Report: Frisco homeowners have highest housing costs in Texas

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The average annual housing costs in Frisco total more than $30,000, the highest housing costs in the state of Texas, according to new data from the Real Estate Center at Texas A&M University.

The center studied 59 Texas cities based on the latest data from the US Census Bureau’s American Community Survey for 2017. The state’s average in housing costs for homeowners with a mortgage is $18,156 per year.

Frisco was followed by The Woodlands ($29,016), Sugar Land ($28,044), Flower Mound ($27,084), Cedar Park ($25,716) and McKinney ($25,008). Nearby cities of Allen and Plano also ranked within the top 10 of highest housing costs in the state.

“Property taxes imposed by cities, counties and school districts are important components of the state’s housing costs given that Texas does not impose a state income tax and relies mainly on sales and property taxes for public finance,” center research economist Ali Anari said in a news release.

Frisco’s average annual property taxes for homeowners in 2017 was $7,501, the second-highest in the state. Property taxes made up about 24 percent of Frisco homeowner costs, according to the study.

Bills filed in the state Legislature propose capping property tax revenue growth for cities, counties and school districts in an effort to relieve the tax burden on homeowners.

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Lindsey Juarez
Lindsey has been involved in newspapers in some form since high school. She graduated magna cum laude from the University of Texas at Arlington in 2014 with a degree in Journalism. While attending UTA, she worked for The Shorthorn, the university's award-winning student newspaper. She was hired as Community Impact Newspaper's first Frisco reporter in 2014. Less than a year later, she took over as the editor of the Frisco edition. Since then, she has covered a variety of topics and issues important to the community, including the city's affordable housing shortage, the state's controversial A-F school accountability system and the city's "Bury the Lines" efforts.
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