Investment metrics, interactive calculators, and data-driven analysis for Plano rental properties.
Pre-filled with Plano medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Plano.
Plano, TX has a population of 289,710 and has been growing at 1.6% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $420,000 paired with median rents of $1,900/mo produces an estimated cap rate of 2.55%.
Property taxes at 1.82% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 4.8% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 4.4x, homes cost about 4.4 times the local median income of $96,400. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 3% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Plano is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.