{"id":5727,"date":"2022-08-10T11:23:39","date_gmt":"2022-08-10T17:23:39","guid":{"rendered":"https:\/\/suggestedbylocals.com\/?p=5727"},"modified":"2023-02-23T10:03:24","modified_gmt":"2023-02-23T17:03:24","slug":"17-reasons-not-to-move-to-frisco-texas","status":"publish","type":"post","link":"https:\/\/suggestedbylocals.com\/17-reasons-not-to-move-to-frisco-texas\/","title":{"rendered":"17 Reasons Not to Move to Frisco, Texas"},"content":{"rendered":"\n
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Frisco of Texas of United States flag waving<\/figcaption><\/figure>\n\n\n\n

Friso, Texas is a city located just north of Dallas and was named the fastest growing city in 2020 by the U.S. Census Bureau. People are flocking to Frisco because of the family-friendly and small-town feel while still being close to a major metropolitan area. It was also voted by Money Magazine as one of the best places to live in the United States, but it isn’t the perfect dreamland.<\/p>\n\n\n\n

While Frisco, Texas has been rapidly growing, there are many negative things about the area. Some reasons to not live in Frisco include the high cost of living, elevated property tax, extreme weather, dense traffic, location, political homogeneity, HOAs, and small yards.<\/strong><\/p>\n\n\n\n

Understanding the pros and cons of this area will help you decide if Frisco is the right place for you.<\/p>\n\n\n\n

High Cost of Living<\/h2>\n\n\n\n

Many relocate to Frisco imagining a remote suburb where you can buy a brand new 4,000-square-foot home for under $300,000. While this may have been true 20 years ago, this is no longer the case. While Frisco has the feel of a suburban area, it truly is a major city.<\/p>\n\n\n\n

The median home price in Frisco is around $509,200. Brand new construction averages around $600,000. Older construction might be around $300,000, but even this is rare.<\/p>\n\n\n\n

Realtors remind clients that Frisco is a hot market, so one can expect to pay above the asking price, and bidding wars are common. Clients are paying above asking for all price points. <\/p>\n\n\n\n

Apart from the cost of homes, the cost of living index is 120 which is 20 points higher than the national average. <\/p>\n\n\n\n

The table below rates living costs individually. An amount below 100 means Frisco is cheaper than the US average. A cost of living index above 100 means Frisco, Texas is more expensive.<\/p>\n\n\n\n

Cost of Living<\/td>Frisco<\/td>Texas<\/td>USA<\/td><\/tr>
Grocery<\/td>104.4<\/td>93.7<\/td>100<\/td><\/tr>
Health<\/td>96.4<\/td>95.4<\/td>100<\/td><\/tr>
Housing <\/td>175<\/td>84.3<\/td>100<\/td><\/tr>
Median Home Cost<\/td>$509,200<\/td>$243,600<\/td>$291,700<\/td><\/tr>
Utilities<\/td>99.9<\/td>99.2<\/td>100<\/td><\/tr>
Transportation<\/td>92.8<\/td>103.3<\/td>100<\/td><\/tr>
Miscellaneous<\/td>92.2<\/td>96.4<\/td>100<\/td><\/tr><\/tbody><\/table>
(Source<\/a>)<\/figcaption><\/figure>\n\n\n\n

Construction Time<\/h2>\n\n\n\n

If you are looking to live in a brand new home, and hoping for it to be done in under a year, Frisco is not the right choice. While there is plenty of new development and construction, construction on new homes can drag on for months and often run behind schedule.<\/p>\n\n\n\n

Developers often make promises on large communities with rec centers and other HOA amenities, but be aware, that when living in a new development, it may be years before these amenities are available for use.<\/p>\n\n\n\n

High Property Tax<\/h2>\n\n\n\n

Property tax in North Texas typically ranges from 2-3% and just over 2% in Frisco which is higher than the national average of .73%. This means that on a $500,000 home, you would be paying at least $10,000 in property tax alone. It is reported that property taxes made up about 24 percent of Frisco homeowner costs in 2017. Additionally, sales tax is 6.25%.<\/p>\n\n\n\n

Some reasons for the high property tax are:<\/p>\n\n\n\n