Princeton, WV Rent To Own Homes

Rent-to-Own Homes in Princeton, WV: What You Need to Know

Princeton, West Virginia takes the name of the historic New Jersey city because a local physician, soldier, and Scottish immigrant, Hugh Mercer, was killed there during the Revolutionary War. In fact, Princeton serves as the county seat of Mercer County, WV. Established in 1838, Princeton benefited not only from rich coal reserves but also the arrival of the Virginian Railway at the dawn of the 20th century. A textile manufacturing concern arrived in 1941 and, in 1954, and the new West Virginia Turnpike gave Princeton a strategic commercial advantage in the Mountain State. Princeton remains rich with Civil War landmarks and agricultural land.

Weather and Climate

Princeton, WV receives about 38 inches of rain every year, slightly higher than the average for the United States. Snow, too, exceeds the national average, hovering around 30 inches annually. Weather watchers observe that this community enjoys around 155 sunny days each year. Princeton does see all four seasons in relative moderation, however, with summer highs often reaching 81ºF in July and winter lows dropping to 22ºF in the cold of January.

How Many People Live in Princeton, WV?

With slightly under 6,000 residents, Princeton boasts a population density of 1,980 per square mile. Averaging the number of persons in a household yields a result of 2.2 whereas the household average in the USA is 2.6. Breaking down households demographically, 43% are married couples, almost 30% are married with children, 17% have at least one divorce and a little over 17% are single or unmarried parents with children. Caucasians make up over 85% of the resident population, while African-Americans comprise 6.6%. Meanwhile, Latinos account for 3.8% and Asians come in at .4%.

What is the Cost of Living in Princeton, WV?

When measured against the entire United States, Princeton, WV has a cost of living about three-quarters of the national average. A one-bedroom apartment rents for just about $500. For owners, the median price of a house in Princeton is $81,000; for the U.S., it is $281,200. Although health care costs residents more than the nationwide average estimate, housing, transportation, utilities, and groceries are cheaper in Princeton. Exchange premiums under the Affordable Care Act drive up medical expenses higher than in other parts of the country. That is offset by other low-price necessities.

Schools in Princeton, WV

Of the 14 schools located in Princeton, WV, 13 are public. These are estimated to spend $11,269 on each student. Instruction spending per pupil is $6,325. The student/teacher ratio is 14 to 1, 834 to one librarian, and 403 to one guidance counselor. A private church-related school is also in Princeton, serving about 211 students. Princeton Senior High School ranks 8,179 nationally and at number 41 in West Virginia. In terms of graduates, 87% graduate on time. At the same time, the high school does not rank very well for college readiness.