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McKinney real estate market overview
- Average Monthly Rent: $1,725
- Home Price/Value Percentage Change: -1.30%
- Median Home Value: $501,330
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 40
- Job Market: Fair
- Public School Ranking: 27
Location and weather
The unique city of McKinney is located in the northeastern corner of the Dallas-Fort Worth Metroplex. It is the county seat of Collin County, and is one of the fastest growing communities in North Texas. Rolling hills, parks, streams and lakes make up this natural city, but there's still tons to offer amongst the 120 shops and restaurants downtown.
Summers here are hot, while winters get fairly cold. There's also around 40 inches of rain and 2 inches of snow per year.
Population, job market and cost of living
The population in McKinney is 214,565, with a growth rate of 3.08% annually.
The job market has decreased by -3.54% over the last year. In ten years, job growth is predicted to be 54.81%. This city boasts an exceptional business environment, with sturdy employment in industries such as medical technology, data management, manufacturing, sustainability, aviation, defense, retail, office and transportation. These industries have attracted employers such as Raytheon, Wistron GreenTech, Torchmark, Emerson Process Management and Tong Yang.
McKinney is an expensive place to live, as housing costs in particular has shown consistent increase over the years.
McKinney real estate market details
- Adriatica
- Serenity
- Isleworth
- Hardin Lake
- Mallard Lakes
- Craig Ranch
- Auburn Hills
The average monthly rent in McKinney is $1,725 for an average apartment size of 949 sq. feet.
There has been a -1.3% decrease in McKinney's median home value over the last year. As of 2023, the median home value is $501,330.
On average, homes in McKinney sell after 40 days on the market.
Sales in October can provide homeowners with the most profitable home sale, while July can provide homeowners with the fastest sale.
The affordability index in McKinney is 110. This number indicates moderate affordability in this city.
The top ranked public schools are Robert L. Puster Elementary School, Sloan Creek Intermediate School, Roy Lee Walker Elementary School, Imagine International Academy of North Texas, and Glen Oaks Elementary School. This information is determined by the school's combined math and reading proficiency data in testing.