Plano is considered one of the more expensive suburbs in the Dallas-Fort Worth metro area, but it’s still more affordable than University Park or Frisco’s luxury neighborhoods. Here’s a breakdown of just how pricey it is:
1. Home Prices
The median home price in Plano is around $500K–$600K, but luxury homes in areas like West Plano or Willow Bend can exceed $1M–$2M.
Compared to Dallas’ median home price (~$400K), Plano is moderately more expensive but offers better schools and suburban amenities.
New Construction vs. Older Homes: Many homes in Plano were built in the 1980s–2000s, meaning buyers often pay a premium for updated or newer properties.
✔ Luxury Neighborhoods (Willow Bend, Kings Ridge, Lakeside on Preston) see homes in the $1M+ range.
✔ More affordable than Frisco’s newest developments but still high for Texas standards.
2. Property Taxes
Plano’s property tax rate is around 2.18%, meaning a $600K home would have about $13,000 in annual property taxes.
While Texas has no state income tax, Plano homeowners still pay a significant amount in property taxes.
3. Cost of Living
Plano is more expensive than the national average, but cheaper than Dallas’ most high-end areas (like University Park or Highland Park).
Dining, shopping, and entertainment at Legacy West and The Shops at Willow Bend cater to an upscale lifestyle.
Private School Tuition: While Plano ISD is highly rated, some families opt for private schools, which can cost $15K–$30K per year per child.
4. Rent Prices
Luxury apartments and townhomes in Plano rent for $2,000–$3,500 per month.
Renting a single-family home in Plano typically costs $3,500–$6,000/month, depending on location and size.
Final Verdict – Plano is Expensive, But Not the Most Expensive
Plano is one of the pricier suburbs in DFW, but it offers great value compared to ultra-luxury areas like Frisco’s Starwood or University Park. If you’re looking for top schools, suburban convenience, and a high quality of life, Plano is worth the investment.
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.
