Why Live in Plano
Legacy West stands as Plano's premier upscale shopping and dining destination, featuring high-end retailers and restaurants like Haywire, which serves Texas comfort food, and Mexican Sugar's Latin American cuisine. The 200-acre Arbor Hills Nature Preserve provides extensive hiking and biking trails, while Oak Point Park and Nature Preserve, the city's largest park, includes a lake for kayaking and the Go Ape Zip Line Adventure Park.
The Plano housing market features diverse options across distinct neighborhoods. The median sale price for homes in Plano is $499,900. Single family homes in Legacy command a median price of $1,300,000, while Willow Bend homes have a median price of $1,195,000. More moderate options exist in Los Rios, where the median single family home price is $441,000. Condos present a more affordable entry point, with median prices of $222,500 for one bedroom units and $250,000 for two bedrooms.
Plano's cost of living runs 10% above the national average. A family with school-age children needs approximately $115,000 annually to live comfortably, while renters should aim for $63,000. The property tax rate in Collin County is 1.66%, matching neighboring Frisco and Allen. Texas has no state income tax, though residents pay a combined 8.20% sales tax.
The city's educational system includes several highly rated schools. Lebanon Trail High School and Plano West Senior High School both earned A+ ratings from Niche. Major employers include Toyota North America, FedEx Office, and Frito-Lay. DART light rail connects Plano to downtown Dallas, with DFW International Airport accessible within 30 to 45 minutes by car.
Home Trends in Plano, TX
On average, homes in Plano, TX sell after 40 days on the market compared to the national average of 50 days. The median sale price for homes in Plano, TX over the last 12 months is $499,900, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$499,900
Median Single Family Sale Price
$560,000
Median Townhouse Sale Price
$455,500
Median 2 Bedroom Sale Price
$252,500
Median 1 Bedroom Sale Price
$222,450
Average Price Per Sq Ft
$242
Number of Homes for Sale
1,029
Last 12 months Home Sales
2,460
Median List Price
$545,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%