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These days, finding an affordable place to live in the Frisco area can be challenging. Home prices in Frisco are now at a median cost of $698,061, higher than the Texas average of $322,096.
The average cost of rent is $2,477/mo in Frisco, primarily driven by the current value of real estate in the Frisco area. In Frisco, 34.25% of households rent, and 23.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frisco is $13,879 per month. Households that rent pay about 17.84% of their income on rent here. Frisco’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hackberry, TX: less expensive homes
- Little Elm, TX: less expensive homes
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- Prosper, TX: equally priced homes
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Cities with Similar Populations
- Rochester Hills, MI: less expensive homes
- Richmond, CA: less expensive homes
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- Greenville, NC: less expensive homes
- Harrisburg, PA: less expensive homes
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