Plano, TX—75023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plano, TX
As of Oct '25, the median home price in Plano, TX is $414,000, with a year-over-year change of -5.7%. This indicates that home prices in Plano, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | -5.7% |
| Single Family | $416,000 | -5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $285,000 | -5.9% |
3 Bed | $372,000 | -6.1% |
4 Bed | $503,000 | -5.1% |
| 5 Bed | $651,000 | -4.5% |
% of Housing Stock
Rental Trends — Plano, TX
As of July '25, Rentcast reports the average rent in Plano, TX is $2,130, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Plano, TX is studios: $1,120, 1-bedrooms: $1,330, 2-bedrooms: $1,910, 3-bedrooms: $2,540, 4-bedrooms: $3,200. The most common rental property sizes in Plano, TX are 2-bedroom and 1-bedroom, accounting for 30.9% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,990 | $2,130 |
| Studio Rent | $1,100 | $1,120 |
| 1 Bed Rent | $1,340 | $1,330 |
| 2 Bed Rent | $1,750 | $1,910 |
| 3 Bed Rent | $2,400 | $2,540 |
| 4 Bed Rent | $2,800 | $3,200 |
% of Rental Stock
Property Listings — Plano, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Plano, TX is 69. This is a increase of 60.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $439,000 | -3.0% |
Listing Count | 181 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 69 | 60.0% |
Demographics — Plano, TX
As of the latest ACS Survey released in 2023, Plano, TX has a population of 48,900, which has decreased by -2.4% over the past 5 years. Plano, TX is a moderately popular place for families, as children make up 19.2% of the population. The area has a highly educated workforce, with 55.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,900 | -2.4% |
% Under 18 | 19.2% | -11.1% |
% Seniors | 16.4% | 16.3% |
% WFH | 22.4% | 176.5% |
% w/ College Degree | 55.4% | 11.7% |
As of the latest ACS Survey released in 2023, Plano, TX is a predominantly white area, with 57.3% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Plano, TX is hispanic, making up 15.0% of the population. Foreign-born residents account for 19.2% of the population in Plano, TX, and this percentage has decreased by 13.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.3% | -1.5% |
% Black | 9.4% | -4.1% |
% Hispanic | 15.0% | 2.0% |
% Asian | 14.1% | -0.7% |
% Foreign Born | 19.2% | -13.1% |
Mortgage and Risk — Plano, TX
According to HUD data as of 2023, there were 138 mortgage originations in Plano, TX, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Plano, TX. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 138 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Plano, TX
As of 2024, the percent of homes in Plano, TX under the Section 8 program is 4.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Plano, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 333 |
Total Units Section 8 | 331 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,340 | $1,820 |
| 2 Bedroom | $380 | $1,750 | $2,130 |
| 3 Bedroom | $270 | $2,400 | $2,670 |
| 4 Bedroom | $630 | $2,800 | $3,430 |
Affordability — Plano, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $414,000 |
| Median Household Income | $106,000 |