Frisco, Texas Housing Market Prices
Frisco Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 108% above the Texas median$538,142
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Median rent 44% above the Texas median$2,016
Housing Market Overview
| Metric | Frisco | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $538,142 | $258,873 | $248,835 |
| Price Trend (Annual %) | 3.4% | 9.2% | 7.5% |
| Median Gross Rent | $2,016 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Frisco is about 108% higher than in Texas. Rent is about 44% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Frisco, up about 3.4% and 5.6% a year respectively. Rent is changing faster.
Median rent in Frisco rose about 54.6% between 2015 and 2024, from $1,304 to $2,016. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Frisco.
Buying the median-priced home in Frisco costs roughly 22.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Frisco. The price-to-rent ratio in Texas is about 15.4.
| Metric | Frisco | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $538,142 | $258,873 | $248,835 |
| Median Household Income | $148,738 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Frisco rose about 31.8%, while median household income rose about 53.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Frisco | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 56.7% | 58.5% |
| Rental Rate | 33.3% | 33.9% | 31.2% |
| Vacancy Rate | 4.0% | 9.4% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Frisco has a homeownership rate of 62.7%, higher than the Texas average of 56.7%. Its housing vacancy rate is 4.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Frisco | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2009 | 1990 | 1978 |
| Median Number of Rooms | 6.7 | 5.4 | 5.5 |
The typical housing unit in Frisco was built around 2009. On average, 2.8 people live in a home with about 6.7 rooms, staying for about 10.0 years on average.
Frisco, TX Housing Compared With Nearby Cities
Frisco, TX is the largest of the 4 cities compared here, 221,418 residents against a local median of 43,293. Nothing separates Frisco, TX sharply from the cities around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 15% below the local median at 65.3% against 76.7%. Frisco, TX has the 3rd highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Frisco, TX | 221,418 | $538,142 #3/4 | $2,016 #3/4 | 65.3% #3/4 |
| Prosper, TX | 42,836 | $782,373 | $2,261 | 87.9% |
| The Colony, TX | 43,293 | $546,190 | $1,955 | 58.1% |
| Little Elm, TX | 64,127 | $343,588 | $2,155 | 76.7% |
Frequently Asked Questions
Common questions about the housing market in Frisco, Texas.
What is the median home price in Frisco, Texas?
The median home price in Frisco, Texas is $538,142, higher than the Texas average of $258,873.
What is the average home price in Frisco, Texas?
The typical home price in Frisco, Texas, reported as the median sale price, is $538,142. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Frisco, Texas?
The median gross rent in Frisco, Texas is $2,016 per month, higher than the Texas average of $1,402.
What was the median gross rent in Frisco in 2020?
In 2020, the median gross rent in Frisco, Texas was $1,511 per month.
What is the price-to-rent ratio in Frisco, Texas?
The price-to-rent ratio in Frisco, Texas is about 22.2, meaning it would take roughly 22.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Frisco.
Are home prices or rent rising faster in Frisco, Texas?
Both home prices and rent are rising in Frisco, up about 3.4% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Frisco, Texas?
62.7% of households in Frisco, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Frisco, Texas?
The housing vacancy rate in Frisco, Texas is 4.0%, lower than the Texas average of 9.4%.
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