Plano appreciation rates and housing market information

Plano housing market information

With 222,301 people, 86,107 houses or apartments, and a median cost of homes of $254,655, Plano real estate is some of the most expensive in Texas, although Plano home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Plano, accounting for 69.00% of the city's housing units. Other types of housing that are prevalent in Plano include large apartment complexes or high rise apartments (24.59%), duplexes, homes converted to apartments, or other small apartment buildings (3.76%), and a few row houses and other attached homes (1.93%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Plano. Owner-occupied housing accounts for 64.72% of Plano's homes, and 63.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plano built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Plano built from 1995 and later (31.71%). A lesser amount of the housing stock also hails from 1940-1969 (5.16%), and some were built from 1939 and earlier (5.16%).

Plano home appreciation rates

Plano's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Plano during the period has been just 5.40%, which is lower than % of US communities.

Appreciation rates are so strong in Plano that despite a nationwide downturn in the housing market, Plano real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plano appreciation rates continue to be some of the highest in America, at 2.98%, which is higher than appreciation rates in 75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plano. Plano appreciation rates in the latest quarter were at 0.85%, which equates to an annual appreciation rate of 3.40%.

Relative to Texas, our data show that Plano's latest annual appreciation rate is higher than 40% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Plano differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plano - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Plano real estate investment or home purchase decisions.