Plano, TX
Collin County · Pop. 288,253
Ranked #107 of 243 cities
42Moderate
Median Home Price
🏠$450K
3.5% YoY
Median Rent
🔑$1,800
2.5% YoY
Median Income
💰$92K
Rent Burden
📊26.0%
% of income to rent
Income to Buy
🏦$129K
annual income needed
Income to Rent
📝$72K
annual income needed
Price-to-Income
⚖️4.9x
Homeownership
🏡62.0%
Rent vs. Buy
Buy
$2,395/mo
Est. mortgage (7%, 20% down)
Need $129K/yr income
Rent
$1,800/mo
Median rent
Need $72K/yr income
How Plano Compares
| Metric | Plano | Texas | National |
|---|---|---|---|
| Home Price | $450K | $297K | $410K |
| Rent | $1,800 | $1,413 | $1,500 |
| Income | $92K | $76K | $75K |
| Rent Burden | 26.0% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Plano are 10% higher than the national average.
- • Rent is 20% higher than the national average.
- • You need an income of $129K to comfortably buy a home here.
- • The homeownership rate is 62.0%, compared to 65.0% nationally.