Multi-builderFrom ~$310K–$352K
Princeton, TX 75407 · Collin County · Princeton ISD
Princeton, TX Homes for Sale & New Construction
Princeton is one of the fastest-growing cities in Collin County, with new-construction homes in the $200Ks and $300Ks along US 380. Prices are down from last year, homes are taking longer to sell, and buyers have room to negotiate.
$280,129Median sale priceDown 6.6% YoY, Aug 2026 (ZIP 75407)
43,524ResidentsCensus estimate, 2025
54 daysDays on marketAbout 97.5% of list price
1.91%Tax rateCity + Princeton ISD + county + college, 2026
Sources: Redfin (ZIP 75407, Aug 2026), Census, City of Princeton, Princeton ISD. Market data changes monthly.
Live MLS listings · updated daily
Princeton homes for sale right now
Every active Princeton listing from the MLS. Narrow by price, jump to new construction or a neighborhood, or open the full search for beds, baths, pools, and more.
All Princeton homes
New construction
Under $200K
$200K–$350K
$350K–$550K
Luxury $550K+
Whitewing Trails
Bridgewater
Southridge
Windmore
Listing data from NTREIS via IDX Broker. Ask PJ about coming-soon and off-market homes in Princeton. Mailing addresses do not always match city limits, so PJ confirms city, school district, and tax rate on any home.
Free Princeton buyer consultation
Real clients, real closings800+ Collin County buyers helped.
Find the right Princeton home and the right loan
Princeton has a lot of choice right now, and costs vary widely by subdivision. A short consultation compares communities, monthly costs including PIDs, and loan options side by side before you visit a model home.
- Subdivision shortlist based on budget, commute, and school zoning
- True monthly cost including tax rate, PID or MUD, and HOA
- Loan comparison builder lender vs. 280+ wholesale lenders
- Incentive strategy for new builds, price cuts, and buydowns
- Resale check on nearby homes that are 2–5 years old
Princeton, Texas real estate
Why buyers choose Princeton, TX
Princeton is a Collin County city of about 43,500 people on US 380, roughly 10 miles east of McKinney and 40 miles northeast of Downtown Dallas. It sits just north of Lake Lavon. Most of its housing has been built in the last decade.
Princeton grew from 17,027 residents in 2020 to an estimated 43,524 in 2025. Most of that growth came from new subdivisions by national builders such as Lennar, Meritage, Pulte, Centex, and KB Home. The city still has a small-town core, and most of its tax base is residential.
The median household income is $105,200, and about 76% of homes are owner-occupied. Princeton ISD has grown from 3,875 students in 2015 to more than 12,300 in 2026. For buyers, that means newer homes and schools, along with growth-driven construction and traffic.
43,524Residents, up from 17,027 in 2020
43,524Residents, 2025 Census estimate
$105,200Median household income
12,338Princeton ISD students, Aug 2026
32.2 minAverage commute to work
Location
Princeton sits on US 380 in eastern Collin County, between McKinney to the west and Farmersville to the east. Lake Lavon borders the south side. US 75 in McKinney is the main route to Allen, Plano, and Dallas.
Jobs
Most residents commute west to McKinney, Allen, Plano, and Frisco. Princeton ISD is one of the largest local employers. City leaders have said the city needs more commercial development to balance its residential tax base.
What's next
A bond-funded recreation center, estimated at $75 million with indoor aquatics, is planned off Myrick Lane. Princeton ISD has two elementary schools under construction. Collin County voters decide a $475 million road bond on Nov. 3, 2026.
New construction
More house for the money, east of McKinney
Builders in Princeton list base prices from the low $200Ks to about $400K. Many communities have PID assessments, so compare the full monthly payment, not just the price.
Builder incentives4-bedroom normPID checksUS 380 access
Princeton housing market · fall 2026
Is now a good time to buy a home in Princeton?
Buyers have leverage in Princeton right now. The August 2026 median sale price in ZIP 75407 was $280,129, down 6.6% from a year earlier. Homes took 54 days to sell, compared with 41 days last year. Only 7% sold above list, and 45% had price cuts. Builders are competing with resale inventory, so incentives and rate buydowns are common.
$280,129Median sale price, Aug 2026 (down 6.6% YoY)
54 daysMedian days on market (41 a year ago)
97.5%Sale-to-list price ratio
7.0%Homes sold above list price
45.2%Homes with a price drop
$153Median price per sq ft (down 3.2%)
914Homes for sale, Oct 2026
55Redfin Compete Score (somewhat competitive)
Sources: Redfin, ZIP 75407 (Aug 2026), which includes some addresses outside city limits. Active listings from HAR.com (Oct 2026).
Neighborhood guide
Best neighborhoods in Princeton, TX
Most Princeton neighborhoods are new or recent builder communities. Prices below are current builder base prices, which usually rise with upgrades and lot premiums.
