Princes Hill, VIC 3054
City of MorelandAll suburbs in postcode 3054
Updated
Median house price
$1,800,000
Median · Land Victoria · the latest published quarter (updated May 2026)
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Princes Hill at a glance
- Median unit
- $411,840
- Population
- 2,005
- Median age 39
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Population: 2021 Census
House prices in Princes Hill
Houses change hands at $1,800,000 on a typical sale, well above the Victoria median. Units come in around $411,840, roughly 77% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $360,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
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What to know about Princes Hill
Princes Hill (3054) sits in the Moreland region of Victoria. The median house here is $1,800,000, well above the Victoria median of around $850K.
Princes Hill has roughly 2,005 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Princes Hill scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 582 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 10 government primary, 5 government secondary, 2 Catholic, 2 independent.
Schools in Princes Hill
Schools serving Princes Hill: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 100/100
- Transit
- 60/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Princes Hill's population at 2,005, with a median age of 39. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (53% own, 42% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix is balanced (57% family, 33% lone person).
- Family households
- 57%
- Lone person
- 33%
- Owner occupied
- 53%
- Renter occupied
- 42%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Crime and safety
217 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 582 mm
- Hottest month, avg max
- 26.9°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Princes Hill
- What is the median house price in Princes Hill?
- The median house price in Princes Hill, VIC 3054 is $1,800,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $411,840.
- How much is my house worth in Princes Hill?
- A useful starting point is the Princes Hill median house price of $1,800,000 (units $411,840). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- What is the Princes Hill postcode?
- Princes Hill is in the 3054 postcode, in VIC, in the City of Moreland region.
- Where is Princes Hill?
- Princes Hill is a suburb in the City of Moreland area, VIC 3054.
- What schools are in Princes Hill?
- There are 20 schools serving Princes Hill on this page, including Princes Hill Secondary College, Princes Hill Primary School, Brunswick South Primary School.
- How walkable is Princes Hill?
- Princes Hill has a Walk Score of 100 out of 100, very walkable. transit score 60, bike score 100.
- What suburbs are near Princes Hill?
- Princes Hill is close to Carlton North, Lygon Street North, Fitzroy North, Carlton, Parkville.
- What is the population of Princes Hill?
- The population of Princes Hill is approximately 2,005 (2021 Census). The median age is 39.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.