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Plano

Learn about the people, housing, costs and businesses in Plano, Illinois

Median Home$242,236
Median Rent$1,450/month
Population12,329
Leading IndustriesProfessional Services · Healthcare · Finance & Insurance4% professional services
Home Value Growth⬆⬆+20.8% over 2 years
Young Adults33% of residentswell above average
Homeowners73% of occupied units
NotableTransit79/100 · excellent transit access
NotableAmenity Score67/100 · highly walkable area
Plano
IL

Frequently Asked Questions

What are today's mortgage rates in Plano?

As of today, the 30-year fixed mortgage rate for Plano is approximately 7.008% (7.017% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Plano?

The median home value in Plano is $242k. The median monthly rent is $1,450. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Plano?

Home values in Plano have increased 20.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Plano?

Based on a typical all-in ownership cost of $1,738/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $74k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Plano is $90k/year.

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What industries drive the economy in Plano?

The largest employment sectors in Plano are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.