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Plano

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

Median Home$511,950
Median Rent$2,105/month
Population290,151
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services18% arts, food & hospitality
Home Value Growth+9.6% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners57% of occupied units
NotableHighly Educated36% bachelor's · 19% graduate · top 3% nationally
NotableAmenity Score81/100 · highly walkable area
Plano
TX

Frequently Asked Questions

What are today's mortgage rates in Plano?

As of today, the 30-year fixed mortgage rate for Plano is approximately 6.849% (6.883% 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 $512k. The median monthly rent is $2,105. Annual property taxes average $7k. 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 9.6% over the past two years. This represents moderate growth. 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 $2,019/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $87k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Plano is $125k/year.

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What industries drive the economy in Plano?

The largest employment sectors in Plano are healthcare (21%) and arts, food, and hospitality (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.