Princeton Homes under $200,000

Welcome to Princeton, Missouri, a charming small town nestled in the heart of Mercer County. Known for its friendly community and picturesque landscapes, Princeton offers a delightful blend of rural charm and modern conveniences. With a rich history and a strong sense of community, this town is the perfect place for those looking to settle down in a peaceful environment while still enjoying access to essential amenities.

Princeton boasts a variety of recreational activities, including beautiful parks and local events that bring residents together. The town's welcoming atmosphere makes it an ideal place for families, retirees, and anyone looking to enjoy a slower pace of life. The local schools are highly regarded, and the community spirit is palpable, making it a wonderful place to raise children or enjoy a fulfilling retirement.

For homebuyers on a budget, Princeton has an enticing selection of homes priced under $200,000. Whether you're searching for a cozy cottage, a charming bungalow, or a spacious family home, you’ll find a range of options that cater to various tastes and needs. These affordable homes provide an excellent opportunity for first-time buyers or those looking to invest in a second property.

With its affordable real estate options, friendly community, and beautiful surroundings, Princeton, MO is a hidden gem waiting to be discovered. Come explore what this delightful town has to offer and find your dream home today!

Newest Princeton Homes under $200,000

$49,900

1 Beds ⋅ 1 Baths

Small in size but big on charm, this beautifully updated home is ready for its next owner! Offering 1 bedroom, 1 bathroom, and 532 square feet of thoughtfully used living space, this home is truly move-in ready and needs nothing. Inside, you’ll find beautiful hardwood floors, fresh paint, new carpet, and many updates throughout. The cozy, efficient layout makes great use of every square foot, while the partial basement provides additional storage and utility space. Appliances are included, making the move even easier. Outside, the large lot offers plenty of room to enjoy the outdoors, plant a garden, entertain, or even expand in the future. Tucked into a nice, quiet neighborhood, this property offers a peaceful setting and easy, low-maintenance living. Whether you’re looking for your first home, ready to downsize, or searching for an investment property, this charming home is ready to go. Efficient, updated, and move-in ready—come see just how much this little gem has to offer!

311 N Broadway Street, Princeton

Listing courtesy of Marcie Davis of Fitz Osborn Real Estate LLC.

$190,000

Step into a unique investment opportunity located within the Princeton city limits, just off the historic town square. This versatile property offers approximately 5,500 total square feet and blends residential income potential with commercial possibilities. Built in 1890, the building showcases classic character while providing functional space for modern use. The property features two apartment units—one spacious two-bedroom and one comfortable one-bedroom—making it ideal for rental income or owner-occupancy. One of the apartments is currently occupied by tenants, offering immediate income potential. In addition to the residential units, the property includes a separate business space, perfect for retail, office use, or future development. A large storage room adds valuable flexibility for inventory, equipment, or expansion needs. With its prime location just steps from the square, this property benefits from high visibility and convenient access to local shops, dining, and community events. Whether you’re an investor looking to expand your portfolio or an entrepreneur seeking a live/work opportunity, this historic Princeton property delivers both charm and potential.

601 Water Street, Princeton

Listing courtesy of Seth Davis of Fitz Osborn Real Estate LLC.

$164,900

3 Beds ⋅ 1 Baths

Welcome home to this charming 3-bedroom, 1-bath home that's ready for you to move right in! This well-maintained property offers comfortable living with the convenience of all appliances included, making your move simple and stress-free. Enjoy the benefits of newer windows that provide improved energy efficiency and natural light throughout the home. The attached one-car garage offers convenient parking and additional storage space. Whether you're a first-time homebuyer, looking to downsize, or searching for a great investment opportunity, this move-in ready home is one you won't want to miss. Schedule your showing today and discover everything this inviting home has to offer!

709 Milton Street, Princeton

Listing courtesy of Seth Davis of Fitz Osborn Real Estate LLC.

