Princeton's population soars as demand for affordable housing rises

In the United States, Princeton, Texas, has emerged as one of the fastest-growing cities, with its population jumping significantly from approximately 28,000 in 2023 to about 37,000 in 2024. This transformation is attributed to an influx of residents attracted to the Dallas-Fort Worth area's job opportunities and affordable housing options. Mayor Eugene Escobar mentioned that despite the growth, the city struggles to keep its infrastructure updated with the rapid increase in residents, showcasing the growing pains of a small town evolving from a primarily rural community into a more urbanized suburb. Over the past decade, Princeton has seen its population more than double due to a broader trend of migration to the Dallas-Fort Worth region. Many individuals and families are drawn to the area for various reasons, including the affordability of housing compared to neighboring cities. With median home values around $325,000, living in Princeton offers financial advantages, making it a desirable option for people commuting to nearby urban centers like McKinney and Frisco. In response to the rapid growth, city officials have had to implement a temporary moratorium on new residential construction to maintain the necessary quality of infrastructure such as water supplies, sewage systems, and essential services like fire and police protection. Escobar has highlighted the urgency of addressing these infrastructure demands to ensure that Princeton can support its growing population without compromising the quality of life for its residents. These developments reflect the ongoing transformation of Texas suburbs as they accommodate a growing number of newcomers while striving to maintain their small-town charm. Alongside Princeton, other Texas towns like Fulshear, Celina, Anna, Fate, Melissa, and Hutto have also ranked among the fastest-growing areas, testifying to the trend of growth across the Lone Star State. As a result, Texas continues to be a focal point for population increases, marking significant changes in its urban landscapes and economic opportunities.