The typical owner-occupied home in Frisco is worth about $642,100, 2.3 times the Texas median of $283,800 and 93% above the national median of $332,700. Owners pay a median $9,572 a year in property taxes, about 1.49% of their home's value, close to the Texas rate of 1.49%. The median household earns $150,212 a year, so the median home costs 4.3 times the median income (3.6 times for Texas). 66% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Frisco at a glance
| Frisco | Texas | U.S. | |
|---|---|---|---|
| Median home value | $642,100 | $283,800 | $332,700 |
| Median property tax paid per year | $9,572 | $4,232 | $3,119 |
| Property tax as a share of value | 1.49% | 1.49% | 0.94% |
| Median household income | $150,212 | $78,476 | $80,734 |
| Homes lived in by their owners | 66% | 63% | 65% |
| Owner homes with a mortgage | 75% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $3,386 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 21.7% | 21.0% |
| Median rent | $2,014 | $1,403 | $1,413 |
| Rent as a share of renters' income | 28.1% | 30.9% | 30.6% |
| Median year homes were built | 2009 | 1992 | 1980 |
| Vacant homes | 3.9% | 9.4% | 10.1% |
| Population | 219,304 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Frisco
At this week's average 30-year rate of 7.11%, buying the median Frisco home of $642,100 with 20% down costs about $4,520 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,590, 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 $193,731 for the 20%-down payment. That payment is 36% of the median Frisco household income of $150,212; at that income and 20% down, the 28% guideline points to a home of about $498,000.
The median rent here is $2,014 a month, so owning the median home costs about $2,506 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $128,420 |
|---|---|
| Loan amount | $513,680 |
| Principal and interest | $3,456 |
| Property taxes (1.49% a year) | $797 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| PMI | $0 |
| Total per month | $4,520 |
Change the numbers in the calculator
| Down payment | $22,474 |
|---|---|
| Loan amount | $630,470 |
| Principal and interest | $4,241 |
| Property taxes (1.49% a year) | $797 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| FHA mortgage insurance | $284 |
| Total per month | $5,590 |
Change the numbers in the calculator
Questions about home buying in Frisco
What is the median home value in Frisco?
About $642,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Frisco?
Homeowners pay a median $9,572 a year, which is about 1.49% 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 Frisco?
For the median home with 20% down at 7.11%, the payment is about $4,520 a month. Keeping that under 28% of gross income takes about $193,731 a year.
More about Frisco
- Mortgage Refinance in Frisco
- Debt Relief in Frisco
- Home Equity Loans in Frisco
- 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