Many people in Texas consider the Lone Star State the best place to live in the country, and the City of Frisco fits that bill.
Frisco is located north of Dallas in both Denton and Collin counties. As the 17th most populous city in Texas, the Dallas suburb is enjoying its merited reputation as the #1 city to live in America.
As recently as 1990, Frisco was a 6,000-person bedroom community. Today, its home to over 200,000 residents who have transformed it into one of the fastest-growing cities in the country.
From great amenities to family-friendly neighborhoods and a booming economy, the stylish community offers an exceptional quality of life in North Texas.
If you’re planning to move to Frisco, contact VIP Realty today and let out real estate agents make your relocation goals much simpler.
Pros and Cons of Living in Frisco
Exemplary schools - In matters of K-12 education, Frisco offers one of the best school districts in the country with top-notch public and private schools.
Robust economy - Living in one of the fastest-growing cities comes with its perks. Alongside a booming economy, residents enjoy a median income of over $112,000.
Entertainment - From spectator sports, shopping malls, parks, and museums, there's something for everyone in Frisco.
High cost of living - According to Best Places, the national average cost of living index is 100 while Frisco's is 120. Compared to Dallas, the housing prices in Frisco are higher.
Weather - Summertime in Frisco tends to average highs of 95°F. North Texas is also notorious for its extreme weather which includes tornados, flash flooding, thunderstorms, and hail.
City sprawl - Going from a sleepy bedroom community to a boomtown of over 200,000 residents comes with its drawbacks. This evident in the constant construction and population density.
Traffic - In the early 2000s, driving from the suburbs to the city took only five minutes. Today it can take as much as 15 minutes or more depending on traffic.
Public transportation - Unlike Plano and Dallas, Frisco does not have a public transit system.
How Did Frisco Become a Boomtown?
Frisco has come a long way to become one of the fastest-growing cities in the USA. From its humble roots in cattle driving, Frisco has today grown into a highly desirable suburb in the DFW metro area.
From the early 1990s, Frisco has grown 210% in both population and investments. A key factor in the growth is safety as Frisco is the second safest place in Texas to live and the 14th in the US.
Furthermore, Frisco has the sixth-lowest violent crime rate in the country at 163 per 100,000 residents.
Many factors have played a part in the dramatic growth of Frisco. They include the extension of the Dallas North Tollway to State Highway 121 in 1994.
This allowed the residents of Frisco quick access to Dallas and the outlying areas, and many residents view the extension as the catalyst to Frisco's transformation.
Since then, the roads have been getting wider and new buildings are getting taller. The growth and development of Frisco is poised to continue and by 2030, its population is predicted to reach 300,000.
Economy and Job Market
At the start of 2020, unemployment in Frisco was 3.2% compared to the national average of 7%. Analysts predict a future job growth of 55% in the next ten years.
Frisco is also a good place to live during a recession. A recent SmartAsset report based on housing, employment, and social help named Frisco the "most recession-proof city in the USA".
With that said, the city through its Chamber of Commerce supports its local businesses by offering several resources such as Inspire Frisco.
If you're looking to take your career to another level or you're looking for a job, top employers in the area include Oracle, T-Mobile, Frisco ISD, and several medical centers.
Recreation and Entertainment
As more people move to Frisco, spectator sports has bolstered the reputation of the area. In 2003, Frisco became the home of Frisco Roughriders - a minor league soccer team. Major league soccer team FC Dallas followed it two years later.
The complex has quickly become a cultural center point for Frisco with residents taking advantage of the many restaurants and retail outlets on-site.
In the meantime, the Professional Golfers Association of America (PGA) is currently building a 660-acre campus that it plans to open in 2022. The golf campus will make Frisco an epicenter for golf enthusiasts.
Keep the family busy all year round with a host of entertainment at the National Videogame Museum, Main Event, Jungle Joe's, and Frisco Paintball.
A significant amount of the land in Frisco is devoted to parks and recreational use. Explore Frisco parks such as Beaver Bend Park, F. Phillips Community Park, Frisco Commons, and Cottonwood Creek Greenbelt.
Shopping and Dining
Like many Dallas area suburbs, Frisco has its share of tasty dining options for foodies. You can drive two blocks on either side of the city and you won't miss something to eat.
Gloria's is a neighborhood favorite for foodies and their Salsa is a must-have meal. For fine dining, check out the 54th Street, Blue Goose, and 5th Street Cafe.
The Frisco area shines bright in matters of education. Niche ranks Frisco as the seventh-best school district in Texas with an 8+ rating. It's also the #1 rated school district in Collin County.
With roughly over 58,000 students, the student-teacher ratio is 15:1, and 98% of high school students tend to graduate. Top public schools in Frisco include:
- Ashley Elementary School
- Vandeventer Middle School
- Liberty High School
Private school options include Starwood Montessori Schools and Legacy Christian Academy. Degree-seeking or certification-seeking residents have access to Collin College - Frisco Campus.
The homeownership stats by census data paint a picture of happy residents; owners occupy 74% of Frisco's housing units in comparison to the national average of 64%. Frisco's median home value of $437,500 is higher than the national average of $289,600.
Meanwhile, Frisco's median household value is $127,133 which is significantly higher than the national average of $60,000. However, Frisco has no income tax, and the low property taxes make the area more attractive to buyers.
What's more, Frisco new construction homes are increasing thanks to award-winning builders such as Darling Homes, Coventry Homes, and CalAtlantic Homes among others. The top 5 neighborhoods in Frisco include:
Should You Move to Frisco?
Strong property values, as well as rental and occupancy rates, reflect the growing demand to call Frisco home.
Whether you're a first-time home buyer wanting to upgrade or looking for the perfect second home, Frisco real estate has what you're looking for.
Buyer Tip: New home builders in the DFW area start marking down their portfolio for end year financial reporting after Labor Day every year. The need to sell makes this the perfect time to look at builder homes as most of them are offering incentives or reducing prices.
VIP Realty would love to help you find your dream in Frisco. Feel free to browse all Frisco neighborhoods or contact us today for more information.Posted by Richard Soto on