Housing

Plano housing options are plentiful.

A variety of housing choices exist in Plano including single family homes, estates, multi-family properties, town homes, urban centers, and independent and assisted living centers.

The local housing market is very stable compared to other parts of the country. Dallas and Plano’s homes appreciated gradually over the last decade and as a result, have not experienced the major depreciation found in other markets across the country.

Affordability

In 2008, the median sales price of Plano a house was $213,900 and the average median home sales price was $266,905. With median home prices in New York now exceeding $520,000 and San Francisco now over $750,000, many transplants are discovering that they can buy much more home for the money. With fewer dollars tied up in the home, you can save more and live a lifestyle impossible on the coasts.

Single Family Homes

Plano houses are nestled in neighborhood developments close to schools where walking/biking trails connect to parks. A variety of shopping centers are strategically located to meet the needs of area residents.

Rental and Multifamily

From traditional apartment complexes, to duplexes and condos, Plano offers renters plentiful options. A two-bed, two-bath unit rents, on average, for $927 in Plano. New urbanism apartments are widely popular. Urban center developments combining a mixed use of office/retail, entertainment, and residential in a pedestrian-oriented environment are located in Downtown Plano and Legacy Town Center.

The urban center located in Historic Downtown Plano is adjacent to neighborhoods where historic homes have been magnificently restored. New shops, apartments, and condominiums blend new urbanism with the historic setting creating an authentic feel in the mixed use development with immediate access to DART light rail at the Downtown Plano Station.

Another Plano urban development, Legacy Town Center, provides pedestrian-friendly streets, upscale boutiques, art galleries, restaurants, theaters, coffee shops, a town square, a hotel, and apartment living within walking distance to corporate campuses. Legacy Town Center is situated among existing corporate campuses including the headquarters of EDS- an HP Company, JCPenney, Frito-Lay, Ericsson, and Dr Pepper Snapple Group. 

Dallas area more affordable

The Dallas area is 110th in a ranking of the country's most expensive U.S. Housing markets in 2008, according to the Center for Housing Policy. The median home price in 2008 was $155,000. Researchers compared median housing costs with average wages in more than 200 U.S. metropolitan areas to come up with the ranking. The DFW area ranking as the 71st most expensive home rental market in the study with an average rent of $905 for a two-bedroom apartment. (5/8/09)