Multi-builder
Master-plannedFrom ~$259K–$377K
Entry priceFrom ~$256K
Move-upFrom ~$338K
Two buildersFrom ~$274K–$330K
Lowest entryFrom ~$186K–$274K
LennarFrom ~$246K–$328K
Starter homesFrom ~$240K–$245K
First-time buyersFrom ~$238K
KB HomeFrom ~$257K
Included featuresFrom ~$291K
Value pickFrom ~$250K
Larger homesFrom ~$401K
Free comparison
Not sure which neighborhood fits?
Get a side-by-side of prices, school zoning, taxes, and HOA or PID costs for the Princeton neighborhoods in your budget.
Get my comparisonPhotos are representative, not the specific neighborhood. Prices are builder base prices listed on NewHomeSource, Oct 2026, not resale medians. Some communities may sit outside city limits. Verify school zoning by address.
Lifestyle
Small-town core, lake next door
Princeton sits just north of Lake Lavon, with city parks, youth sports, and a growing list of restaurants along US 380. McKinney's shopping and dining are about 15 minutes west.
Lake LavonCity parksYouth sportsUS 380 dining
Property taxes
Princeton property tax rate explained
Princeton's 2026 combined rate is about 1.91% before exemptions. Princeton ISD is the largest share. The city raised its rate to the voter-approval level, and Collin County raised its rate for the first time since 1993.
Princeton ISD 1.2011
City of Princeton 0.473
Collin County 0.151
Collin College 0.0812
| Taxing entity (2026) | Rate per $100 |
|---|---|
| Princeton ISD | 1.2011 |
| City of Princeton | 0.473 |
| Collin County | 0.151 |
| Collin College | 0.0812 |
| Total, Princeton ISD | ≈ 1.91% |
| PID or MUD assessment, if any | Varies by subdivision |
Sources: Princeton ISD tax rate notice and 2026-27 adopted budget (Aug 2026), City of Princeton FY2026-27 budget (Sept 2026), Collin County (Sept 14, 2026, rounded), Collin College (Aug 25, 2026).
Exemptions and special districts
- Homestead: Texas homeowners get a $140,000 exemption from school taxes on their primary residence. File with the Collin Central Appraisal District once you own and live in the home.
- Over 65 or disabled: Eligible owners get an extra $60,000 off school taxes. Their school tax bill is also frozen at the amount paid in the first year they qualify.
- PIDs and MUDs: Many newer Princeton subdivisions carry PID assessments or MUD taxes on top of the base rate. Exemptions do not reduce PID assessments, so check the disclosure before you write an offer.
How to win the right Princeton home in this market
Princeton has more inventory than buyers right now. The advantage goes to buyers who compare builders, check the full tax picture, and negotiate on terms as well as price.
- Get pre-approved before visiting modelsBuilder sales offices push their in-house lender. A pre-approval from outside gives you a benchmark to compare against their incentives.
- Price the full paymentAdd the 1.91% base tax rate, any PID or MUD, and HOA dues. Two homes with the same price can have very different monthly costs.
- Compare new and resaleHomes that are 2–5 years old in the same subdivisions can sell below new-build prices and often come with fences and landscaping.
- Negotiate the incentiveWith 45% of listings taking price cuts, ask for a rate buydown or closing costs, not just a lower price.
- Check the lot and drainageDrainage has been a resident concern. Review the lot grade, flood maps, and the builder warranty before you sign.
Estimate your Princeton payment
$0/ month
- Principal + interest (30-yr)
- $0
- Property tax
- $0
- Homeowners insurance (est.)
- $0
- HOA + PID
- $0
Estimate only, not a loan offer. Uses the 2026 Princeton ISD combined rate before exemptions and excludes any PID or MUD. Insurance assumes 0.6% of price per year; mortgage insurance isn't included. Rates change daily.
Schools, commute, and lifestyle
Living in Princeton, TX: what to know
Parks and the lake
Lake Lavon borders south Princeton and offers boating, fishing, and shoreline parks. The city approved a $6.5 million skate park in 2025.
Things to do
Youth sports leagues, school events, and community festivals are the core of local life. A bond-funded recreation center with indoor aquatics is planned.
Shopping and dining
Everyday shopping and restaurants line US 380. For larger retail, dining, and entertainment, most residents drive about 15 minutes west to McKinney.
Princeton ISD
Princeton ISD serves most of the city and reports an overall B rating from TEA and a 98% graduation rate. It has 16 campuses, including two high schools, and grew past 12,300 students in Aug 2026.
Other districts
ZIP 75407 crosses district lines, so some addresses near Princeton are zoned to neighboring ISDs such as McKinney ISD. Always confirm the school district for a specific address before you make an offer.
