The location of your new home is a major factor in your buying decision, and it is wise to carefully examine an area before you decided which town to move to. Location can impact everything from your quality of life, the cost of living and the cost of real estate to crime rates, the quality of schools and more. If you are thinking about relocating to the Plano area north of Dallas in the near future, you may be wondering what this community has to offer. As a suburb of Dallas, it offers a relaxed living experience with easy access to metropolitan culture, job opportunities and more. You may need to learn more about the city to determine if this is the place where you want to live.
Types of Home Loans Available in Plano
Applying for a home loan is a critical step in the home buying process for many people. Mortgage options available in Plano may be a key aspect of your buying decision as well. The home loan options available are similar to those available in most other areas of the country. You will find competitive fixed and variable interest rates through various loan programs. This includes VA, FHA and conventional loan programs. Loan terms typically range from 15 to 30 years, but there is some variation to this through some loan programs.
Median House Prices
Plano is considered a higher end suburb of Dallas, and there are many affluent individuals and families who live in this area. Nonetheless, there are also affordable home prices in several beautiful neighborhoods in Plano. The U.S. Census Bureau states that the median home price in Plano is approximately $231,600. Most homes in the area are single family homes, but you may find some condos and other types of residential dwellings to choose from while exploring the area with your real estate agent.
Median Income in Plano
By learning more about the median income in the area, you can better determine how you will rank financially with your friends and neighbors if you move to Plano. Because Plano is rather affluent, you will discover that the median income in the area is significantly higher than in the downtown Dallas area. The median income in Plano is approximately $42,000, and the average income per household is $83,793 based on U.S. Census Bureau data.
Quality of Schools in Plano
If you have children, you are understandably concerned about their quality of education, and you may be interested to know how the public schools in this area are rated. The Plano Independent School District has 72 schools at the elementary, middle and high school levels. These schools are well-known academically, and some have distinguished honors. For example, Plano Senior High School and Plano East Senior High School were both ranked in 2012 in the top 250 schools in Newsweek’s list of top schools in the country.
Crime Rates in Plano
Plano is one of the safer suburban communities in the Dallas metropolitan area with an exceptional crime rate. It ranks lower than the national average in all primary areas, including murder, rape, robbery and assault. In the last year, there were approximately 430 violent crimes and 5,100 property crimes in Plano. It has a crime index of 37 out of 100. Your chance of being involved in a violent crime is one in 655 in Plano and one in 243 in Texas. As you can see, this is a city that you can generally feel safe living it. However, it is nonetheless wise to be vigilant about your surroundings and protective of your personal property.
Trying to decide where to live in Texas or beyond is rarely easy. There are many gorgeous communities across the country and even in the primary Dallas metropolitan area that you could choose to relocate to. Plano is a city that ranks well with regards to crime, schools and more, and it gives you proximity to the Dallas area without immersing you in the primary hustle and bustle of the downtown area. With these and other important factors in mind, you can see that Plano is an excellent place to relocate to.