How much home can you afford in Plano? – Dallas Business Journal

From a top-tier school district to an expansive food hall to multiple headquarters, Plano is giving homebuyers plenty of reasons to head to Collin County.

The city has long been home to big businesses like J.C. Penney and Frito-Lay, but in recent years it has also attracted the North American headquarters for Toyota, as well as massive corporate offices and regional campuses for companies like Fogo de Chão, FedEx Office, JPMorgan Chase, Liberty Mutual Insurance and Boeing.

That’s thanks largely to the construction of Legacy West, a $3.2 billion mixed-use development on Plano’s west side. Developed by Fehmi Karahan, the 225-acre project is home not only to offices, but hotels, residences and plenty of retail and restaurant options, like a Tesla showroom, a Del Frisco’s Double Eagle Steak House and Shake Shack.

Legacy Hall, North Texas’ first European-style food hall, also opened at the development in December. The three-story, 55,000-square-foot hub features 22 food stalls, half-a-dozen bars and a brewery.

“The experience that our environment offers is second to none, anywhere in Texas. We have the best dining choices for all budgets and tastes, and a broad selection of marquis retailers,” Karahan said in a prepared statement. “Blending these shopping and dining venues with our residential and office tenants makes Legacy West the premier ‘live/work/eat/play/shop’ destination in Texas.”

It’s also helped make Plano a top live/work/play destination in North Texas. Residents are flocking to take advantage of its amenities. Between 2010 and 2015, the city saw a 9.1 percent population spike.

The growing populations is leading to an increase in housing prices. According to Tommy Wooten, realtor associate and team leader with Joe Atkins Realty-North, only two homes in Plano are available for less than $200,000.

And for buyers looking for a something for under $300,000, expect a three-bedroom, two-bathroom home built in 1981. Newer, larger homes are going for higher prices due to demand.

That’s why Wooten is encouraging those interested in moving to Plano to act fast – prices won’t be going down.

“I advise people not to wait for a market crash,” he said. “It’s not happening unless there is some unforeseen international or national crisis.”

See how much home you can buy between $200,000 and $2 million in the slideshow above.

Or if you’re looking for an ultra-luxury residence, check out this 14,279-square-foot Plano home previously listed for $7 million. Located on Old Gate Road, the property is headed to auction in April.

Largest North Texas Homebuilders

Ranked by # of Local New Home Closings in 2016

Rank Business Name # of Local New Home Closings in 2016 1 D.R. Horton Inc. 4,320 2 Highland Homes- Dallas LLC 1,456 3 Lennar Corp. 1,321 View This List

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