There are currently 75,076 real estate properties in Plano, TX, with a median automated valuation model (AVM) price of $503,928.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Plano, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Plano, TX, is $567,915.00, with the most expensive house in Plano, TX, topping out at $13,663,300.00 and the cheapest home in Plano, TX, clocking in at $22,532.00. In other words, there’s something for every potential homebuyer or savvy investor in Plano, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Plano, TX, is on a rollercoaster ride. The average rent price in Plano, TX, is $2,166.00. Indeed, when looking to rent in Plano, TX, you can expect to pay as little as $750.00 or as much as $3,820.00, with the average rent median estimated to be $2,050.00. The good news is that finding an affordable and desirable property to rent in Plano, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Plano is located in Collin, Texas, with an estimated municipal population of 287,677 residents. All of the best foreclosed homes for sale in Plano are located in the following zip code areas on Foreclosure.com: 75093 75023 75025 75024 75074 75075 75026 75086. The estimated population per square kilometer (.62 miles) in Plano is 1,549.
So, about how much do homes cost in Plano? The most recent median value of resident-owned homes in Plano is 320,171. An estimated 59.1 percent of households in Plano own their homes, with an average family size of 3.22. The median household income in Plano is 95,602, with47.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Plano, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Plano? If so, the average rent price paid by renters in Plano is 1,418, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Plano, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Plano is 38.7, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Plano is 56.9, with an average family size of 3.22.
The percentage of residents who report their race in Plano is as follows:
| White | 65.1% |
| Black / African American | 8.6% |
| Asian | 21.2% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 2.8% |
| Other | 1.7% |
Looking for family-friendly neighborhoods in and/or near Plano? Or maybe you are searching for 55+ active adult communities in and/or near Plano?
The percentage of residents who report their age in Plano is as follows:
| Under 10 | 11.2% |
| Aged 10-19 | 13.8% |
| 20s | 12.2% |
| 30s | 14.7% |
| 40s | 15% |
| 50s | 14.3% |
| 60s | 10.8% |
| 70s | 5.5% |
| 80+ | 2.6% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Plano with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Plano.
How do you know that living in -- or moving to -- Plano is right where you need to be? Perhaps you grew up in Plano or already live nearby; therefore, the decision to buy a home in Plano is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Plano for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Plano:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Plano.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Plano can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Plano, meanwhile, can field multiple offers from more qualified buyers.
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