$67,000

1 Beds ⋅ 1 Baths

Lake living at an affordable price. Located on lot 44, subdivision 10, Lake Marie subdivision, this lake home is ready to be enjoyed. Built in 2021, this home is 14x36 and has a sleeping loft, bathroom, kitchen area, and living room area. The covered front porch is perfect to enjoy the summer evenings in the shade. Affordable lake property like this is hard to find. The adjoining tiny home is also available for sale.

310 Huron Lane, Princeton

Listing courtesy of Donald Wilburn of Century 21 Team Elite.

$67,000

2 Beds ⋅ 1 Baths

Lake living at an affordable price. Located on lots 28 and 29, subdivision 10, Lake Marie subdivision, this property is ready for a new owner. Tiny home located at Lake Marie that sits on 2 lots that also include 2 storage buildings. This home was built in 2022 and is 15x50 in size. This home also has its own septic system installed in 2021. The home has been wired and sheet rocked but needs to be finished out and painted. Sub flooring is ready to install the flooring of your choice. The adjoining tiny home is also available for sale

314 Huron Lane, Princeton

Listing courtesy of Donald Wilburn of Century 21 Team Elite.

$87,500

3 Beds ⋅ 1.5 Baths

Nice 1.5 story 3 bed 1.5 bath home in a nice neighborhood. This affordable home is cozy and has plenty of space for the whole family. Located on the main level is the main bedroom with attached half bath, second bedroom, kitchen, living room, and full bathroom. The additional bedroom as well as another smaller room; perfect for an office or additional storage, are located on the second story. There have been recent updates to the roof and heating system. The large yard and covered front porch add to the charm this home has. Don't miss out on this quiet small town living opportunity at an affordable price.

307 N College Avenue, Princeton

Listing courtesy of Marcie Davis of Fitz Osborn Real Estate LLC.

$65,000

3 Beds ⋅ 2 Baths

Investment opportunity in Princeton! This unique 1.5-story home offers flexible living space with the potential for multi-generational living or rental income. Currently set up as two separate living areas, the main floor features a kitchen, living room, bathroom, and 2 bedrooms. Upstairs includes an additional kitchen, bathroom, and 2 bedrooms, with the upstairs kitchen easily converted back into a bedroom if desired. Whether you’re looking to live in one space and rent the other or simply enjoy the extra room, this property offers plenty of possibilities. The home also features a durable metal roof, low-maintenance aluminum siding, and a spacious wraparound deck that is perfect for relaxing with your morning coffee.

606 Brown Street, Princeton

Listing courtesy of Donald Wilburn of Century 21 Team Elite.

$199,900

3 Beds ⋅ 1.5 Baths

Private waterfront lake home with charm! If you have been searching for a lake getaway home with plenty of space for the whole family, here it is! Nicely nestled in a no-wake zone, this property boasts 3 bedrooms, 1.5 bathrooms, and a large open family/kitchen/dining space. Many recent updates have been done, including the addition of the detached garage/shop; complete with 200 AMP service and concrete floor. The large, covered porch gives breathtaking lake views. The private dock was new a few years ago and has a manual boat lift. These waterfront properties do not come up often, don't miss out on your chance to own this beautiful place.

181 Lake Marie Drive, Princeton

Listing courtesy of Marcie Davis of Fitz Osborn Real Estate LLC.

$125,000

4 Beds ⋅ 2.5 Baths

Very nice home located in Princeton provides over 3,600 square feet of finished living space. This home has 4 bedrooms and 2 ½ bathrooms. The formal dining room is large and located off the large kitchen. The main floor also features a living room, family room, half bath, and office or 5th bedroom, if needed. Upstairs you will find 4 bedrooms, a full bathroom, and a bonus room located off a bedroom. The finished basement has a large recreation room that would make a great place for a pool table and has a separate gas stove to heat that area. There is a full bathroom and laundry room as well as an additional kitchen and family room. Downstairs could be rented out if you don’t need the extra space. Sliding doors from the kitchen lead to a 2-level deck on the back. The front porch facing the street is in great shape. With off-street parking in the rear as well as a small storage building, this home is ready to move into.

900 E Main Street, Princeton

Listing courtesy of Donald Wilburn of Century 21 Team Elite.

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