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Plano, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,771
Monthly Cash Flow
-$1,437
Principal + Equity
$2,783
Annual Total Gain
$16,148
Cash on Cash
-13.84%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$204
Occupancy Rate
62.96%
Monthly Revenue
$2,524
Monthly Cash Flow
-$1,063
Principal + Equity
$2,783
Annual Total Gain
$20,635
Cash on Cash %
-10.24%
Net ROI %
Market Health & Growth
Median Income
$108,649
Population
287,339
LTR Renter %
43.37%
Forecast (1 yr)
-0.08%
Appreciation (1 yr)
-4.66%
Appreciation (5 yr)
42.42%
Appreciation (10 yr)
75.35%
Job Growth
1.65%
LTR Rentability
Moderate
STR Demand
46
STR Rentals
606
Top Public Schools
APioneer Technology & Arts Academy North Dallas
ALiberty High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Cities to Live in America
#6out of 229 markets
Best Cities to Retire in America
#6out of 229 markets
Cities with the Best Public Schools in America
#8out of 229 markets
A
Public School
C
Crime And Safety
B-
Housing
A-
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Plano, TX.
As of September 2021, Plano, TX does not have specific regulations in place for short-term rentals (STRs), such as those found on platforms like Airbnb or Vrbo. However, it is important for investors to be aware of potential future changes in regulations and to stay informed on any developments in this area.
While there are currently no specific regulations for STRs in Plano, investors should be aware of any zoning restrictions that may apply to their property. It is important to check with the city's planning department to ensure that the property is zoned appropriately for short-term rentals.
Additionally, investors should be aware of any homeowner's association (HOA) rules and regulations that may restrict or prohibit short-term rentals in a particular neighborhood. It is important to review the HOA's bylaws and covenants before purchasing a property for use as a short-term rental.
Investors should also consider the potential impact of taxes on short-term rental income. In Texas, short-term rental income is subject to state and local occupancy taxes, as well as sales tax. It is important to understand and comply with these tax obligations to avoid any potential penalties or fines.
Overall, while there are currently no specific regulations for short-term rentals in Plano, TX, investors should be aware of potential future changes in regulations, zoning restrictions, HOA rules, and tax obligations before investing in a property for use as a short-term rental. It is important to conduct thorough research and due diligence to ensure compliance with all relevant laws and regulations.
Market Trends Over Time
Explore 25 years of market data for Plano, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Plano, TX.
The LTR Genie Score of Plano, TX is 50 and the STR Genie Score is 49, indicating a moderate level of rentability for both long-term and short-term rentals in this market. The LTR Rent Growth Rate of 0.0365% suggests a stable rental market, while the STR Net ROI of 16.56% indicates a higher potential return for short-term rental investments compared to the LTR Net ROI of 12.96%. The 1-Year Price Appreciation Forecast of -0.08% may be a concern for investors looking for capital appreciation.
Plano, TX is a thriving city located in the Dallas-Fort Worth metroplex, known for its strong economy, excellent schools, and high quality of life. The city has a diverse population and a growing job market, making it an attractive location for real estate investment.
Based on the metrics provided, Plano, TX may be more attractive for short-term rental investments due to the higher potential ROI and occupancy rate. However, investors should consider the forecasted price appreciation and weigh the pros and cons of both long-term and short-term rental strategies before making a decision. It is recommended for real estate investors to conduct further research and analysis to determine the best investment strategy for their goals in the Plano market.
LTR Genie Score 93
$475,000
🛏 4 Beds🛁 3.0000 Baths🏙 2,615 sqft.🏠 SINGLE FAMILY