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These days, finding an affordable place to live in the Plano area can be challenging. Home prices in Plano are now at a median cost of $506,816, higher than the Texas average of $322,096.
The average cost of rent is $2,130/mo in Plano, primarily driven by the current value of real estate in the Plano area. In Plano, 42.64% of households rent, and 40.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Plano is $10,740 per month. Households that rent pay about 19.84% of their income on rent here. Plano’s most expensive areas are in the western 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
- Allen, TX: equally priced homes
- Richardson, TX: less expensive homes
- Parker, TX: higher priced homes
- Frisco, TX: higher priced homes
- Murphy, TX: higher priced homes
- The Colony, TX: equally priced homes
- Hebron, TX: higher priced homes
- Addison, TX: less expensive homes
- Carrollton, TX: less expensive homes
- Fairview, TX: equally priced homes
Cities with Similar Populations
- Anaheim, CA: higher priced homes
- Apple Valley, CA: less expensive homes
- Atascocita, TX: less expensive homes
- Antioch, TN: less expensive homes
- Antioch, CA: higher priced homes
- Ashburn, VA: higher priced homes
- Amarillo, TX: less expensive homes
- Allen, TX: equally priced homes
- Arvada, CO: higher priced homes
- Arlington, VA: higher priced homes
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