Explore US City Plano, TX - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
With only 2.8 months of inventory, Plano remains a seller's market. The median home price in Plano currently stands at $550,000. With 2.8 months of supply, Plano's inventory levels remain relatively tight. Homes are taking about 30 days to sell, which is 9 days longer than this time last year. A significant 35.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 21.9% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Plano market with the affordability index at 14.8. Based on current market indicators, home prices in Plano are projected to decrease by approximately 26.2% over the next month.
Demographics market for - Plano, TX
Total Population -
312,437
Plano, TX has a total population of 418,613 residents. White residents make up 42.6% of the population, The African American population is 6.0%. Asian residents make up 12.9% of the population, This creates a relatively diverse demographic makeup for the area. As a large population center, Plano, TX offers diverse community resources and amenities.
White Race
57%
African American Race
8%
Crime for City - Plano, TX
Crime analysis for Plano, TX shows 1,953 total incidents across all categories. The most prevalent crime type is Assault (43.7% of all incidents). This is followed by Property Crime at 39.8%. The overall crime rate in Plano, TX is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Real Estate Market Prediction for - Plano, TX
Market predictions for Plano, TX show an upward trend in home prices, with values increasing by 11.3%. This represents a significant price movement in the market. The current median home price in Plano, TX is approximately $451,639.666. Based on current trends, home prices in Plano, TX are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
City Hotspots Map
Plano, TX features 3 investment hotspots with varying levels of activity. The average nightly rate of $125 suggests an affordable market for travelers. Guest satisfaction is good with an average rating of 4.0/5. The high average hotspot score of 0.85 indicates excellent investment potential in these areas. The area features 46 hotels, offering limited but growing accommodation options.
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Nearby Cities From- Plano, TX
McKinney, TX
Carrollton, TX
The Colony, TX
Dallas, TX
Parker, TX
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