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CITY SPOTLIGHT:

PRINCETON, TEXAS

Princeton, Texas

At A Glance


Population: 28,266

YOY Increase: 10.49%

Median Home Price: $339,999

Unemployment Rate: 3.5%


*latest numbers as of Apr. 2024

PRINCETON:

PROLIFIC POPULATION GAINS IN DFW SUBURBIA

Princeton: Farming Town No More!

Nestled in the heart of Collin County, Texas, Princeton stands as a beacon of opportunity and growth in the Lone Star State. With a rich history dating back to the mid-19th century, Princeton has evolved from a small farming community into a thriving city of over 28,000 residents


One of Princeton's most compelling draws for investors is its remarkable population growth. In recent years, the city has experienced a population surge, with a growth rate far exceeding the national average. This influx of new residents speaks to Princeton's allure as a desirable place to live and live.

Skyrocketing Population

We talk about population growth a lot, but Princeton's growth is really something special. The growth has been attributed to the proximity to other bustling DFW suburbs like Plano and Allen.


Population Growth Since 1953


1953: 564

1972: 1,100

1990: 2,321

2000: 3,477

2010: 6,924

2020: 17,573

2024: 28,2662

As to why the suburb is growing faster than some of its Collin County neighbors, Princeton boasts a favorable business climate and pro-growth policies that make it an attractive environment for investment.


In addition to its economic vibrancy, Princeton offers investors a high quality of life and a range of amenities to enjoy. The city's leadership is committed to fostering economic development and supporting businesses of all sizes.


Overall, Princeton is a sanctuary of opportunity that empowers investors to grow and flourish amidst the bustle of today's competitive marketplace.

PRINCETON:

FARMING HISTORY STILL REPRESENTED

History: Seasonal Migratory Camp

In 1940, the migratory camp was built west of Princeton for people who moved to the area to work during the onion and cotton seasons. It was estimated that there were 300-400 transients at the camp during this period (about 2/3 the population of the town at the time!)


During WW2, the camp was turned into a prisoner-of-war camp for Germans captured during the war. When the war came to an end, it once again became a migratory camp

Current: Community Park

Today, that same park that used to be home to migratory workers in the 40s and prisoners of war during WW2 has become the J.M. Caldwell Sr Community Park, one of several premiere sports and leisure fields in the area.


The Community Park has a fully-sanctioned disc golf course, basketball courts, baseball fields, barbeque pits, soccer fields, hiking trails, picnic areas, and a large outdoor pavilion featuring a state-of-the-art dog park.

PRINCETON:

THINGS TO DO

Lake Lavon Boating & Fishing


Lake Lavon is a beautiful lake north of Dallas, Texas located in southeast Collin County. This lake is home to great fishing, camping, parks, hiking trails and all kinds of outdoor activities. Lake Lavon was completed in 1953 and has been a staple of outdoor life ever since. 

Learn more

Old Rooster Creek Flea Market


Open every weekend at the Old Rooster Creek RV Park, the Flea Market brings people from across the region to check out trinkets, novelties and collectibles that have been gathered by locals and sold in one of the area's largest outdoor vendor spots.


Learn more

World War II POW Camp


The Princeton migrant camp housed POWs for less than a year. The farmers would come to the camp in trucks and take the prisoners to work the fields. Now, some historical markers still remain in the area, which has become a community park.


Learn more

Visit Cathy's Critters


Cathy's Critters was founded on the idea that our exotic and farm animals might bring joy and education to children and families across the DFW area in the same way that they bring joy and education to our own families in our own backyard.


Learn more

PRINCETON:

A DEEPER DIVE

Major Cities & Highways

  • McKinney- 10 min.
  • Plano- 18 min.
  • Dallas- 35 min.
  • Greenville- 12 min.
  • U.S. Highway 380
  • Near U.S. 75


PRINCETON IN THE NEWS

Dallas Developer buys Princeton tract near McKinney

Dallas Morning News


A major North Texas land investor has sold a large development property in Princeton, east of McKinney.


Arizona-based Walton Global sold the 129-acre tract on U.S. Highway 380 to Dallas-based PIC Real Estate LLC, a company managed by Md Tauhid Choudhury, and an affiliate of Tasacom Real Estate. The purchase was financed with more than $12 million in debt provided by Walton Global, county records show.


The property is planned for both residential and commercial construction.


Read more!

Sanger, Princeton among North Texas 'boom towns'

NBC DFW


Long gone are the days when what was considered to be Dallas-Fort Worth were the towns that were adjoining the cities of Dallas and Fort Worth.


For example, Celina, north of Prosper in Collin and Denton counties, had a population of 1,861, according to the 2010 Census. By 2020, it had grown to more than 16,000. As of 2024, the estimated population for Celina was more than 50,000 people.


Another Collin County city that has seen major growth in recent years is Princeton, along US Highway 380 east of McKinney.


Read more!

Fast-Growing North Texas City Bolsters 'All-Stars' Team With New Deputy City Manager

Dallas Innovates


The city of Princeton has named John Land as its deputy city manager, citing his substantial experience in municipal leadership and strategic planning. The decision was made following a unanimous vote by the city council earlier this week.


Land’s career trajectory includes over two decades of progressive municipal experience, along with more than fourteen years in chamber executive roles.


Read more!

READY TO INVEST IN PRINCETON?

CONTACT OMNIKEY REALTY'S

INVESTMENTS TEAM!

Schedule a Consult

ABOUT OMNIKEY REALTY

We are a licensed, top-rated, and experienced property management firm servicing North, East, Central, and South Texas and beyond since 2006. We specialize in single, multi-family, and commercial properties. Our goal is to make the investment property ownership and rental experience a positive, stress-free, and successful one.


VISIT THEIR WEBSITE NOW!


TX #0560726 & OK #205650

info for this email from: World Population Review, redfin.com, Rocket Homes, areavibes.com, U.S. Bureau of Labor Statistics, Point2Homes.com, rate.com, Federal Reserve Bank of St. Louis, Census Reporter, U.S. Census 2010, U.S. Census 2020, Herald-Banner, American Cottom Museum website, Trip Advisor, ratemyballpark.com, Front Porch News

PRINCETON, TEXAS CITY SPOTLIGHT

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