The story of this market
The typical home in ZIP 75407 sells for about $287,490, or $162 per square foot.
Prices are down 11.2% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,126 a month.
ZIP 75407 — Princeton
The 75407 housing market is currently balanced, with a median sale price of approximately $287,490 and a moderate supply of inventory. While year-over-year prices have seen a correction, the area remains attractive to families due to ongoing residential development and relative affordability compared to the broader DFW metroplex. Market activity is driven by new construction and steady demand for single-family homes.
This ZIP is ideal for families and commuters seeking newer, more affordable housing options compared to the inner suburbs of Dallas, while still maintaining access to the DFW employment core.
Median prices moved down 11.2% year over year.
Homes spend a median of 70 days on market with 0.5 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 5.7% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 75407, Collin County TX
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Princeton ISD, which has seen rapid growth alongside the city's residential expansion.
The region is subject to standard North Texas climate risks, including severe thunderstorms and occasional tornado activity.
Princeton is experiencing significant residential development and infrastructure expansion to accommodate rapid population growth in Collin County.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00). County (Collin County, Texas) — Independent School District Ad Valorem Tax & Mandatory Homestead Exemption: All residential parcels fall into an ISD (e.g., Plano ISD at $1.03955 per $100; Allen ISD at $1.1258 per $100; Prosper ISD at $1.2141 per $100). Imposes standard Maintenance & Operations (M&O) and Interest & Sinking (I&S) rates.
Commuters primarily rely on US-380 for access to major employment hubs in McKinney, Plano, and the broader Dallas-Fort Worth metroplex.
Residents have access to local community parks and proximity to Lake Lavon for outdoor activities, with additional shopping and dining options expanding along the US-380 corridor.
The rental market is characterized by high demand driven by new construction, with a mix of single-family rentals and newer multi-family developments.
The local economy is heavily influenced by the broader Collin County employment market, with significant growth in retail, services, and construction sectors.
Transportation is primarily automobile-dependent, with US-380 serving as the primary arterial highway connecting the area to the regional network.
Ongoing residential master-planned community developments are actively expanding the city's footprint to the north and east.
The Collin Central Appraisal District manages property assessments for the county, adhering to state-mandated market value standards.
Parcels in this ZIP are subject to Princeton ISD taxes and may fall within various MUDs or PIDs established to fund infrastructure for new developments.
Property insurance premiums in North Texas are influenced by regional exposure to hail and wind damage, leading to generally rising costs.
Data retrieved from data.census.gov ZCTA 75407 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional reservoir providing boating, fishing, and recreational trails.
Local municipal park serving the immediate residential population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Governs Wood Creek Country Estates Addition
Governs Brookside
Governs Frontier Pointe
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.