Princeton, TX 75407 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Princeton, TX—75407

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$300,000

7.5% YoY Growth

Household Income

$92,100

51.5% YoY Growth

Days on Market

24.0% Longer YoY

Home Price Forecast

-0.9%

Median Rent

$2,050

1.4% YoY Growth

1-Bed Rent

$1,360

6.8% YoY Growth

2-Bed Rent

$1,760

2.7% YoY Growth

3-Bed Rent

$1,900

2.0% YoY Growth

Home Price Trends — Princeton, TX

As of Dec '25, the median home price in Princeton, TX is $300,000, with a year-over-year change of -7.5%. This indicates that home prices in Princeton, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$300,000	-7.5%
Single Family	$300,000	-8.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Princeton, TX

As of July '25, Rentcast reports the average rent in Princeton, TX is $2,080, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Princeton, TX is 1-bedrooms: $1,260, 2-bedrooms: $1,880, 3-bedrooms: $1,940, 4-bedrooms: $2,180. The most common rental property sizes in Princeton, TX are 3-bedroom and 4-bedroom, accounting for 32.1% and 26.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,050	$2,080
Studio Rent	N/A	N/A
1 Bed Rent	$1,360	$1,260
2 Bed Rent	$1,760	$1,880
3 Bed Rent	$1,900	$1,940
4 Bed Rent	$2,150	$2,180

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% of Rental Stock

Studio

17.6%

1 Bedroom

8.0%

2 Bedrooms

12.9%

3 Bedrooms

32.1%

4 Bedrooms

26.3%

5+ Bedrooms

3.1%

Property Listings — Princeton, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Princeton, TX is 73. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$315,000	-9.0%
Listing Count	464	10.0%
Listings as % of Homes	2.8%	10.0%
Days on Market	87	24.0%

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Demographics — Princeton, TX

As of the latest ACS Survey released in 2023, Princeton, TX has a population of 28,900, which has increased by 74.5% over the past 5 years. Princeton, TX is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,900	74.5%
% Under 18	28.6%	-3.7%
% Seniors	8.7%	-18.7%
% WFH	11.7%	143.8%
% w/ College Degree	24.8%	30.5%

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As of the latest ACS Survey released in 2023, Princeton, TX is a predominantly white area, with 47.0% of the population identifying as white. The white population has shrunk by 24.2% in the last 5 years. The second most common race or ethnicity in Princeton, TX is hispanic, making up 29.6% of the population. Foreign-born residents account for 15.4% of the population in Princeton, TX, and this percentage has increased by 14.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	47.0%	-24.2%
% Black	17.6%	137.8%
% Hispanic	29.6%	5.0%
% Asian	3.8%	192.3%
% Foreign Born	15.4%	14.1%

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Mortgage and Risk — Princeton, TX

According to HUD data as of 2023, there were 2521 mortgage originations in Princeton, TX, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 63.0% above 90% LTV (very high). This implies large mortgage risk in Princeton, TX. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	2,521
% Conventional Loans	54.0%
% Government Loans	46.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	3.0%

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Rentals and Section 8 — Princeton, TX

As of 2024, the percent of homes in Princeton, TX under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Princeton, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	138
Total Units Section 8	137
% Rentals under Section 8	3.9%
% Occupied Section 8	71.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$460	$1,360	$1,820
2 Bedroom	$370	$1,760	$2,130
3 Bedroom	$770	$1,900	$2,670
4 Bedroom	$1,280	$2,150	$3,430

Princeton, TX—75407

Key Metrics at a Glance

Home Price Trends — Princeton, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeton, TX

% of Rental Stock

Property Listings — Princeton, TX

Demographics — Princeton, TX

Race and Ethnicity

Mortgage and Risk — Princeton, TX

Mortgages

Rentals and Section 8 — Princeton, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeton, TX

Home Price to Income Ratio

Princeton, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McKinney, TX

Allen, TX

Nevada, TX

Lavon, TX

Farmersville, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$300,000
Median Household Income	$92,100

Princeton, TX—75407

Key Metrics at a Glance

Home Price Trends — Princeton, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Princeton, TX

% of Rental Stock

Property Listings — Princeton, TX

Demographics — Princeton, TX

Race and Ethnicity

Mortgage and Risk — Princeton, TX

Mortgages

Rentals and Section 8 — Princeton, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Princeton, TX

Home Price to Income Ratio

Princeton, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McKinney, TX

Allen, TX

Nevada, TX

Lavon, TX

Farmersville, TX

Frequently Asked Questions

What is the average home price in Princeton, TX 75407?

How have home prices in Princeton, TX 75407 changed over the past year?

What is the home price projection for Princeton, TX 75407?

What are the demographics of Princeton, TX 75407?

How long does it take homes to sell in Princeton, TX 75407?

What is the average rent price in Princeton, TX 75407?