Real Estate Investing in Plano, Texas (75023)
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Should you buy in 75023 (Plano, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Plano, TX (75023)?
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Market Analysis: 75023 Plano
ZIP 75023 in Plano, TX carries a sturdy set of headwinds. Home values near $417K and rents of $1,780/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $417K asset, 75023 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 75023 and stronger Plano ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 75023 includes headwinds that any investor should price in. Income distribution skews lower than Plano averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 75023 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Plano:
Property Strategy for 75023
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $285,159 | $2,200 | 5.6% | +5.0% | $142,580 |
| 3BR | $371,786 | $2,770 | 5.4% | +6.0% | $123,929 |
| 4BR | $502,700 | $3,520 | 5.0% | +7.2% | $125,675 |
| 5BR | $651,310 | — | — | +8.1% | $130,262 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 75023 Compare?
| Metric | 75023 | Plano | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $417,030 | $527,113 | N/A | $297,000 |
| 5-Year CAGR | 3.5% | 4.2% | N/A | 5.4% |
| Avg Rent | $1,780 | $1,768 | N/A | - |
| Cap Rate | 3.3% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 75023 (Plano, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 75023 (Plano, TX)?
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Property managers serving Collin County
Manage rentals here? List your business →North Texas Property Management offers residential property management services for rental properties and single-family homes in Plano, McKinney, and Allen. summary from their website
Park One Properties provides property management services and leasing. summary from their website
Plano Property Management offers property management services in Plano. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $417,030 |
| Monthly Rent | $1,780 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | -0.6% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -6.1% ▼ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | +1.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 75023
Population: 48,878
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 75023
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,656 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Plano, TX a good market for buy-and-hold investors?
Investors tracking Plano, TX will find a 3.0/5 rating supported by $417K median home values and $1,780/mo rents. That profile suits long-term holders targeting even-keeled returns.
How do experienced investors play Plano, TX?
The best-fit strategy in Plano, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are rents high in Plano, TX?
Rents in Plano, TX run near $1,780/mo. Compared with median home prices of $417K that produces solid gross yields for typical rentals.
Can I live-in-and-rent in Plano, TX?
House hacking in Plano, TX is a challenging. With home values around $417K and rents at $1,780/mo, owner-occupants can offset a meaningful share of PITI.
Is housing expensive in Plano, TX?
Plano, TX home values average about $417K. That price point suits investors targeting rentals with $1,780/mo in monthly income.
You know 75023 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 75023 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 75023 ranks in Dallas-Fort Worth-Arlington, TX
Every ZIP in this metro, ranked. Free.
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