Sell Your Commercial Property In Frisco, TX

Who rents in Frisco

Frisco is a young, high-income suburb that is still growing quickly. The Census Bureau's 2020–2024 American Community Survey counts 219,304 residents in 77,208 occupied homes, and the city's own monthly population estimate is now 249,511, with a projected build-out of about 330,000. Renters occupy 26,330 homes, or 34.1%, below the 39.9% renter share for the Dallas-Fort Worth-Arlington metro in the same survey. Median household income is $150,212, about $60,000 above the metro median of $90,275.

Frisco renters live mostly in large complexes. ACS table B25032 shows 18,439 renter households, or 70.0%, in buildings of five or more units, and 46.1% of all renters in complexes of 50 units or more. Another 19.5% rent detached houses, and just 4.2% rent in duplexes, triplexes or fourplexes. The typical Frisco renter is in a professionally managed, amenity-rich community, and that sets the standard every other rental property is measured against.

What drives demand

Frisco has built its economy around corporate relocations and large mixed-use districts along the Dallas North Tollway and Sam Rayburn Tollway. Two projects define the city's identity. The Star is the 91-acre campus of the Dallas Cowboys world headquarters and practice facility. It includes the Ford Center, a 510,000-square-foot indoor athletic facility shared by the Cowboys, the City of Frisco and Frisco ISD, along with a hotel, offices, shops and restaurants. PGA Frisco, a 600-acre development built through a partnership of the PGA of America, Omni Hotels and Resorts, the city and Frisco ISD, includes four golf courses and is scheduled to host the 2027 PGA Championship.

Those districts bring office, hospitality and event jobs, while retail employers around Stonebriar Centre and the tollway corridors add service-sector workers who rent. Newly relocated employees and young households who are not yet ready to buy in one of the region's higher-priced housing markets keep apartment demand steady. The city's own growth projections show room for tens of thousands of additional residents before build-out.

Rents and affordability

Frisco rents sit well above the region's. Median gross rent, including tenant-paid utilities, is $2,014 a month in the 2020–2024 estimates, $400 above the metro median of $1,614. ACS table B25031 shows the premium across every unit size:

Source: U.S. Census Bureau, ACS 5-year estimates 2020–2024, via Census Reporter. Studios rent above one-bedrooms at the median, which reflects new studio product in mixed-use districts such as The Star District and Frisco Square. The two-bedroom premium over one-bedrooms is about $510, and three-bedroom units reach $2,624, a sign of family demand for larger rentals.

High incomes do not eliminate rent stress. Among Frisco renters, 43.8% spend 30% or more of income on gross rent and 19.0% spend half or more. Rent levels this high leave less room for increases, and new supply gives tenants options, so concessions at lease-up properties can pull down effective rents across a submarket.

The apartment stock

Frisco's housing is new. The median home was built in 2009, 81.5% of units date from 2000 or later, and 40.0% were built in the 2010s alone. Another 5,373 units, 6.7% of the total, were built in 2020 or later, while only 1.5% predate 1980.

That age profile shapes the next decade. The 2000s produced 27,976 units and the 2010s 32,151, so a large share of Frisco's complexes are now 10 to 25 years old. Buildings from the early 2000s are reaching their first major replacement cycle for roofs, HVAC equipment, water heaters, appliances and parking surfaces, and buyers will ask how much of that work has been done. A seller who can show replacement dates and costs gives a buyer less reason to hold back reserves from the price.

ACS table B25024 counts 80,353 housing units, of which 20,546, or 25.6%, are in buildings of five or more units. The multifamily stock is concentrated at the large end: 13,702 units, two-thirds of the multifamily total, are in complexes of 50 or more. Only 1,181 units sit in 5–9 unit buildings and 2,405 in 10–19 unit buildings, with 3,258 in 20–49 unit buildings. Small apartment buildings are rare in Frisco, which gives them scarcity value but also means fewer local comparable sales when it comes time to price one.

The submarkets named on our Frisco page differ mainly by age and setting. The Star District and Frisco Square hold mixed-use, mid-rise product near offices and entertainment. Stonebriar, in the south near the mall, has more of the city's established garden complexes. Little Elm, to the west, is a separate town and is not included in these figures.

Property taxes on apartment buildings

Texas has no state property tax. As the Comptroller explains, the appraisal district sets market value and local units levy taxes on it. Frisco straddles Collin and Denton counties, so a building's county determines which appraisal district values it and which county and college rates apply. On the Collin County side, the Collin County Tax Assessor-Collector's 2025 summary lists these rates per $100 of value:

• City of Frisco: $0.425517
• Frisco ISD: $1.019400
• Collin County: $0.149343
• Collin College: $0.081220

Combined, a Collin County property in Frisco ISD pays about $1.68 per $100, or roughly 1.7% of appraised value. A building appraised at $3 million would owe about $50,300 a year. Denton County parcels pay Denton County's rate rather than Collin County's, and the school district can also differ.

Because most Frisco apartments are in large, newer complexes, many exceed the value threshold in Tax Code § 23.231, which limits yearly appraisal increases to 20% plus new improvements only for non-homestead property at or below a threshold, $5 million for 2024 and indexed after that. Smaller buildings may qualify, but the limit ends when the property is sold. Owners can protest each year by May 15 or 30 days after notice, whichever is later, according to the Comptroller.

Landlord rules

Frisco cannot adopt rent control unless it finds a disaster-related housing emergency and the governor approves the ordinance, under Local Government Code § 214.902. State law governs deposits and evictions: refunds are due within 30 days of move-out under Property Code § 92.103, bad-faith retention can cost $100, three times the amount withheld and attorney's fees under § 92.109, and § 24.005 requires three days' written notice to vacate before an eviction filing unless the lease sets another period.

What this means if you own a building here

Frisco owners benefit from very high incomes, rents well above the metro and continuing population growth. The trade-off is competition: renters can choose among new, amenity-heavy complexes, and new deliveries can push concessions. Smaller buildings stand out for their scarcity, but buyers will price them on in-place rents, not on the city's headline growth.

To test a price, use our cap rate calculator and apartment building value calculator, and review our capital gains tax calculator before you sell. Skyline Capital Investments buys 5+ unit buildings across Frisco, including The Star District, Frisco Square and Stonebriar, and in nearby Little Elm. Our seller page explains how we underwrite.

Before you list, assemble trailing twelve-month income and expenses, a current rent roll with concessions shown separately, and the last two appraisal notices. In a market where buyers can compare your rents against new complexes down the street, clear evidence of effective rent and renewal rates carries more weight than asking rents.