Plano, Texas Housing Market Prices
Plano 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 74% above the Texas median$451,170
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Median rent 31% above the Texas median$1,841
Housing Market Overview
| Metric | Plano | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $451,170 | $258,873 | $248,835 |
| Price Trend (Annual %) | 6.5% | 9.2% | 7.5% |
| Median Gross Rent | $1,841 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plano is about 74% higher than in Texas. Rent is about 31% 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 Plano, up about 6.5% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Plano rose about 60.0% between 2015 and 2024, from $1,150 to $1,841. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Plano.
Buying the median-priced home in Plano costs roughly 20.4 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 Plano. The price-to-rent ratio in Texas is about 15.4.
| Metric | Plano | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $451,170 | $258,873 | $248,835 |
| Median Household Income | $112,803 | $78,939 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plano rose about 72.5%, while median household income rose about 30.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Plano | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.1% | 56.7% | 58.5% |
| Rental Rate | 41.4% | 33.9% | 31.2% |
| Vacancy Rate | 4.5% | 9.4% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Plano has a homeownership rate of 54.1%, lower than the Texas average of 56.7%. Its housing vacancy rate is 4.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Plano | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 6.1 | 5.4 | 5.5 |
The typical housing unit in Plano was built around 1993. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 12.0 years on average.
Plano, TX Housing Compared With Nearby Cities
How Plano, TX compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Plano, TX | 290,173 | $451,170 #2/3 | $1,841 #3/3 | 56.6% #2/3 |
| Richardson, TX | 115,321 | $103,134 | $1,865 | 51.8% |
| Allen, TX | 102,687 | $452,628 | $1,917 | 68.3% |
Frequently Asked Questions
Common questions about the housing market in Plano, Texas.
What is the median home price in Plano, Texas?
The median home price in Plano, Texas is $451,170, higher than the Texas average of $258,873.
What is the average home price in Plano, Texas?
The typical home price in Plano, Texas, reported as the median sale price, is $451,170. 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 Plano, Texas?
The median gross rent in Plano, Texas is $1,841 per month, higher than the Texas average of $1,402.
What was the median gross rent in Plano in 2020?
In 2020, the median gross rent in Plano, Texas was $1,443 per month.
What is the price-to-rent ratio in Plano, Texas?
The price-to-rent ratio in Plano, Texas is about 20.4, meaning it would take roughly 20.4 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 Plano.
Are home prices or rent rising faster in Plano, Texas?
Both home prices and rent are rising in Plano, up about 6.5% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plano, Texas?
54.1% of households in Plano, Texas own their home, lower than the Texas average of 56.7%.
What is the vacancy rate in Plano, Texas?
The housing vacancy rate in Plano, Texas is 4.5%, lower than the Texas average of 9.4%.
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