The typical owner-occupied home in Plano is worth about $465,900, 64% above the Texas median of $283,800 and 40% above the national median of $332,700. Owners pay a median $6,700 a year in property taxes, about 1.44% of their home's value, close to the Texas rate of 1.49%. The median household earns $112,253 a year, so the median home costs 4.2 times the median income (3.6 times for Texas). 57% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Plano at a glance
| Plano | Texas | U.S. | |
|---|---|---|---|
| Median home value | $465,900 | $283,800 | $332,700 |
| Median property tax paid per year | $6,700 | $4,232 | $3,119 |
| Property tax as a share of value | 1.44% | 1.49% | 0.94% |
| Median household income | $112,253 | $78,476 | $80,734 |
| Homes lived in by their owners | 57% | 63% | 65% |
| Owner homes with a mortgage | 60% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,723 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 20.7% | 21.7% | 21.0% |
| Median rent | $1,841 | $1,403 | $1,413 |
| Rent as a share of renters' income | 27.6% | 30.9% | 30.6% |
| Median year homes were built | 1993 | 1992 | 1980 |
| Vacant homes | 4.5% | 9.4% | 10.1% |
| Population | 290,594 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Plano
At this week's average 30-year rate of 7.11%, buying the median Plano home of $465,900 with 20% down costs about $3,261 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,037, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $139,737 for the 20%-down payment. That payment is 35% of the median Plano household income of $112,253; at that income and 20% down, the 28% guideline points to a home of about $374,000.
The median rent here is $1,841 a month, so owning the median home costs about $1,420 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $93,180 |
|---|---|
| Loan amount | $372,720 |
| Principal and interest | $2,507 |
| Property taxes (1.44% a year) | $559 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| PMI | $0 |
| Total per month | $3,261 |
Change the numbers in the calculator
| Down payment | $16,306 |
|---|---|
| Loan amount | $457,461 |
| Principal and interest | $3,077 |
| Property taxes (1.44% a year) | $559 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| FHA mortgage insurance | $206 |
| Total per month | $4,037 |
Change the numbers in the calculator
Questions about home buying in Plano
What is the median home value in Plano?
About $465,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plano?
Homeowners pay a median $6,700 a year, which is about 1.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Plano?
For the median home with 20% down at 7.11%, the payment is about $3,261 a month. Keeping that under 28% of gross income takes about $139,737 a year.
More about Plano
- Mortgage Refinance in Plano
- Debt Relief in Plano
- Home Equity Loans in Plano
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data