Home to Many Wealthy Residents, Plano Increasingly Appeals to a New Kind of Homeowner

One notable feature of the last recession and the subsequent recovery was how many of the negative effects were felt mostly by those lower on the income scale. In fact, people of above-average incomes were among the least affected of all, with many high-skilled, highly compensated jobs experiencing relatively few in the way of cutbacks and layoffs even in the depths of the recession.

That fact has had some important implications around the country. While many communities struggled in expected ways throughout the recession, with some only now truly recovering, high-income cities and suburbs typically fared much better. One especially pointed example of this can be found a little north of Dallas, as the Plano Texas real estate market remained strong throughout the last recession and continues to thrive today.

As longtime real estate specialist Roxanne DeBerry has noted, Plano's high median income insulates the area from many of the economic troubles that regularly afflict other parts of the state and country. The Roxanne DeBerry real estate agency experienced steady business right throughout the last recession, thanks to well-heeled buyers and sellers who were able to easily weather the broader economic trends.

Today, then, the real estate situation in the area is even stronger, as a quick look at home listings in Plano TX will make clear. Plano continues to be among the wealthiest cities in the country, and boasts schools, safety levels, and amenities that the average American could well be envious of.

Of course, all of these advantages do come with a price. Median home prices in Plano are naturally a good bit higher than in less illustrious communities even nearby, a fact that means that those of modest incomes must often think hard about the potential trade-offs involved in moving to the city.

Even so, some find that the sacrifices in terms of home size that might need to be made can easily be worth it. Families in this situation, for example, may come to feel that their housing investments will be more secure if they are made in a city like Plano where the market is more resilient, as compared to a community where more severe swings in valuation are to be expected.

Although Plano has earned a reputation for being a city of wealthy residents, then, even some of those of less impressive economic means can find it an attractive destination. This fact, some believe, could contribute to a change in the city's character over time, although the extent of the impact remains to be seen.