Frisco

Ready to Invest in Frisco, Texas? Here’s What You Need to Know

Dallas might get the most attention in the DFW Metroplex, but cities like Frisco are quickly gaining attention and recognition as hotspots for lucrative investments. Make sure you don’t underestimate everything that this Dallas suburb has to offer.

Location

Frisco is located 26 miles north of Dallas on the eastern shore of Lewisville Lake. It’s conveniently located in close proximity to a number of other popular cities, towns, and destinations, including Garland, Arlington, and Fort Worth. Oklahoma City, Oklahoma, Tulsa, Oklahoma, Austin, Texas, and San Antonio Texas are all within a day’s drive as well.

Frisco consists of 69 square miles and, like many other cities in the northern suburbs of Dallas, serves as a popular “bedroom community” for professionals who work in DFW. With that being said, there are plenty of booming businesses within Frisco as well.

Population and Demographics

It might be smaller than Dallas and Fort Worth, but Frisco has an impressive population of 200,490 (making it one of the largest cities in Texas). Just one in five residents are over the age of 55, while more than half of residents fall into the 18- 54 age bracket.

The median household income in Frisco is an impressive $127,055 (which is twice the national average). Just 3.6 percent of residents live below the poverty level.

Approximately 56.5 percent of the population is white, 20.9 percent is Asian, 11.5 percent is Hispanic or Latino, and 7.7 percent is black.

Area History

Frisco’s history is closely connected to the settling of the Dallas area when American pioneers traveled to the area in wagon trains along the Shawnee Trail. This trail, which later became Preston Trail and is now known as Preston Road, was a main artery for commerce in the region. The town got the name of Frisco City in 1904 when residents chose the name to honor the St. Louis-San Francisco Railway. It was later shortened to Frisco.

Education

Frisco is one of the most highly educated cities in the country, with 96.4 percent of adults holding a high school diploma. Likewise, 63.5 percent have graduated from college. The top employment industries in Frisco include scientific and technical services (16.7 percent), healthcare (11.2 percent), finance (11.1 percent), retail (10.5 percent), and manufacturing (8 percent).

The majority of Frisco students attend a school within the Frisco Independent School District, while some parts of the city extend into Little Elm Independent School District, Lewisville Independent School District, and Proper Independent School District. The Frisco Independent School District consists of 10 high schools, 17 middle schools, and 42 elementary schools.

A number of Texas state colleges have satellite campuses in Frisco. You’ll also find Collins College (community college) here.

Things to Do

Some might call Frisco a bedroom community, but that doesn’t acknowledge all of the wonderful amenities and experiences that are available in the city. This includes The Star, Dr. Pepper Ballpark, the National Video Game Museum, Frisco Commons Park, Hanuman Temple, Texas Sculpture Garden, Frisco Heritage Museum, and an array of fine dining, breweries, and intimate concert venues.

Home Prices and Trends

The median home value in Frisco, Texas is $470,858. Less than 31 percent of homes can be purchased for under $355,000, while nearly 22 percent of properties cost $591,000 or more. There are a total of 60,123 homes and apartments in Frisco with a homeownership rate of 71.4 percent. Approximately 28.6 percent of properties are rentals. The average rent is $2,678.

Is Frisco the Best Place for You?

Frisco is an ideal spot to call home and/or invest in income-producing rental properties. Whether you’re looking for a place to move your family or you want to build a portfolio of cash flowing properties, there’s plenty to offer here. And while it’s definitely not the cheapest community in the Dallas-Fort Worth Metroplex, it certainly has some of the greatest upside. Contact a Green Residential real estate professional today to learn more!