Plano real estate market overview
- Average Monthly Rent: $1,813
- Home Price/Value Percentage Change: 1.10%
- Median Home Value: $497,493
- Best Time To Sell a Home: November
- Affordability Index: Moderate
- Days To Sell a House: 39
- Job Market: Fair
- Public School Ranking: 27
Location and weather
Located 19 miles north of downtown Dallas in Denton and Collin County resides the city of Plano, Texas. Plano is the 9th largest city in Texas and 4th largest city in the Dallas/Fort Worth region. This diverse city offers its residents the perfect mixture of urban and suburban living, attracting the likes of young professionals, families and retirees alike.
Plano's warm and temperate climate consists of hot, humid summers and cold, windy winters. Along with receiving almost 40 inches of rain per year, this city is also at high risk for tornado activity.
Population, job market and cost of living
The population in Plano is 293,189, with a growing rate of 0.88% annually.
The job market here has decreased by -3.54% over the last year. In ten years, job growth is predicted to be 44.6%. Plano is home to multiple Fortune 500 companies and over 10,000 growing businesses. Top industries here include healthcare, electronic software, game development, energy and manufacturing. Despite the pandemics expected to hit the economy here, over 15,000 jobs were brought to the city once lockdown was lifted.
If you're a hopeful resident of this opportune city, finding a job won't be difficult. With so much to offer in terms of employment, safety, and recreation, Plano is an expensive city to live in with fair reason.
Plano real estate market details
- Hills of Prestonwood
- Cypress Point
- Kings Ridge
- Kings Gate
There has been a 1.1% increase in Plano's median home value over the last year. As of 2023, the median home value is $497,493.
November can provide home owners with the most profitable sale, while June provides homeowners with the fastest sale.
The top ranked public schools are Plano East Senior High School, Plano Isd Academy High School and Jasper High School. This information is based on data from The US Department of Education, The US Census Bureau and the Texas Education Agency.