What was once a quiet, rural post in Texas is now one of the fast -growing cities in the country “and is struggling to continue with the influx of residents.
In just one year, Princeton, TX, about 40 miles from Dallas, has seen its population grow, causing a building boom and pushing local leaders into overload to manage rapid growth peace.
“While the Texas cities have led the population growth, the rapid climbing in the first place was mostly unexpected,” the city’s mayor, Eugene Escobar, realtor.comâ®.
Princeton’s population increased 30.6% from July 2023 to July 2024, according to the latest data from the US Census Bureau. This makes it the city of the fastest group in the country with a population below 37,000.
To put that growth in perspective, in 2020, the city had only 17,000 inhabitants. In 2013, the area had only two traffic lights, adds Escobar.
Location makes princess a magnet
For the new residents, Princeton’s location increases its attraction.
“Quick Princeton of the Rapid Group offers buyers abundant home options for sale at a lower price than the nearby suburbs of the North and Dallas itself,” says Hannah Jones, high economic research analyst on Realtor.com.
“Buyers hoping to be on the north side of the Dallas Metrosa can benefit from the low prices of houses in Princeton, without access to sacrifice in the conveniences and opportunities of working in the largest expansion plan area.”
With an average price of the house list of $ 337,000, Princeton is more affordable than Dallas’s nearest broad meter ($ 437,000), but also strikes a price lower than the next Allen cities ($ 549,700), McKinney ($ 556,000), and Frisco ($ 727,000).
Most houses for sale (96.1%) are with a single family. There were 330 houses for sale in Princeton in April, with 72.9% year by year, and from only 88 houses for sale in April 2019.
Many of the lists are new buildings with builders such as KB Home, Dr. Horton and Starlight Homes all creating a new development in recent years.
Escobar credits the popularity of princess in its relatively affordability, combined with its proximity to larger cities with better working opportunities; Lake nearby Wash, where many come on vacation; High quality school; and “the small town of the area feels despite its growth.”
The mayor says those who move are mostly young, young professionals. The city has an average family income of approximately $ 90,809, with an average age of 33.2 years “showing a youth and economically active population. “
“Princeton is attracting a wide range of buyers,” Dallas -based Harrison Polky, from Douglas Elliman, tells Realtor.com. “From young families cut from Dallas’ urban essence to professionals who require a lower cost of living without sacrificing access to labor markets. We are also seeing buyers coming to Californo, Illinois and parts of the East Coast” become painful points. “
KB Home is one of the many builders who have landed in the former sleepy city. She opened her 10-plan Princeton Estate in 2024 and the houses are still buying in the country.
“Princeton is emerging quickly as one of the most desired are in Collin County, thanks to his highly appreciated schools, accessing new work and atmosphere with family fear,” says Marcia Dillon, President of Dalla KB Home Division.
Local real estate agent Jennifer Vokolek, by Re/Max DFW Associates, marks other reasons for increasing the Spurt area: USDA financing (rural development); Access to the new Epic Muslim Community 402 hectares in the unforgettable circles of Collin and Hunt; And the large amount of new buildings that can provide stimulating stimuli with which older homes cannot compete.
In fact, so many builders “and new residents” fell in love with Princeton that last year the city paid a pause for new housing development to give time for the infrastructure to capture.
“The city is working to update water and sewage plans, improving road conditions, increasing public safety and addressing the standard of development,” the mayor’s office said for the construction pause. She also set up a good $ 109 million program to benefit from the city.
Despite the pause for the construction of new homes, the mayor noted that about 10,000 houses are in the pipeline.
Is a slowdown coming?
However, there are signs that things are slowing down. The average pricing of the house list in April 2025 was declining 6.2% year by year, and houses are lasting longer in the market: 45 days, a 44% increase over the past year.
For example, a whole new four -bedroom home, 2.5 bathrooms (96% of the lists are with a single family) at the Princeton Estate Build from KB Home has had its reduced price four times since February, from $ 387,259 to $ 357,444. (All four active Princeton Estate lists have seen prices landing.)
Vokolek says the moratorium of the residential building pushed home builders in nearby cities Anna, Celina and Melissa.
All of the Texas
Princeton is not the only city of Texas to see tremendous growth. Other cities in the first 15 countries include Fulshear (26.9% population growth); Celina (18.2%); Anna (14.6%); Fate (11.4%); Melissa (10%); and hutto (9.4%).
It is not just rural areas that saw growth. Large cities like Houston, Fort Worth, San Antonio, Georgetown and San Angelo also saw high population growth. In fact, ready all Texas cities with a population of 20,000 or more saw that the population grows from 2023 to 2024.
Only nine are areas in the lost residents of the Lone Star, and the loss was less than 0.3% of their population.
Other metros with population growth
But it is not just the cities in Texas that experience a growing path. The registration bureau lists fully other cities that saw the signal growth in one year.
The urban cores that the residents had to flee at the beginning of the Covid-19 pandemic are now seeing an overthrow: New York City again tops the list of large cities adding to residents, an increase of 87,184 from 2023 to 2024.
The summary of the top five winners were: Houston (43,217), Los Angeles (31,276), San Antonio (23,945) and Fort Worth (23,442).
Florida and Texas continue their main profits that began with the pandemia.
Seven cities exceeded 100,000 popular threshold, with five of them in those two states: Deltona, FL (Population 100,513); Plantation, FL (100,694); Sunrise, FL (100,128); Georgetown, TX (101,344); and San Angelo, TX (100,159).
Two others are in the west: Tracy, CA (100,136), and WA Federal Way, WA (100,252).
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Image Source : nypost.com