Princes Hill at a glance
Median house
$1,800,000
Median unit
$411,840
Walk score
100
Walker's paradise
Population
2,005
Median age 39
The brief
What to know about Princes Hill.
The postcode for Princes Hill is 3054 (VIC), part of Greater Melbourne.
The median house price in Princes Hill is $1,800,000.
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.
Side by side
Compare Princes Hill with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
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 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 10 government primary, 5 government secondary, 2 Catholic, 2 independent.
Who lives here
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).
Population
2,005
Median age
39
Family households
57%
Lone person
33%
Demographics data as of May 2026· ABS 2021 Census
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.
Market
The price of a home here.
Median house price
$1,800,000
+0.0% over the past year. Median unit price $411,840.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$541/wk
Weekly rent (unit)
$462/wk
Owner occupied
53%
Renter occupied
42%
At a deeper level
$1,800,000
$411,840
2,005
Median age: 39
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For investors
Investment overview.
Gross rental yield on houses sits at 1.56% (median rent $541/wk against a $1,800,000 price tag). Units yield 5.83% gross, often the better cash-flow play for first-time investors. With 42% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20261.56%
Based on $1,800,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.83%
Based on $411,840 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202653%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
213
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
60
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Princes Hill.
Local schools for Princes Hill
View the catchment for each school to find out more.
Government School Catchment
Princes Hill Secondary College
Princes Hill Primary School
Brunswick South Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
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. The median unit price is $411,840.
- 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 of Melbourne, in VIC 3054. It is part of the Greater Melbourne area, in the City of Moreland region.
- What is the average rent in Princes Hill?
- The median weekly rent for houses is $541, for units it's $462.
- 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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Side by side
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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