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Frisco real estate market overview
- Average Monthly Rent: $1,885
- Home Price/Value Percentage Change: 0.80%
- Median Home Value: $647,611
- Best Time To Sell a Home: December
- Affordability Index: Low
- Days To Sell a House: 49
- Job Market: Fair
- Public School Ranking: 27
Location and weather
Frisco can be found almost 30 miles north of Dallas, in the northeast region of Texas. This city straddles Denton and Collin County, along the North Dallas corridor. Frisco's location is also bordered by Prosper to the north and McKinney to the east. This rapidly growing suburb has almost 50 parks that stretch among 1,300 acres of land, along with plenty of opportunity to enjoy local culture, nature, and sports. It's primarily known as a safe, close-knit community that attracts the likes of families and professionals.
Frisco's climate is primarily warm and humid throughout the year, reaching high temperatures in the 100s during the summer. Winters are more temperate, reaching lows in the 30s in the evening.
Population, job market and cost of living
Frisco's population is 225,565, with a growth rate of 3.85% annually.
The job market has decreased by -3.53% over the last year. In ten years, job growth is predicted to be 55.66%. Frisco was named the number 1 City in Job Growth among US Mid-sized Cities in 2019 by Wallethub. Over time, this title still proves to be true as it attracts a highly educated and diverse workforce full of Fortune 500 and Fortune 1000 companies, regional offices, and global/national headquarters. Some of these corporate leaders include Keurig Dr. Pepper, Addus Homecare, Careington International, and the HCA Healthcare Center for Clinical Advancement.
Frisco is an expensive city in terms of livability, ranking more expensive than Texas and the US average cost of living.
Frisco real estate market details
- Newman Village
- Chapel Creek
- Starwood
- Panther Creek
- Stonebriar
The average monthly rent in Frisco is $1,885 for an average apartment size of 941 sq. feet.
There has been a 0.8% increase in Frisco's median home value over the last year. As of 2023, the median home value is $647,611.
On average, homes in Frisco sell after 49 days on the market.
December is the most profitable month for home sales, while June home sales are the fastest.
The affordability index in Frisco is 121. This number indicates low affordability in this city.
The top ranked public schools are Wakeland High School, Talley Elementary School, Lawler Middle School, Pioneer Heritage Middle School, Mcspedden Elementary School, and Lebanon Trail High School. This information is based on the school's combined math and reading proficiency data in testing.