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Why Apartments in Plano TX Are in Demand!
While the city of Plano may sound like the name of a cleaning product, it’s actually a city in 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, with a total average of 20,000 units in the city. An average of 2 people live in each unit, with 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, then, apartments in Plano TX are in high demand.
Many of these properties could be considered luxury apartments. Luxury apartments in Plano are usually of higher quality, newer construction, and offer amenities and services beyond. 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 construction continued more and more units.
The high demand no doubt 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, with top ratings on all the criteria that matter most to people: the unemployment rate, the city’s wealth status compared to poverty levels , education, crime and security. , cultural diversity, housing options (including sufficient rental options), and access to arts and entertainment.
Areavibes.com recently named Plano the #1 Place to Live in 2011. Forbes also chose Plano as one of the top three suburbs to live well. The U.S. Census Bureau and CNN Money also named Plano one of the wealthiest cities. It is no wonder, then, that the city of Plano TX has attracted the attention of so many renters looking for prime apartments in the Dallas metropolis. If you must rent an apartment, why not choose one in the BEST city with the highest rating?
How did organizations like CNN Money, Forbes, and Areavibes.com come to the conclusion that Plano TX is a featured city? Below are some of the criteria they took into account:
- The unemployment rate in Plano TX is well below the state average.
- Plano is one of the wealthiest cities in all of America, with a median household income of more than $103,000.
- Not only is the average income high, but the poverty level is also 65% lower than the national average. Crime rises in areas where there is a large divide between a large sector of high income and a large sector of poverty. 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 high school education or higher. This is well above the national average.
- The median age of residents in Plano is below the state average at 37 years. Plano has a younger population. With the average age of renters in the state of Texas being around 30, it becomes clear why these young renters would be attracted 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 Theaters, 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 15 miles, 69 movie theaters within 15 miles, 172 golf courses within 30 miles, 5 public libraries, 53 public parks, a large 2-acre public dog park that has been in very popular with dog owners in the area, a central area that offers a collection of antique shops, offices and historic buildings in a beautiful setting, 2 new and popular shopping centers, 2 DART stations for transportation public and community events such as Plano’s annual 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 privileged 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 rental units available is completely unique in terms of price range, layout, amenities, location in Plano, and tenant requirements. Stopping at every person you see or hear is not only a huge waste of time, but there is also a high risk of missing out on the right real estate for you.
Save yourself the wasted time, gas, and undue frustration and make sure you get to the best apartments 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 throughout the DFW area. Whether you’re looking for a mid-rise urban apartment, a townhome, or one of the luxury apartments in Plano, TX, your J. Ellis Dallas apartment finder knows exactly where the best property is hiding that fits your criteria. Start today!
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