45 and 54 years of age.
  • 11 percent are 65 years of age or older.
  • 10 percent are 10 years of age or younger.
  • 9 percent are between 55 and 64 years of age.

For those who buy or rent real estate in Princeton Lakes, local top-rated schools include the following:

  • Atlanta Neighborhood Charter School, Middle Campus
  • Atlanta Neighborhood Charter School, Elementary Campus
  • The Main Street Lower Academy
  • Armana Academy School
  • Charles R. Drew Charter School
  • KIPP South Fulton Academy School
  • KIPP Atlanta Collegiate
  • Mount Bethel Elementary

 

Families that reside in Princeton Lakes homes have access to all of the above options and should note that they are all ranked as A or B schools.

Within the perimeter of Princeton Lakes, instances of violent and property crimes are lower than that of the national average. For instance, around 73 assaults and 86 robberies are recorded each year, compared to the national average of 283 assaults and 86 robberies. While the rates of property crimes are slightly higher than that of the national average, this is common in most city environments and can be avoided by taking proper safety measures.

Compared to other parts of Georgia, Princeton Lakes is the 79th-most diverse neighborhood in the Atlanta area. 90 percent of residents are African American, four percent are Hispanic, three percent are white, two percent are American Indian or Alaskan Natives and one percent are Asian. Of those who own or rent homes in the area, around 59 percent are female and 41 percent are male.

The median household income for the residents of Princeton Lakes is $50,726, slightly lower than the national median of $55,322. The distribution of earnings in the area is as follows:

  • 34 percent of households earn between $45k and $74k per year.
  • 22 percent receive a salary of between $75k and $149k.
  • 21 percent of households earn between $25k and $44k per year.
  • 17 percent earn less than $25k.
  • Only around seven percent earn more than $150k.

 

As for public transportation, the Metropolitan Atlanta Rapid Transit Authority (MARTA) is somewhat accessible in the neighborhood of Princeton Lakes. Around three bus lanes pass through the vicinity and nearby stations include the Hamilton E. Holmes Transit and College Park Transit. Compared to other neighborhoods in Georgia, however, the vicinity has a transit score of only 38 and a walk score of 30 out of 100. Its biking score is just 26, as limited bike infrastructure is available to residents. Individuals who rent and own homes in the area must usually have their own vehicles to get around or use ride share services.

While Princeton Lakes is just outside of the beltline, the neighborhood is within close proximity to Langford Park and the historic West End Trail. Other local attractions include the Merchant’s Walk shopping center, which features retailers such as:

  • Whole Foods Market
  • Kohl’s
  • Old Navy
  • Ulta Beauty
  • OfficeMax
  • PetSmart
  • Stein Mart
  • Road Runner Sports
  • Betsy’s Hallmark

Merchant’s Walk also includes a Seed Kitchen & Bar, Marlow’s Tavern, Nuvo Salon, Lush Nail Bar, Mirko Pasta and more. Additionally, the Johnson Ferry Unit of the Chattahoochee National Recreation Area provides visitors with 2.5 miles of nature trails, a boat launch and a covered pavilion for sitting outside or enjoying a picnic lunch. Whether you like the outdoors or a day at the mall, Princeton Lakes has plenty of entertainment options for everyone.

Other possible activities for those who own or rent homes in Princeton Lakes may include:

  • Seeing a new movie at AMC Camp Creek 14.
  • Shopping for fresh produce at the Atlanta State Farmers Market.
  • Browsing for culturally-significant books at the African American-owned Medu Bookstore.
  • Dining out at No Mas Cantina, Arize Breakfast Café, Longhorn Steakhouse or Club Ellery’s.
  • Stopping for dessert at Sammy Cheezecake or Bruster’s Real Ice Cream.

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