Texas · Dallas-Fort Worth-Arlington, TX metro area

Buying a home in Frisco, Texas

In Frisco, the median value of owner-occupied homes is $642,100, Collin County's effective property tax rate is 1.58%, a purchase mortgage carried a median $8,398 in total loan costs in 2025, and median gross rent is $2,014 a month.

Data as of : Census ACS 2020-2024, Census Vintage 2024, HMDA 2025, HUD FY 2027. Sources

Frisco home costs, fact by fact

About Frisco

Frisco lies in the Dallas-Fort Worth-Arlington, TX metro area, ranked 4th among U.S. metro areas, and is an incorporated city in Texas. HUD's Fair Market Rent for a two-bedroom in Collin County is $1,807, while median gross rent is $2,014 per month. Owners estimate the median home value at $642,100, which is not a sale price, and 65.9% of homes are owner-occupied.

Reading the Frisco figures

Frisco sits far above the rest of Texas on value. Owners put the median home at $642,100, while the state figure is $318,100. The nearest covered city is Austin, where owners report $555,300. McKinney reports $471,800, lower again. Frisco clears each by a wide margin. These are owners' estimates rather than recorded sale prices, so treat them as a read on what residents believe their homes are worth, not as a listing price.

Rent narrows the gap. The census median is $2,014 a month, and cities with far lower home values come close to it. Allen shows $1,932. Sugar Land shows $1,957. Dallas sits well below, with $1,472. HUD publishes $1,807 for its smaller-home tier in the Dallas metro zone, plus $2,275 for the larger tier, and Frisco's median rent lands between the two. That benchmark is federal guidance, not a market median, so it frames the census number rather than replacing it.

Roughly 65.9% of households own. The Woodlands reaches 72.5%, a higher share. Plano sits lower with 56.9%, and Austin lower still with 43.4%. A city with the steepest values in this comparison still has an owner share that most larger cities cannot match, which suggests buyers here commit to ownership in numbers.

For a buyer, the tax side deserves a careful read. Collin County's median annual bill is $7,521, set by an effective rate of 1.58% on homes valued, at the county median, at $475,600. Frisco's own median value sits higher than that county figure, so the county bill is a starting point and not a ceiling for a typical Frisco purchase. Expect your own bill to hinge on the assessed value of the specific home.

Loan costs add another layer. In 2025 the county recorded 16,816 loans, with total costs of $8,398 at the median. The middle of the distribution ran from $5,772 up to $12,382, a range wide enough that two buyers on the same street can receive very different closing-cost sheets, depending on points, lender fees and loan type. Shopping among lenders matters here more than in cities where the range is narrow.

Frisco counts 235,208 residents, so it is a large city by the standards of this comparison, and the high values apply to a sizable base of households rather than a handful of homes. Plano has more, 293,286, while McKinney has fewer, 227,526. The city belongs to the Dallas-Fort Worth-Arlington metro area, ranked 4th nationally with 8,344,032 people, and it spans 2 counties. The tax and loan figures here come from Collin County alone, so a home across the county line may follow a different schedule.

Calculate for Texas

If you buy

Texas state transfer tax

Texas has no real estate transfer tax. Change the price: the amount is recalculated instantly.

Price$318,100
State transfer tax$0
Share of the price—

Default price: the Texas median value of owner-occupied homes, $318,100 (Census ACS 2025). Rule: No transfer tax exists. Buyers pay county recording fees and a state-set title insurance premium. Who pays: No transfer tax to assign. Recording fees and the title insurance premium appear on the closing statement. Not included: county and city transfer taxes, recording fees, title insurance and lender charges. Texas transfer tax guide · all 50 states.

If you sell

Capital gain and the federal tax on it

Same federal rule in every state: Section 121 of the Internal Revenue Code excludes up to $250,000 of gain on a main home ($500,000 for a married couple filing jointly).

Capital gain$350,000
Section 121 exclusion$250,000 (limit $250,000)
Taxable gain$100,000
Type of gainLong-term (owned over 1 year), 15% chosen
Federal tax on the gain$15,000

Section 121 excludes $250,000; the rest is taxable.

Gain = sale price minus your adjusted basis (purchase price, buying costs and improvements); selling expenses reduce it (IRS Publication 523). Long-term rates for sales in 2026, by taxable income including the gain (IRS Rev. Proc. 2025-32, section 4.03): 0% up to $49,450 single or $98,900 married filing jointly, 15% up to $545,500 single or $613,700 jointly, 20% above. Not included: Texas state income tax on the gain (not computed), the net investment income tax, depreciation recapture on a rental or home office, and the reduced exclusion for an early sale. Agent commissions are negotiated and never set by law. Capital gains on a home sale.

Questions about buying a home in Frisco

How much is property tax in Frisco?

Homeowners in Collin County pay a median $7,521 a year in property tax, 1.58% of the county median home value of $475,600 (Census ACS 2020-2024). Your bill depends on your assessed value and local rates.

What are closing costs on a mortgage in Frisco?

Home-purchase mortgages in Collin County carried median total loan costs of $8,398 in 2025; half of the 16,816 loans fell between $5,772 and $12,382 (HMDA). Total loan costs are the lender and settlement-service charges of the Closing Disclosure; transfer taxes and prepaid items come on top.

Is there a transfer tax when you buy a home in Frisco?

Texas has no real estate transfer tax. Article VIII, Section 29 of the Texas Constitution, added November 3, 2015, says no law enacted after January 1, 2016 may impose a transfer tax on a transaction that conveys fee simple title to real property.

Is it cheaper to rent or buy in Frisco?

It depends on your mortgage rate, down payment and how long you stay. As a benchmark, the median value of owner-occupied homes in Frisco ($642,100) equals 26.6 years of the median gross rent ($2,014 a month), both from Census ACS 2020-2024.

What natural hazards affect home insurance in Frisco?

Across Texas, the main hazards for home insurance are flood, tornado, wind and hail, and the insurer of last resort is Texas FAIR Plan Association (TFPA). Texas gets more tornadoes than any other state, according to the Texas Department of Insurance; on the coast, windstorm coverage comes from a separate policy, often from TWIA, in 14 coastal counties plus part of Harris County.

Run your own numbers: rent vs buy calculator · closing costs calculator.

Texas rules that apply in Frisco

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Sources

Texas · All states · Federal guides