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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Plano, IL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Plano, IL Housing Market Trends

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%).

Plano Home Appreciation Rates

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.

Average Home Values

Median Home Value

$338,397

Plano, IL Home Prices
> $1,406,000
$1,054,001 - $1,406,000
$703,001 - $1,054,000
$562,001 - $703,000
$422,001 - $562,000
$281,001 - $422,000
$141,001 - $281,000
$70,001 - $141,000
$0 - $70,000
0.4%
0.4%
0.5%
0.5%
1.0%
1.0%
5.1%
5.1%
14.6%
14.6%
37.3%
37.3%
38.5%
38.5%
2.3%
2.3%
0.2%
0.2%
0% 100.0%
% of Homes
High

for Illinois

High

for nation

Number of Homes And Apartments:

3,829

Plano Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,521 / per month

Homeownership Rate

Owners
Renters
67.9%
67.9%
32.1%
32.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
44.1%
44.1%
17.7%
17.7%
24.2%
24.2%
14.0%
14.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.5%
65.5%
22.4%
22.4%
9.2%
9.2%
1.8%
1.8%
1.2%
1.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
5.9%
5.9%
21.2%
21.2%
51.4%
51.4%
13.0%
13.0%
8.0%
8.0%
0% 100.0%
% of Homes