Plano, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Plano, TX Housing Market Trends

With a population of 287,677, 105,854 total housing units (homes and apartments), and a median house value of $381,654, 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 62.65% of the city's housing units. Other types of housing that are prevalent in Plano include large apartment complexes or high rise apartments ( 30.52%), row houses and other attached homes ( 3.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.64%).

The most prevalent building size and type in Plano are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.93% owning and 41.07% renting.

There is a lot of housing in Plano built from 1970 to 1999 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 between 2000 and later ( 20.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.34%).

Plano Home Appreciation Rates

In the last 10 years, Plano has experienced some of the highest home appreciation rates of any community in the nation. Plano real estate appreciated 82.51% over the last ten years, which is an average annual home appreciation rate of 6.20%, putting Plano in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Plano definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Plano appreciation rates have trailed the rest of the nation. In the last twelve months, Plano's appreciation rate has been 7.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plano were at 2.75%, which equates to an annual appreciation rate of 11.47%.

Relative to Texas, our data show that Plano's latest annual appreciation rate is lower than 70% 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 2000, to assist you in making the best Plano real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$381,654

Plano, TX HOME PRICES

> $1,196,000
1.6%
1.6%
$897,001 - $1,196,000
2.2%
2.2%
$598,001 - $897,000
9.2%
9.2%
$478,001 - $598,000
13.9%
13.9%
$359,001 - $478,000
25.9%
25.9%
$239,001 - $359,000
28.2%
28.2%
$120,001 - $239,000
16.4%
16.4%
$60,001 - $120,000
1.4%
1.4%
$0 - $60,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
105,854

Plano Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
110.99% 3.53%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,167 / per month

Homeownership Rate

Owners
58.9%
58.9%
Renters
41.1%
41.1%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.9%
20.9%
1970 - 1999
74.5%
74.5%
1940 - 1969
4.3%
4.3%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.7%
62.7%
Townhomes
3.8%
3.8%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
30.5%
30.5%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
14.7%
14.7%
2 Bedrooms
17.2%
17.2%
3 Bedrooms
27.3%
27.3%
4 Bedrooms
30.8%
30.8%
5 or more bedrooms
7.5%
7.5%
0.0% 100.0%
% OF HOMES