Plano Property Management

Ready to Invest in Plano, TX? Here’s What You Need to Know

While cities like Dallas, Austin, and Houston grab most of the attention nationwide, Plano is far from a hidden gem of Texas for real estate investment.

It’s one of the larger communities in the state and is considered part of the downtown Dallas - Fort Worth Metroplex.

If you’re looking to buy property in Plano, you aren’t alone. It’s been one of the more popular destinations in the state over the past decade for real estate.

Location

It’s difficult to find a more convenient location in all of Texas.

Plano is located just a short drive from a variety of thriving cities in town, including Dallas (18 miles south), Arlington (31 miles southeast), and Fort Worth (41 miles southeast). Smaller towns like Frisco, Denton counties, McKinney, and Greenville are just a short drive away as well.

The city of Plano consists of 72 square miles and is situated in Collin County and Denton County.

Population and Demographics

The population of Plano is 287,677. Approximately 25 percent of the population is over the age of 5, while 23 percent of the population is in the 18 to 34 age bracket.

The median household income is an impressive $95,602 (which is 52 percent higher than the national median household income in the United States).

Plano residents are 52 percent white, 21 percent Asian, 15 percent Hispanic or Latino, and 8.5 percent black.

Area History

European settlers first pitched their tents in present-day Plano around 1840. Within several years, there was a sawmill, gristmill, and general store.

Other infrastructure soon followed and by 1900, the population had grown to 1,304. Population growth was slow over the next few decades, eventually reaching 3,695 residents by 1960.

However, during the 1970s, there was an explosion of growth spurred by a series of public works projects. By 1980, the population had surged to 72,000. Today, Plano regularly receives top scores in the “national livability index.”

Education

An impressive 93.6 percent of Plano adults are high school graduates, while 57.2 percent hold a college degree. This makes it one of the most highly educated cities in the state of Texas.

The top employment industries in Plano include scientific and technical services (15.4 percent), retail (10.7 percent), healthcare (10.4 percent), finance (9.3 percent), education (8.5 percent), accommodation (7.4 percent), and manufacturing (7.3 percent).

Plano is home to 70 public schools, as well as 16 private schools. There are also two campuses of the Collin County Community College District.

Things to Do

While you certainly can travel to Dallas and other surrounding cities for other adventures and entertainment, Plano offers plenty to do within its own city limits. This includes Arbor Hills Nature Preserve, Oak Point Park, Historic Downtown Plano, and the Interurban Railway Museum.

Home Prices and Trends

The median home value in Plano is $381,654. Nearly 50 percent of homes are priced below $359,000, while just 13 percent of homes are priced above $598,000. There are a total of 105,854 homes and apartments in Plano. Nearly 59 percent of homes are owner-occupied, while 41 percent have renters. The average real estate market rent is $2,167.

Is Plano the Best Place for You?

If you’re looking for an established suburban community with plenty of conveniences and amenities, Plano could be an excellent destination for you and your family. Likewise, if you want to purchase an investment property, booming jobs and industries mean there will always be a high demand for housing.

Want to find the perfect investment property for your family or portfolio or looking for the best property management services? Contact Green Residential today and we’ll be happy to put you in touch with one of our Plano, TX real estate experts.