Although the city of Plano may sound like the name of a cleaning product, it is actually a city with a high demand for renters moving to the Dallas area. Plano is home to about 100 different rental properties, including apartments, townhomes, garden-style homes, and mid-rise rentals. Each property has an average of 200 units, for a total average of 20,000 units in the city. An average of 2 people live in each unit, for a total average of 40,000 tenants. Considering that the city of Plano TX only has a population of 259,841 (as of 2012), over 40,000 renters represent a large percentage of Plano TX residents who live in apartments. Obviously, apartments in Plano TX are in high demand.
Many of these properties could be considered luxury apartments. Luxury apartments in Plano are typically higher quality, newer in construction, and provide superior amenities and services. Whether the renter is looking for an average apartment in Plano or a luxury apartment in Plano, TX, the population of the City of Plano continues to increase each year according to census records, and the demand for more rental properties is met by the continuous construction of more and more units.
Undoubtedly, the high demand has to do with the city of Plano itself being such a desirable place to live, combined with the thousands of rental options and variety to choose from. In fact, many authorities rank Plano as one of the best places to live, scoring top marks in all the criteria that matter most to people: the unemployment rate, the affluent condition of the city compared to poverty levels, education, crime and security. , cultural diversity, housing options (including plenty of rental options), and access to arts and entertainment.
Areavibes.com recently named Plano the number ONE place to live in 2011. Forbes also chose Plano as one of the top three suburbs to live well. The US Census Bureau and CNN Money also listed Plano as one of the wealthiest cities. So it’s no wonder that the city of Plano, TX has caught the attention of so many renters looking for premium apartments in the Dallas metropolis. If you need to rent an apartment, why not choose one in the BEST city with the highest ratings?
How did organizations like CNN Money, Forbes and Areavibes.com come to the conclusion that Plano, Texas is one of the best cities? Here are some of the criteria they considered:
- The unemployment rate in Plano TX is well below the state average.
- Plano is one of the most affluent cities in the entire United States, with a median household income of more than $103,000.
- Not only is the median income high, but also the poverty level is 65% lower than the national average. Crime increases in areas where there is a large gap between a large high-income sector and a large poor sector. But Plano has a very small gap with low levels of poverty. This brings us to the next point.
- Forbes named Plano the safest city in America with a population of over 250,000.
- Plano residents are highly educated, with more than half of the population having a bachelor’s degree or higher. This is well above the national average.
- The median age of Plano residents is below the state average of 37 years. Plano has a younger population. Given that the average age of renters in the state of Texas is around 30 years old, it becomes clear why these young renters would be drawn to a younger city.
- Plano is very culturally diverse.
- Plano has good schools. Plano TX students score 8% above the state average on reading tests and 13% above average on math tests.
- Plano is home to many different corporate headquarters including: Cinemark Theatres, Dell Services, Frito-Lay, Ericsson, Capital One, Alliance Data, Dr Pepper Snapple Group, Bearbox Software, HP Enterprise Services, JC Penney, Pizza Hut, Siemens and many more .
- Plano also offers over 5,600 restaurants within a 15 mile radius, 69 movie theaters within a 15 mile radius, 172 golf courses within a 30 mile radius, 5 public libraries, 53 public parks, a large public dog park 2-acre estate that has become very popular with area dog owners, a downtown area that offers a collection of antique shops, offices and historic buildings in a beautiful setting, 2 new and popular shopping malls, 2 DART stations for public transportation and community events like the annual Plano Balloon Festival and The Plano International Festival.
- It’s clear why apartments in Plano TX are in high demand. The city is recognized as a superior place to live. Plano offers everything and more a renter could want, with over 20,000 rental units to choose from.
Each of the thousands of available rental units is completely unique in its price range, design, amenities, Plano location, and tenant requirements. Stopping at every one you see or hear is not only a huge waste of time, but there is also a high risk that you will miss out on the real property that is the perfect match for you.
Save yourself wasted time, gas, and undue frustration and ensure you end up in the best apartments that Plano, TX has to offer. Let the experts at J. Ellis Apartment Locators help you with their FREE apartment locator services. They have insider information on every property in the entire DFW area. Whether you’re looking for an urban mid-rise, townhome, or one of the luxury apartments in Plano, TX, your J. Ellis Dallas Apartment Locator knows exactly where the best property for YOUR criteria lurks. Get started today!
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