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
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.
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.