Rent to own Homes in Plano, TX
Plano, Texas, is home to more than 269,000 people, and it is the ninth largest city in the state. Plano is included in the Dallas-Fort Worth Metro Area and is home to some of the largest companies in Texas, including Frito-Lay, Dell Services, Cinemark Theaters, and Alliance Data. It's also the home of Plano Station, a 1908 Texas Electric Railway Station, and the Heritage Farmstead Museum, which dates back to 1891. This has made Plano one of the best places to live, according to CNN Money Magazine, and one of the safest cities in the country, according to Forbes.
Plano, TX is a great place for affordable rent-to-own homes! With a median household income of over $96,348 and a median rent of $1,447, the Plano, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Plano, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Plano, TX Property Resources
Rent to own Homes in Cities Near Plano, TX
- Addison
- Anna
- Balch Springs
- Carrollton
- Celina
- Cockrell Hill
- Coppell
- Corinth
- Dallas
- Farmers Branch
- Fate
- Forney
- Frisco
- Garland
- Grand Prairie
- Hackberry
- Heath
- Hebron
- Highland Park
- Hutchins
- Irving
- Josephine
- Lakewood Village
- Lavon
- Lewisville
- Lincoln Park
- Little Elm
- Lowry Crossing
- Lucas
- McLendon-Chisholm
- Mesquite
- Mobile City
- Murphy
- Nevada
- Oak Point
- Princeton
- Prosper
- Providence Village
- Richardson
- Rockwall
- Rowlett
- Royse City
- Sachse
- Seagoville
- Seis Lagos
- Sunnyvale
- Travis Ranch
- University Park
- Weston
- Wylie
Neighborhoods in Plano, TX
Cobblestone rent to own homes Briarwood rent to own homes Bunker rent to own homes Coit-ridgeview rent to own homes Stonehaven Place rent to own homes Cross Creek rent to own homes Dallas North Estates rent to own homes Deerfield rent to own homes The Trails rent to own homes Hunters Glen rent to own homesBuying a Home in Plano, TX
Plano, TX is seeing rapid growth and Plano, TX's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Plano, TX is part of Collin county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Collin is 2.19% which is above the national average, which is 0.99%.
Median Home Price in Plano, TX
Median Rent in Plano, TX
Top Reasons to Live in Plano TX
Housing Statistics Before moving to Plano, you should learn as much as possible about the housing market. The median sale price for a house as of the second quarter of 2013 was $130,901. This is an increase of 4 percent over the previous year. The average listing price of homes here is $422,247, as of the second week in August of 2013. There are not many older homes on the market, but new properties continue to make this area desirable. Seventeen home sales have closed in the city over the past year, which is a significant drop from the year before. Median residency is three years, and annual residential turnover stands at 23 percent. Single-family homes are by far the most common option available for rent to own.
Arts and Culture In terms of local activities, Plano does not have a large number of museums or performing arts centers. It does, however, have several annual festivals, including the Plano Balloon Festival, a large hot air balloon festival welcoming first timers and those who just enjoy the open sky. The Plano International Festival brings together all sorts of cultures to celebrate with food, dancing, and artisan shops. Perhaps arts and cultural activities will increase over time, since Plano is one of the state's overall highest income-earning areas and one of the wealthiest cities in the country, a good combination for creating arts patrons and aficionados.
Weather and Climate Overall, Plano's temperature and climate are the same as most of Texas, with a humid, subtropical climate most of the year. The coolest month is January, but temperatures do not usually fall below 45 degrees. During the summer months, humidity levels rise significantly, which can make the heat feel even more uncomfortable. July is the warmest month, and temperatures can top 100 degrees.
School Systems The public school system in Plano is the Plano Independent School District. The system has three senior high schools for students in 11 and 12th grades, several high schools for students in 9 and 10th grades, and a couple of four-year high school academies. The school system also includes various middle schools and elementary schools for younger children. There are also several Catholic and private schools in Plano. For higher education, students can enroll in Collin College, which has two campus locations located in the city, including the Preston Park Boulevard location and the Spring Creek Campus. Additionally, Southern Methodist University offers graduate-school programs here.
Transportation and Commutes The city of Plano is a suburb to the Dallas area, and, as a result, transportation into the downtown area of the bigger city is easy to find. The city is served by the Dallas Area Rapid Transit system, also known as DART. This is one of the best ways to get into downtown Dallas. A commute into Dallas from Plano can take between 20 and 40 minutes, depending on the time of day and destination. Plano is served by US Highway 75, President George Bush Turnpike, Texas State Highway 121, and Dallas North Tollway.