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Plano Texas has a population of 270 thousand, and is located only twenty miles Northeast of downtown Dallas. The city developed during the 1840s with the construction of mills which drew people to the area in search of work. By the 1980s and 90s several major corporations began moving their headquarters to the city, and today the largest employers include Bank of America, HP Enterprise, Capital One, and JCPenney. The economy is aided by the fact that it’s within a commutable distance to Dallas. Plano which is recognized as an official suburb of Dallas is a popular location for first time homeowners, including people interested in rent to own homes.
The real estate market in Plano is flaming hot according to Zillow, and is very much a buyer’s market. The median home value in the city is $282,500. Home values only dipped slightly during the recession but have now exploded, more than doubling in value. Neighborhoods range from The Colony where the median value is $184,900 to Parker where it is $526,900.
Do and See
Residents of Plano have the advantage of the city being located close to Dallas which is easily commutable. Plano is one of 12 suburbs that are apart of the Dallas Rapid Transit light rail line. Meanwhile Plano itself provides ample opportunities for rest and leisure including an abundant park system. There are over 250 neighborhood parks in the city, over 1,000 acres of community parks, and 1,324 acres of open space preserves.