Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 12,472, 3,829 total housing units (homes and apartments), and a median house value of $338,397, Plano real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Plano, accounting for 65.54% of the city's housing units. Other types of housing that are prevalent in Plano include row houses and other attached homes ( 22.38%), duplexes, homes converted to apartments or other small apartment buildings ( 9.15%), and a few large apartment complexes or high rise apartments ( 1.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plano. Owner-occupied housing accounts for 67.88% of Plano's homes, and 64.39% have either three or four bedrooms, which is average sized relative to America.
Plano homes and real estate are some of the newest in America. 44.13% of Plano's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Plano real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 24.24%), and between 1970-1999 ( 17.67%). There's also some housing in Plano built before 1939 ( 13.96%).
Appreciation rates for homes in Plano have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.68%, which ranks in the top 40% nationwide. This equates to an annual average Plano house appreciation rate of 7.11%.
Appreciation rates are so strong in Plano that despite a nationwide downturn in the housing market, Plano real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plano appreciation rates continue to be some of the highest in America, at 9.54%, which is higher than appreciation rates in 84.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plano. Plano appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Plano's latest annual appreciation rate is higher than 80% of the other cities and towns in Illinois.
$338,397
for Illinois
for nation
3,829
$2,521 / per month