Plano, Texas, is one of the most sought-after cities in the Dallas-Fort Worth metroplex, offering top-rated schools, luxury homes, a thriving job market, and a high quality of life.
If you're considering buying property in Plano, here are the 10 most important things to know before making your move.
1. Plano’s Real Estate Market Is Highly Competitive
Plano is a top choice for homebuyers, thanks to its excellent schools, low crime rates, and strong job market.
Median home price: $500K – $1M+
Homes sell quickly, especially in highly-rated school zones
Luxury and new construction homes are in high demand
What You Should Do: Get pre-approved for a mortgage and work with a local real estate expert to find homes before they hit the market.
2. Plano Has Some of the Best Schools in Texas
Plano is served by two highly-rated school districts:
Plano Independent School District (Plano ISD) – One of the top districts in Texas, known for its advanced academic programs and high graduation rates.
Frisco Independent School District (Frisco ISD) – Covers parts of North Plano and offers some of the best-rated schools in DFW.
What You Should Do: If schools are a priority, verify which school district a home is zoned for before buying.
3. Plano Offers a Mix of Home Styles & Communities
Plano has a variety of housing options, from affordable single-family homes to luxury estates in gated communities.
West Plano – Home to luxury communities like Willow Bend, Kings Ridge, and Normandy Estates.
Central Plano – Features established neighborhoods with mature trees and large lots.
East Plano – More affordable homes with easy access to parks and recreation.
What You Should Do: Decide if you prefer a master-planned community, an older established neighborhood, or a new construction home.
4. Property Taxes Are Higher Than the National Average
Texas has no state income tax, but property taxes in Plano can be higher than expected.
Plano property tax rates: Around 2.2% – 2.6%
Higher-rated school districts contribute to higher property taxes
Some luxury neighborhoods also have HOA fees
What You Should Do: Factor property taxes into your budget and check if the home qualifies for homestead exemptions.
5. New Construction Is Limited in Central & West Plano
Plano is a well-established city, meaning new construction opportunities are limited, especially in West Plano.
Most new homes are being built in North Plano or near the Frisco border.
Older homes in Central Plano are often renovated for modern upgrades.
Luxury builders still offer custom homes in select communities.
What You Should Do: If you’re looking for a brand-new home, be prepared for higher prices or longer build times.
6. Plano Has a Thriving Job Market
Plano is home to several Fortune 500 companies and high-paying job opportunities in technology, finance, and healthcare.
Major employers include Toyota North America, JPMorgan Chase, Liberty Mutual, and Frito-Lay.
The Legacy West business district is a major corporate hub.
The job market is strong, with low unemployment and high salaries.
What You Should Do: If you’re relocating for work, consider buying near Legacy West or near the Dallas North Tollway for easy commuting.
7. Plano’s Location Offers Easy Access to Dallas & DFW Airport
Plano’s prime location makes commuting and travel convenient.
Highway 121 and the Dallas North Tollway provide fast access to Dallas and Frisco.
Downtown Dallas is a 25-minute drive.
DFW International Airport is only 30 minutes away.
What You Should Do: If you commute frequently, choose a home near major highways for easier access.
8. Plano’s Shopping, Dining, and Entertainment Are Top-Tier
Plano is home to some of the best shopping, dining, and entertainment in North Texas.
The Shops at Legacy and Legacy West – Upscale shopping and dining with luxury retailers and fine dining.
The Boardwalk at Granite Park – Lakefront restaurants and entertainment.
Downtown Plano Arts District – Historic charm with trendy restaurants and boutiques.
What You Should Do: If you want walkability and convenience, look for homes near Legacy West or Downtown Plano.
9. Plano Is a Safe & Family-Friendly City
Plano is consistently ranked as one of the safest cities in Texas.
Low crime rates compared to national averages.
Strong police and fire departments.
Well-maintained parks and community centers.
What You Should Do: If safety is a priority, Plano’s gated communities and master-planned neighborhoods offer extra security.
10. Homes in Plano Hold Their Value
Plano’s real estate market is stable, with strong demand and home appreciation over time.
Limited land for development keeps home values strong.
Luxury neighborhoods in West Plano consistently appreciate.
Excellent investment potential compared to other DFW suburbs.
What You Should Do: If you're looking for long-term value and investment potential, Plano is one of the best places to buy in DFW.
Is Plano the Right Place for You?
Plano offers top-rated schools, a strong job market, luxury homes, and a high quality of life, making it one of the best places to buy a home in North Texas.
If you're considering moving to Plano, let’s find the perfect property for you.
Call us at 469-269-6541 for more information about Plano real estate!
FIND A LUXURY HOME IN PLANO, TEXAS WITH NITIN GUPTA, BROKER ASSOCIATE, REALTOR®.
When purchasing a luxury home in Plano, Texas, it’s essential to consider factors such as location, architectural style, security, and amenities to ensure the home meets both lifestyle and investment needs. By selecting a property in a prestigious neighborhood with numerous amenities and security measures, buyers can ensure they’re making a valuable and rewarding investment in the vibrant Plano market.
For those looking to invest in luxury homes in Plano, Texas, Nitin Gupta is an expert real estate professional ready to assist. Known for his extensive experience, market insights, and numerous awards, he is committed to finding his clients the best properties in the area.
Contact Nitin Gupta at 469-269-6541 or send a message today to explore exclusive listings and secure your ideal luxury residence in one of Plano elite communities.
