Princeton is a growing city in Collin County, Texas, with a population of around 12,000 people as of 2021. Here are some potential pros and cons of purchasing real estate in Princeton:

Pros:
- Affordable prices: The median home price in Princeton is lower than the state and national averages, which could make it an attractive option for buyers looking for affordable housing.
- Growing community: Princeton is a rapidly growing city with a projected population increase of over 50% in the next decade, which could mean good opportunities for real estate investment.
- Small town feel: Despite being close to the Dallas-Fort Worth area, Princeton still has a small town feel with a tight-knit community.

Cons:
- Commute time: Princeton is located about 35 miles northeast of downtown Dallas, which could be a long commute for people working in the city.
- Limited amenities: While Princeton has some amenities, it may not have as many options as larger cities, which could be a downside for some residents.
- Flooding: Like many areas in Texas, Princeton is susceptible to flooding, so homeowners may need to take extra precautions and purchase flood insurance.

It's important to note that these are just a few potential pros and cons and that everyone's situation is different. It's essential to do your research and have a good understanding of what you're looking for before making any decisions when it comes to real estate.