Princeton, TX—75407
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Princeton, TX
As of Oct '25, the median home price in Princeton, TX is $305,000, with a year-over-year change of -7.1%. This indicates that home prices in Princeton, TX are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | -7.1% |
| Single Family | $305,000 | -7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | -7.1% |
3 Bed | $279,000 | -7.9% |
4 Bed | $322,000 | -7.5% |
| 5 Bed | $385,000 | -6.6% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Princeton, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Princeton, TX is 64. This is a increase of 10.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | -8.0% |
Listing Count | 576 | 38.0% |
| Listings as % of Homes | 2.8% | 38.0% |
Days on Market | 64 | 10.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Princeton, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $305,000 |
| Median Household Income | $92,100 |