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Plano in the News

Money is Flooding into Oak Lawn

Money is Flooding into Oak Lawn

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This past week, Oak Lawn in Dallas has seen notable developments in its real estate landscape. A significant highlight is the proposal by Trademark Property Co. to build a 415-unit luxury apartment complex at 3900 Lemmon Ave. This development, which recently received...

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Oak Lawn’s Skyline is Set to Soar

Oak Lawn’s Skyline is Set to Soar

Exciting times are ahead for Oak Lawn as real estate developer UDR announces that the FAA has given the go-ahead for a stunning 25-story residential tower at 2743 Turtle Creek Blvd (next door to the Mansion). The FAA’s approval was required because the building,...

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Plano Community Demographics:

Plano, Texas, located about 20 miles north of downtown Dallas, is a thriving city renowned for its top-rated schools, robust economy, and exceptional quality of life. With a mix of corporate headquarters, family-friendly neighborhoods, and vibrant cultural amenities, Plano is a dynamic community that appeals to families, professionals, and retirees alike. Below are key demographic highlights:

Population Overview

• Total Population: ~290,000 residents

• Median Age: 38 years old

• A balanced mix of families, young professionals, and retirees.

• Diversity:

• White (Non-Hispanic): ~50%

• Asian: ~20%

• Hispanic/Latino: ~15%

• Black/African American: ~10%

• Other/Mixed: ~5%

Income & Employment

• Median Household Income: ~$110,000

• Employment:

• Home to several Fortune 500 companies, including Toyota North America, JPMorgan Chase, and Liberty Mutual.

• Major industries include technology, finance, healthcare, and retail.

• Known as a business-friendly city with a thriving corporate ecosystem.

Education

• Education Levels:

• Bachelor’s Degree or Higher: ~60%

• Residents are highly educated, with many in executive, managerial, and technical roles.

• Schools:

• Served by Plano Independent School District (PISD), one of the top-rated districts in Texas, with a reputation for academic excellence.

• Multiple private and charter school options, along with higher education institutions like Collin College and proximity to the University of Texas at Dallas.

Housing Market

• Median Home Value: ~$450,000

• Average Rent: ~$2,200–$3,500 per month for apartments and single-family homes.

• Homeownership vs. Renting:

• Homeowners: ~65%, with a wide variety of housing options catering to families and professionals.

• Renters: ~35%, including young professionals and corporate relocations.

• Housing Types:

• Single-family homes dominate the market, with a mix of modern and traditional styles.

• Upscale apartments and townhomes in urban developments like Legacy West and Downtown Plano.

Lifestyle & Amenities

• Shopping & Dining:

• Legacy West: A premier destination for shopping, dining, and entertainment, featuring high-end retailers and restaurants.

• The Shops at Willow Bend: A popular shopping mall with luxury and boutique options.

• Vibrant local dining scene, including Tex-Mex, Asian fusion, and farm-to-table restaurants.

• Parks & Recreation:

• Over 80 parks, including Arbor Hills Nature Preserve and Oak Point Park, offering miles of trails, scenic views, and outdoor activities.

• Numerous recreational facilities, golf courses, and sports complexes.

• Cultural Attractions:

• Plano Arts Center and the Interurban Railway Museum provide cultural enrichment.

• Hosts annual events like the Plano Balloon Festival and AsiaFest.

Transportation

• Proximity: Strategically located near major highways, including US-75 and the Dallas North Tollway, making commutes to Dallas and other cities convenient.

• Public Transit: Served by DART light rail and bus routes.

• Commuter-Friendly: Close to major business hubs and DFW International Airport, ~25 minutes away.

Community & Culture

• Family-Friendly: Plano is known for its safe neighborhoods, excellent schools, and numerous family-focused activities.

• Pet-Friendly: Dog parks, walking trails, and pet-friendly dining options are abundant.

• Business-Friendly: With a thriving economy and major employers, Plano is a magnet for professionals and corporate relocations.

Notable Statistics

• Marital Status:

• Married: ~60%

• Single: ~30%

• Other: ~10%

• Household Composition:

• Average household size: 2.9 people.

• A mix of families, young couples, and professionals.

Key Highlights

• Education Hub: Top-rated schools and proximity to higher education attract families and students.

• Corporate Magnet: Home to major corporations and a thriving job market.

• Outdoor Lifestyle: Parks, nature preserves, and recreational facilities provide a wealth of outdoor activities.

• Urban Convenience: Upscale shopping and dining in developments like Legacy West and Downtown Plano cater to an urban lifestyle.

Plano offers the perfect balance of suburban comfort and urban convenience. With its exceptional schools, vibrant economy, and diverse housing options, Plano is a top choice for families, professionals, and anyone seeking a high quality of life in North Texas.