By Rene Burchell
If you’re a New Yorker thinking about relocating to Frisco, I know the questions come fast: where to live, what it costs, and how buying works in Texas. I’ve helped relocating buyers settle into Frisco and the surrounding North Dallas communities, and I love walking people through the process step by step. Let me share what I tell every client who is considering the move from New York to Frisco.
Key Takeaways
- Frisco is a large, fast-growing city with a strong corporate job base.
- Texas has no state income tax, but property taxes and exemptions deserve a close look.
- The Texas option period gives buyers a built-in window to inspect and decide.
- Neighborhoods like Fields and Phillips Creek Ranch offer very different lifestyles.
Why New Yorkers Are Moving to Frisco
Frisco has about 249,511 residents and covers 69.1 square miles, and the city projects roughly 330,000 residents at full build-out. That room to grow is part of why so many relocating buyers find what they want here. Jobs are a big draw. Frisco’s Economic Development Corporation supported 14 corporate relocations and expansions in fiscal year 2025, with more than 3,100 jobs created or retained. Public Storage announced a headquarters move to Frisco’s HALL Park in March 2026, bringing about 300 jobs.
Where Relocating Professionals Are Working
- Corporate expansions: Deloitte, SoFi, and Toyota Financial Services are among the companies with new or expanded Frisco operations.
- Headquarters moves: Public Storage chose HALL Park for its headquarters relocation.
- Growing office space: More than 650,000 square feet was leased in fiscal year 2025.
Taxes and Costs to Understand Before You Buy
Texas has no state income tax, and many relocating buyers like that. Property taxes are the other side of the equation, so make sure you review the full picture before you decide.
Frisco’s city property tax rate for fiscal year 2026 is 0.425517, unchanged from the prior year. The combined city and state sales tax rate is 8.25 percent.
Tax Details Worth Reviewing
- City homestead exemption: Frisco raised its homestead exemption from 15 to 20 percent, the maximum state law allows.
- State homestead exemption: Texas provides a $140,000 homestead exemption, and homeowners 65 or older may qualify for an additional $60,000.
- Filing deadline: You generally need to file with your county appraisal district before May 1.
- County differences: Frisco spans Collin and Denton counties, and each has its own tax rate.
How Buying a Home in Texas Works
The Texas process may feel different from what you know in New York. One of the biggest differences is the option period, a window after the contract takes effect when the buyer can terminate for any reason.
Option periods commonly run 5 to 10 days, and the buyer pays a non-refundable option fee to the seller. Earnest money, usually 1 to 3 percent of the price, is generally refundable if you terminate within that window.
What to Do During the Option Period
- Inspections: Schedule your home inspection right away.
- HOA review: Read the community documents carefully.
- Repair requests: Negotiate repairs or credits with the seller.
- Deadline tracking: Send any termination notice early, before the final-day cutoff.
Choosing Your Frisco Neighborhood
Frisco offers a wide range of master-planned options. Fields, a roughly 2,500-acre mixed-use community along the Dallas North Tollway between Preston Road and U.S. 380, is the city’s newest big development.
Inside Fields, Brookside South starts at $750,000, Brookside North at $1.5 million, and the gated Preserve at $3.5 million. Phillips Creek Ranch, launched in 2011 on a former quarter horse stud farm, offers lakes, trails, and parks in a more established setting.
Neighborhood Features to Compare
- Fields: More than 25 miles of trails, 89 acres of lakes, and the $13 million Brookside Club.
- Phillips Creek Ranch: About 950 acres with more than 100 acres of green space.
- Nearby attractions: The Star, home of the Dallas Cowboys’ headquarters, and PGA Frisco are close to both.
- Lot size and style: Compare homesites and floor plans against how you live.
Planning Your Move From New York
Fall is a great time to visit. Cooler weather makes it easier to tour neighborhoods and walk the trails before you choose.
I recommend a focused house-hunting trip, supported by virtual tours before you arrive. I use current market data and local expertise to narrow your list and make the most of your time on the ground.
A clear timeline also protects your budget. Knowing your tax exemptions, option period dates, and neighborhood priorities in advance helps you make decisions with confidence.
A Simple Relocation Checklist
- Set your priorities: Decide on commute, lot size, and amenities before you visit.
- Review taxes early: Ask about exemptions and county differences for each property.
- Plan one strong visit: Tour Fields, Phillips Creek Ranch, and other Frisco areas in a single trip.
- Line up your inspections: Make sure your inspector is ready before the option period begins.
Frequently Asked Questions
Does Texas have a state income tax?
No, Texas does not have a state income tax. Property taxes still apply, so I’ll help you review the exemptions you may qualify for.
How does the option period protect me as a buyer?
It gives you a set number of days to inspect the home and terminate for any reason. I’ll make sure you understand every deadline before you sign.
Can I buy before I physically move?
Yes, many relocating buyers tour in person, then rely on virtual walkthroughs and detailed inspections. I’ll coordinate with you so you feel confident throughout.
Contact Me Today
If you’re ready to explore life in Frisco, I’d love to help.
Reach out to me, Rene Burchell, and I’ll guide you through neighborhoods, taxes, and the Texas buying process so your move feels simple.
Contact me at Coldwell Banker Apex, Realtors, and let’s build a plan that fits your timeline, your budget, and your goals.
