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Corridors, build era, and taxing boundaries shape what you can buy in Princeton and what it costs to hold.
Princeton runs along US 380 roughly eight miles east of McKinney, on the line the Katy railroad built in 1881. It shipped enough onions in the 1940s to be called the onion capital of Texas, and a wartime labor camp west of town became a POW camp in 1945, now part of J.M. Caldwell Sr. Community Park. Farmland conversion moved fast enough that the city imposed a residential building moratorium in 2024 over infrastructure capacity. Newer subdivisions sit in public improvement districts, and Princeton ISD reaches the west shore of Lavon Lake.
Princeton sits in Collin County, where the combined property tax rate runs about 1.70 percent of market value for the 2025 tax year, ranging 1.55 to 2.30 percent depending on the school district. On a $350,000 home with a homestead exemption that works out to roughly $377 a month. The Texas homestead exemption reduces only the school district portion, not the county or city portion, which is the detail most online estimates miss.
Taxes and insurance are a large share of a monthly payment in Texas, so a national mortgage estimate will understate what a Princeton home actually costs to hold.
Brokerage services on this page are provided through Fathom Realty. Review Texas listing service levels and terms.
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