The town is notable as the location of the University of Maryland Eastern Shore.
In the mid-18th century, Princess Anne gained considerable importance as a market center because of the river trade. This was later augmented by the southward extension of the railroad on Maryland's Eastern Shore. At that time, the Manokin River was navigable as far as the bridge at Princess Anne.
Much of the town's architectural heritage from those days has been preserved. About 150 acres (0.6 km²) of the old town, containing about 300 structures, is entered on the National Register of Historic Places.
There were 992 households out of which 26.4% had children under the age of 18 living with them, 25.4% were married couples living together, 21.3% had a female householder with no husband present, and 49.7% were non-families. 38.4% of all households were made up of individuals and 12.1% had someone living alone who was 65 years of age or older. The average household size was 2.31 and the average family size was 3.14.
In the town the population was spread out with 26.2% under the age of 18, 20.2% from 18 to 24, 25.7% from 25 to 44, 17.0% from 45 to 64, and 10.9% who were 65 years of age or older. The median age was 28 years. For every 100 females there were 84.7 males. For every 100 females age 18 and over, there were 77.7 males.
The median income for a household in the town was $20,066, and the median income for a family was $26,351. Males had a median income of $19,492 versus $22,857 for females. The per capita income for the town was $10,944. About 30.1% of families and 39.8% of the population were below the poverty line, including 53.8% of those under age 18 and 21.0% of those age 65 or over.
Virginia's CENIT Bancorp Woos Customers at Former Princess Anne Bank.(Originated from The Virginian-Pilot, Norfolk, Va.)
Nov 21, 1995; Nov. 20--They were the sorts of glitches that surface in the wake of most b ank mergers. Some customers' checks had been credited...