What Is The Average Home Price In Plano TX?

Definition of "What is the average home price in Plano TX?"

Shenita Singleton real estate agent

Written by

Shenita Singletonelite badge icon

Keller Williams Realty Coastal Area Partners

When you’re planning a move to a new city, research is a crucial part of the process. Looking up Plano's crime rates, finding the safest neighborhoods and figuring which of Plano’s school districts suits your child or children the best are all important questions to ask before you move to Plano Texas. In addition to these questions, there’s one more that you’ll have to ask before you pack the moving truck and head towards your new town: what is the average price of a home? 

This question will play a significant role in determining where you buy a home and whether or not you make a new life in a particular city. When it comes to the city of Plano TX then, you may be wondering what this figure looks like. Can you afford it? Is the price of a home above average or below? What other real estate trends will you find in this market? In this FAQ, we’ll be doing our best to answer these questions. Let’s begin! 

Real Estate Market in Plano TX

If you’re planning a move to Plano, we’ve got some good news and some bad news for you. The good news is that the property appreciation rate in the city of Plano TX is very high. This means that if you buy property here, you’ll be securing an appreciating asset that will gain value very quickly. The bad news is that this has led to higher-than-average real estate prices in the city. If you want to buy a home here, you can expect to pay a pretty penny! 

First off, let’s take a closer look at property values in Plano TX. With an average home price of $439,000, there’s no question that real estate here is more pricey than it is in many other cities across the country. While interest rates on home loans are lower than they’ve been in a while, you’ll still need a sizable amount in cash for a down payment on a home here. 


To go into a bit more detail about that good news, appreciation rates are astronomically high. With real estate prices increasing by an average of 23% annually, buying a home here is literally a better investment than buying gold! Considering the higher-than-average median home value, it’s safe to say that you could make a whole lot of money if you buy a house now. 

Moving to Plano TX


Taking these factors into account, we’re fairly confident that you might be leaning towards making this city your home. We don’t blame you! If this is indeed the case, you’re going to want to get in touch with one of the fine real estate agents in Plano TX. These skilled, experienced professionals are your best option when it comes to buying property in this beautiful city. We wish you the best of luck!

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Questions

Popular Real Estate Glossary Terms

Legal proceeding whereby a person's property is attached and used to pay an obligation. The employer may withhold part of the employee's salary to the court until the debt has been paid. ...

A unilateral contract is a contract where only one part holds responsibility for whatever the document promises. For instance, an insurance contract is usually a unilateral contract ...

The definition of Fair Market Value in the real estate business is the highest amount that could be received on the sale of a property when there are a willing buyer and a willing seller. ...

Bottom of a frame such as a window sill. ...

As the term “servient” comes from the root word “serve” and to serve means to perform a duty or a service for another entity, its meaning is easy to define. The term ...

Platform erected on a roof in some New England homes having a view of the sea. It was said widows of lost seaman would walk on the platform looking out at sea for their husbands to return ...

Having an interest in property for the duration of one's life after which the title reverts to another party. ...

Involves the transfer of property from one individual to another for a consideration in the form of sale. It is the most widely used type of real estate deed with a period of bargaining ...

Interest rate that exceeds the rate on the old loan but in less than the rate on new loans. It is usually offered by the lender to encourage home buyers to refinance existing, low interest ...