Healthcare
The closest full-service hospitals are in McKinney, about 15–20 minutes west on US 380. Primary care and urgent care are available closer in, along US 380.
2023
Voters approve city bonds that fund a multi-generational recreation center, now estimated at $75 million.
2025
Princeton ISD opens Perkins Early Childhood Center as enrollment keeps growing.
2026
Princeton ISD reaches 12,338 students in August, with two elementary schools under construction.
2026
Collin County voters decide an $817.5 million bond, including $475 million for roads, on Nov. 3.
Getting around
US 380 is Princeton's main road. It runs west to McKinney and US 75, and east toward Farmersville. Most Dallas commutes use US 75 south. Traffic on US 380 is the main daily tradeoff.
- McKinney ~15 min off-peak
- Allen ~25 min off-peak
- Plano (Legacy) ~35 min off-peak
- Downtown Dallas ~45–50 min off-peak
An honest look
Pros and cons of living in Princeton
Pros
- Median price far below most Collin County cities
- Many new homes from national builders
- Buyer leverage: price cuts and builder incentives
- Newer schools in a fast-growing district
- Lake Lavon access on the south side
- Collin County address and services
Cons
- US 380 traffic during peak commute hours
- Long drive to Dallas and Plano jobs
- PID or MUD costs in many subdivisions
- Limited local shopping and employers so far
- City and county raised tax rates in 2026
- Prices fell 6.6% in the past year
Your Princeton real estate agent
One expert for the home and the loan
PJ Zaji is a Texas REALTOR® (Lic# 631862-SA) with Monument Realty and a mortgage loan originator with NEXA Mortgage (NMLS #2280005). In Princeton, that means one person compares builder incentives against outside loan options from 280+ wholesale lenders, checks PID and tax costs, and negotiates the house and the loan together.
- Compares builder lender offers with 280+ wholesale lenders
- Calculates the full payment, including PID, MUD, and HOA
- Negotiates new-build incentives and resale terms
FAQ
Princeton, TX real estate: common questions
Still have a question?
Text PJ at 469-817-6060 for a straight answer on any Princeton home, neighborhood, or loan question.
Call or text PJWhat is the median home price in Princeton, TX?
Redfin reports a median sale price of $280,129 for ZIP 75407 in August 2026, down 6.6% from a year earlier. Other portals show higher figures over longer periods, so ask for a recent comparable-sales report for the subdivision you want.
Is Princeton, TX a good place to live?
Princeton suits buyers who want a newer home at a lower price than most of Collin County and can accept a longer commute. The tradeoffs are US 380 traffic, fewer local employers, and fast growth that still outpaces roads and retail.
What school district serves Princeton?
Princeton ISD serves most of the city. It reports an overall B rating from TEA and a 98% graduation rate, and enrollment passed 12,300 in August 2026. ZIP 75407 crosses district lines, so verify zoning by address.
What is the property tax rate in Princeton, TX?
The 2026 combined rate is about 1.91% before exemptions: Princeton ISD 1.2011, City of Princeton about 0.4730, Collin County about 0.151, and Collin College 0.0812 per $100. PID or MUD costs are extra where they apply.
Do Princeton homes have PID or MUD taxes?
Many newer subdivisions in and around Princeton carry a PID assessment, and some areas outside city limits are in a MUD. These can add meaningfully to the yearly bill. Ask for the PID or MUD notice before you write an offer.
How long is the commute from Princeton to Dallas?
Downtown Dallas is about 40 miles away, or roughly 45–50 minutes off-peak via US 380 and US 75. McKinney is about 15 minutes away. The Census average commute for Princeton residents is 32.2 minutes.
Who builds new homes in Princeton?
Active builders include Lennar, Meritage Homes, Pulte, Beazer, Centex, KB Home, LGI Homes, Starlight Homes, Ashton Woods, Imagination Homes, and Pacesetter. Base prices run from the low $200Ks to about $400K.
Is now a good time to buy in Princeton?
Conditions favor buyers. Prices are down 6.6% year over year, homes take 54 days to sell, and 45% of listings have had a price cut. That leaves room to negotiate on price, closing costs, or a rate buydown.
Are builder incentives worth it?
Sometimes. Builder rate buydowns can lower the payment, but they often require using the builder's lender. Compare the incentive against an outside loan offer and a straight price reduction before you choose.
Is Princeton cheaper than McKinney?
Yes. In Redfin's latest data, Princeton's median sale price is about $155,000 lower than in north McKinney's 75071 ZIP. Princeton's newer homes also tend to be larger for the price, though PIDs can narrow the gap.
Did Princeton raise property taxes in 2026?
The city set its 2026 rate at about 0.4730 per $100, up from 0.4402. Collin County raised its rate for the first time since 1993. Princeton ISD lowered its rate slightly to 1.2011.
Keep exploring
More Princeton searches and nearby cities
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