Plano, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Plano Neighborhoods Since 2000




Plano, TX Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Plano Housing Market Information

With 283,558 people, 103,937 houses or apartments, and a median cost of homes of $313,010, 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 64.55% of the city's housing units. Other types of housing that are prevalent in Plano include large apartment complexes or high rise apartments ( 28.01%), row houses and other attached homes ( 3.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.05%).

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 62.24% owning and 37.76% 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 ( 18.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.98%).

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 49.52% over the last ten years, which is an average annual home appreciation rate of 4.10%, putting Plano in the top 10% 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.

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 10.13%, which is higher than appreciation rates in 94.20% 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 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Plano one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Plano's latest annual appreciation rate is higher than 90% 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:
$313,010

Plano, TX HOME PRICES

Value Range
> $1,374,000 1.2
$1,031,001 - $1,374,000 1.4
$687,001 - $1,031,000 4.4
$550,001 - $687,000 6.3
$412,001 - $550,000 15.1
$275,001 - $412,000 31.1
$137,001 - $275,000 34.4
$69,001 - $137,000 4.7
$0 - $69,000 1.5

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
15.1763740771124 6.1284046692607

Number Of Homes And Apartments:
103,937

Plano Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
75.95% 3.33% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,528 / per month

Homeownership Rate

Homeownership
Owners 62.24
Renters 37.76
Vacant 4.23

Housing Market Details

 

Age of Homes

AGE OF Plano HOMES
2000 or Newer 18.3
1970 - 1999 76.3
1940 - 1969 5.0
1939 or Older 0.4

Types of Homes

TYPE OF Plano HOMES
Single-Family 64.6
Townhomes 3.9
Small Apt. Buildings 3.0
Apt. Complexes 28.0
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Plano HOMES
No Bedroom 1.16
1 Bedroom 15.41
2 Bedrooms 16.70
3 Bedrooms 26.51
4 Bedrooms 32.48
5 or more bedrooms 7.75