Princeton, TX Multifamily Home for Sale

Princeton, Texas, located 40 miles northeast of Dallas, is experiencing rapid growth, with its population increasing from 17,000 in 2020 to 28,000 residents today. This expansion is driven by its proximity to Dallas, affordable housing, and highly rated Princeton Independent School District. Many homes in Princeton have been built in the last 20 years, ranging from older ranch-style properties to New Traditional homes in master planned communities such as Whitewing Trails and Forest Park. The median home price in Princeton is $345,000, which is lower than the Dallas-Fort Worth-Arlington area median. The city has implemented a 120-day moratorium on new residential development to assess the impact on infrastructure and public services. Princeton features several parks, including J.M. Caldwell Sr. Community Park with a disc golf course, basketball court, and dog park, and Princeton Municipal Park with a fishing pond and walking trails. Nearby Lake Lavon offers fishing, beaches, campgrounds, boat docks, and hiking trails. Shopping and dining options are available in Historic Downtown McKinney, just 9 miles away, and along U.S. Highway 380 in Princeton. The city is safer than the national average, with lower violent and property crime rates. Princeton faces significant wind factors, wildfire risks, and extreme summer heat but enjoys mild winter temperatures. Major employers include the Princeton Independent School District and the City of Princeton. The nearest hospital, Medical City McKinney, is 11 miles away, and the Dallas Fort Worth International Airport is 40 miles from Princeton.