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Princeton city, TX

ZIP 75407 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 75407

Median Home Value
$307,500
Median Rent
$1,562
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,975/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 75407 in Princeton city, TX, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,975. That is roughly in line with the local median household income ($92,076). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics

Newer development area (15% built after 2014)

Owner Occupied
78.4%+20% vs US avg
x
Vacancy Rate
5.0%-51% vs US avg
x
Broadband Access
91.9%+6% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
15.4%+123% vs US avg
x
Rent Burden >30%
17.2%-65% vs US avg
x
Mortgage-Free
29.7%-22% vs US avg
x
$307,500
Home Value
$1,562
Rent
2010
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.5%
  • 1-unit attached0.5%
  • 2-9 units2.6%
  • 10+ units4.1%
  • Mobile home & other14.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$307,500
Median rent$1,562
Owner-occupied78.4%
Vacant5.0%
Price-to-income3.3x
Est. income to buy$85,000