Quick facts: Frisco, TX

Quick Facts

99.5
Cost of Living
below US average
219,587
Population
14.36
Crime Rate per 1000
below US average
$144,567
Median Income
above US average
$825,000
Median House Price
above US average
$1928.91
Average Rent
above US average
3%
Poverty Rate
below US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $144,567.

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Income Needed to Buy

βœ— Stretch
$259k/year
Based on $825,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $259k vs median $144,567
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Income Needed to Rent

βœ“ Affordable
$83k/year
Based on $1928.91/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($144,567) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Frisco, TX

Frisco, Texas, located in both Collin and Denton counties, is a thriving suburban city known for its rapid growth and vibrant community. With a population of over 200,000, Frisco has transformed from a small farming community to one of the fastest-growing cities in the United States. The city is part of the Dallas-Fort Worth metroplex, making it a convenient location for residents who work in larger cities. Frisco offers a blend of urban and suburban living, complete with modern housing developments, shopping centers, and parks. The city is home to several professional sports teams, including the Texas Rangers' minor league team and FC Dallas, a Major League Soccer club. Additionally, attractions like The Star, a multi-use development featuring the Dallas Cowboys' headquarters, and Stonebriar Centre mall provide entertainment and dining options. Frisco also boasts an extensive park system and recreational facilities, supporting an active lifestyle for residents of all ages. With excellent schools, a strong economy, and a community-focused atmosphere, Frisco continues to attract families and young professionals seeking a quality living environment.

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