- Plano is the largest city in Collin County, and it is located 20 miles north of Dallas. Before settlers came to the area in the 1840s, the area was “Blackland Prairie covered horizon to horizon by tall grasses.” The first settlers came because of the opportunity to receive land grants; the city remained a rural farming community for most of its early beginning. The Houston and Texas Central Railway allowed the city to gain easy access to Dallas, Houston, and other major cities, which therefore allowed them to be exposed to more markets. Farming later on became second to large cotton farms and cattle ranches. Since those early years, Plano has flourished to become a city that offers a “dynamic community with excellent nationally recognized schools, 4,000 acres of parks, excellence in public safety, vibrant arts scene, historic downtown, entertainment districts, diverse cultural offerings, popular retail and thriving economy.” Plano is also home to many industrial giants, such as the likes of HP, Frito-Lay, Dr Pepper/Snapple, Capital One, Ericsson, Toyota, and JC Penney.
Plano Population Growth:
- Most recent total population: 278,480 (2014)
Plano Real Estate growth:
- Per Movoto, Plano’s home resale inventories increased by 6% since June 2017. The median listing price in Plano is $430,000. The cost of living index in Plano, Texas is 120.70 via BestPlaces, which is above the national average. According the official Plano site, Plano does have low property taxes, and the City allows residents a “significant homestead exemption, enabling Plano to have the lowest tax rate in the DFW metro.”
Major Attractions in Plano:
- Toyota HQ: Toyota invested $10 billion to create their new state-of-the-art headquarter in Plano. The move has created over 4,000 new jobs for Texans and has put the city on the map regarding the motor vehicle industry.
- Arbor Hills Nature Preserve: The beautiful preserve is 200 acres in size and is a perfect location for nature walks, hiking trips, and other outdoor activities. There are both paved recreational trails, as well as natural unpaved trails that are designated only for pedestrians.
- Aqua Shop Indoor Surfing: This location gives customers the ability to take on the FlowRider and experience a thrilling indoor surfing experience. This innovative approach to water sports is a fun opportunity to help people learn how to surf on a micro scale and also learn how to do some impressive tricks.
New Businesses in Plano:
- Boeing: The aircraft manufacturing has decided to move its headquarters to Plano, specifically the West Legacy area. Plano’s low property taxes served as an ideal location for its mass expansion and will also provide many jobs to local Texans.
- JPMorgan Chase & Co: The leading global financial services firm has decided to create a new facility to move 6,000 of its employees. The project is estimated to have cost more than $300 million and will take up around 1 million square feet.
FUN FACT: In 2016, Plano was named 3rd ‘Best Place to Live in America’ by Money Magazine.
If you or a family member are in need of a real estate attorney in the Plano area, the lawyers at The Farah Law Firm will work diligently to assist you in your time of need.