NOTE: This is the first of a series over the next week looking at how much home your money can buy in Collin County.
Looking for shorter commutes, good schools and access to amenities, many homebuyers are following the Dallas North Tollway to Frisco.
The burgeoning city has been planning for growth since at least the 1980s. Its schools were set in areas where they could expand without land constraints, and residential communities were developed around them.
To that infrastructure, add offerings like the Dallas Cowboys’ headquarters, dozens of retail and restaurant options and huge corporate campuses, and Frisco becomes a hot market for buyers who want to be close to live/work/play options.
“(Frisco has) a great business climate and is positioned well near Legacy West and the tollway. Access is easy,” added Jim Berrong, associate broker with Dave Perry-Miller Real Estate, an Ebby Halliday Real Estate company. “Dallas Fort Worth Airport isn’t that far away, and it’s close to loads of corporate campuses and a great school system.”
As buyers flock to Frisco, Berrong predicts already-strong demand for housing will continue growing in the city. And with demand, home prices are rising.
While buyers can find homes in the suburb cheaper than $200,000, Berrong suggests anyone looking for a typical three bedroom/two-bathroom house should be ready to spend up to $300,000.
To see how much home you can buy in Frisco for up to $500,000, click through the slideshow:
What your money can buy in Frisco
Tommy Wooten, realtor associate and team leader with Joe Atkins Realty-North, compiled a sampling of homes with price tags between $150,000 and $300,000. Berrong compiled a look at homes costing between $350,000 and $500,000, which you can find here.
For families or those looking for more square footage, a four-bedroom, three-bathroom home is going to push more toward $400,000. The home’s location and amenities could push costs up further.
Click here to see what you can buy in Frisco for between $500,001 and $1 million.
Alicia Schroeder, a realtor with Dave Perry-Miller Real Estate, compiled homes between $500,000 and $750,000. Ebby Halliday Realtors compiled homes costing between $750,000 and $1 million.
While Frisco tends to offer what Berrong calls “good old-fashioned neighborhoods,” if you have a little more in your wallet, the city does have a few estate-type homes. For a little over a million, buyers can find houses with amenities like wine cellars, chef-style kitchens and resort-style pools.
Nick Nordman, broker associate with The Nordman Group, an Ebby Halliday Realtors company, gives a peek at a few high-dollar homes in Frisco. Click here to see them.
Of course, when the housing market is hot in an area like Collin County, the effects are felt everywhere, including on people who aren’t intending to buy a home: apartment-dwellers. With big businesses like Toyota and Liberty Mutual booming in the northern suburbs, law firms, accounting agencies and other support companies are trickling south, opening offices in Dallas.
The population influx is in turn causing a demand for apartments in Dallas proper, says Jorg Mast, senior vice president with real estate services firm JLL. Uptown and Downtown Dallas are particularly hot, as they remain Dallas’ largest office markets.
As demand rises in each area, complexes are finding themselves jockeying for the same tenants. Amenities, from on-site dog grooming stations to floor-to-ceiling windows are becoming key.
But those luxuries, when coupled with demand, come at a price.
“Apartment prices increased about 7 percent this last year and for good reason,” said Drew Mancuso, co-owner of Dallas Apartment Locators.