Is It A Good Time To Buy A House In Frisco TX?
The city with over 200,000 residents in the Lone Star State has all the meaningful advantages, traditions, and technical momentum, low crime rates, and prices, as well as marvelous sightseeing attractions to entice one to opt to relocate here.
Explore a city with a compelling duality
Frisco, TX is a dynamically developing city, which discovered an organic rhythm to combine its past, almost agrarian heritage with modern technological achievements. The progressive pace the city makes advances towards futuristic urbanization is even more impressive once we consider the official statistics of crime rates. According to these, Frisco is the second safest city in Texas.
Additionally, Frisco was listed as number 1 on Money's 2018 list of the Best Places to Live in the United States. It has A+ public schools with an excellent graduation rate, as of August 1, 2020. Subsequently, it has turned into the fastest-growing community in America with a rise in population of 210%.
From an economic perspective, “it’s a bring it on”!
Due to current circumstances, such as the pandemic and the ensuing economic hardships, one can notice a stagnation in the real estate market. Yet, Frisco remained a seller's market (more people are looking to buy than there are homes to sell), and there is an emphatic appeal for purchasing houses, most of all in the price range of $500K to $750K. Consisting of 12 neighborhoods, Grayhawk, Plantation Resort, and Stonebriar are the most popular with the best infrastructure.
The median listing home price in Frisco is around $520K, while the median listing home price/sq ft is approximately $200.
Average rent prices for studios and bedrooms of various numbers are higher than the national average. Approximately $1180 is the rent for a studio, while $820 is the national average. In the case of 2 bedrooms, the approximate prices are $1700 to $1200.
Moreover, countless business enterprises come to Frisco that can assure better-paying jobs. Prosperity is on the rise!
How about the cost of living?
Frisco’s cost of living is at an average of $120 per month. The median cost of living (not including rent or mortgage) is around $410, which is slightly higher than the USA average of $235. “On the Cost of Living Index Frisco received a value of 96.9, while the national average is 100 (the lower=the better).” It is also one of the wealthiest cities in Texas. As a result, compared to the rest of the nation, Frisco's cost of living is 20.0% higher than the U.S. average. For instance, the housing expenses in Frisco, TX, are 21% higher than the national average. Furthermore, the utility prices are also slightly above the typical amount in the States (4%). The fees for public transportation equal the national average. Nonetheless, Frisco considerably beats the national competition with an 11% drop in prices, when it comes to food and other commodities.
What is Frisco known for?
Still not convinced about moving to this prosperous city? Let us present you with some outstanding city marvels that will surely take your breath away!
- The Star or Dr. Pepper Ballpark home of Dallas Cowboys, professional American football team
- Canyons Rock Climbing Gym
- Cinemark Frisco Square
And many other facilities with remarkable pastime activities will wait just for you!
Frisco will make it worth your while
Keep in mind that real estate agents in Frisco TX, are always available for you and your inquiries, offering the most of their know-how and professional information while navigating the real estate market of this suburbia. Undisputedly, their answer to this frequently asked question will be a definitive Yes! Buying a house in Frisco, TX is in high demand.
Popular Real Estate Questions
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