Are you considering moving to Princeton, Texas? If so, you might be wondering if it’s a good place to live. In this blog, we’ll cover everything you need to know about living in Princeton, from its location and schools to housing and community events.
I’m Keela McGraw, your favorite Dallas-Fort Worth realtor, and I’ve helped many families relocate to the area. If you’re eyeing the North Dallas metroplex, Princeton should definitely be on your radar. Let’s dive in!
A City in Growth Mode
Princeton, Texas, is booming. According to U.S. Census data, Princeton is the third-fastest-growing city in the country, with a population increase of 22% between 2022 and 2023. With its abundance of land and new housing developments, it’s no wonder that people are flocking to this charming city. Niche.com even gave Princeton an overall grade of B+.
Location and Accessibility
Princeton is located north of Dallas and east of McKinney in Collin County, one of the fastest-growing counties in the nation. The city provides convenient access to major highways:
- Highway 75 (north-south)
- Highway 380 (east-west)
- Sam Rayburn Tollway (via McKinney)
For those who travel frequently, Princeton is about a 45-minute drive to Dallas-Fort Worth International Airport and a 50-minute drive to Dallas Love Field. Downtown Dallas is 50 minutes away, while downtown Fort Worth is about an hour’s drive.
Affordable Cost of Living
One of Princeton’s standout features is its affordability. According to PayScale.com, Princeton’s cost of living is 1% below the national average. This makes it an attractive option for families and individuals looking for a high quality of life at a reasonable cost.
Community and Activities
Despite its growth, Princeton retains its small-town charm with a variety of community events throughout the year:
- 4th of July Celebration
- Fall Festival
- Christmas Tree Lighting
- Movies in the Park
Outdoor enthusiasts can enjoy Lake Lavon, which offers fishing, boating, and other recreational activities. The city also boasts four parks for residents to explore. For additional shopping and entertainment options, McKinney is just a short drive away.
Schools in Princeton
Princeton has its own school district, the Princeton Independent School District (ISD), which serves over 9,000 students across 14 schools. According to the Texas Education Agency, Princeton ISD consistently earns high marks, with an overall rating of an A (93 out of 100). As the city grows, the district is committed to expanding and building new schools to accommodate the influx of families.
Safety in Princeton
Safety is a top priority for many families, and Princeton scores high in this area. CrimeGrade.org gives Princeton an overall grade of A for safety. While this is encouraging, it’s always a good idea to reach out to local law enforcement for specific crime statistics.
Housing Market
Housing in Princeton is another major draw. As of August 2024:
- Median Home Price: $347,000
- Median Home Price in DFW: $375,000
- Median Home Price in Collin County: $500,000
For $350,000, you can typically find a three to four-bedroom home with two to three bathrooms and around 1,700 to 2,000 square feet. Princeton’s growth has led to numerous new construction communities, offering plenty of options for homebuyers.
Addressing Rapid Growth
With rapid expansion comes challenges. The Princeton City Council recently enacted a 120-day moratorium on new residential housing to assess the city’s infrastructure and public services. This proactive approach ensures that water, sewage systems, roads, and emergency services can keep up with growth. If you’re considering moving to Princeton, stay informed about these developments.
Final Thoughts
Princeton, Texas, offers a blend of affordability, community, and growth that makes it an appealing place to live. From its excellent schools to its family-friendly events and housing options, it’s no surprise that more people are choosing to call Princeton home.
Do you have questions about buying a home in the Princeton area? Feel free toContact. I’d love to help you find your perfect home in this thriving community!