Most Expensive McKinney Neighborhoods
McKinney is a larger medium-sized city located in the state of Texas. With a population of 156,767 people and 25 constituent neighborhoods, McKinney is the 19th largest community in Texas. Much of the housing stock in McKinney was built relatively recently. The construction of new real estate can often be taken as an indication that the local McKinney economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in McKinney, where the median household income is $82,988.
McKinney real estate is some of the most expensive in Texas, although McKinney house values don't compare to the most expensive real estate in the U.S.
McKinney is a decidedly white-collar city, with fully 87.98% of the workforce employed in white-collar jobs, well above the national average. Overall, McKinney is a city of professionals, sales and office workers and managers. There are especially a lot of people living in McKinney who work in management occupations (14.94%), sales jobs (13.50%) and office and administrative support (12.30%).
Also of interest is that McKinney has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.99% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, McKinney is a great place for families with children to consider. First of all, many other families with children live here, making McKinney a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, McKinney has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, McKinney’s overall crime rate is lower than average for the country.
The education level of McKinney ranks among the highest in the nation. Of the 25-and-older adult population in McKinney, 45.12% have at least a bachelor's degree. The typical US community has just 21.84% of its adults holding a bachelor's degree or graduate degree.
The per capita income in McKinney in 2010 was $33,941, which is wealthy relative to Texas and the nation. This equates to an annual income of $135,764 for a family of four. However, McKinney contains both very wealthy and poor people as well.
McKinney is a very ethnically-diverse city. The people who call McKinney home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of McKinney residents report their race to be White, followed by Black or African-American. McKinney also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 19.34% of the city’s residents. Important ancestries of people in McKinney include German, Irish, English, Italian, French and Scottish.
The most common language spoken in McKinney is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||47,490|
|MCKINNEY HOME OWNERSHIP|
|% OWNER OCCUPIED||67.72%|
|% RENTER OCCUPIED||32.28%|
|TYPE OF MCKINNEY HOMES|
|SINGLE FAMILY DETACHED||76.04%|
|ROWHOUSES AND ATTACHED HOMES||1.63%|
|SMALL APARTMENT BUILDINGS||2.05%|
|COMPLEXES OR HIGH RISE APARTMENTS||19.32%|
|SIZE OF MCKINNEY HOMES|
|5 OR MORE BEDROOMS||7.71%|
|AGE OF MCKINNEY HOMES|
|NEWER HOMES (2000 OR LATER)||60.31%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||32.74%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||5.28%|
|HISTORIC (1939 OR BEFORE)||1.67%|
|MCKINNEY REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$237,174|
|MEDIAN RENTAL PRICE||$1,685|
|HOME VALUE RANGE|
|$0 - $63,000||2.35%|
|$63,001 - $127,000||4.09%|
|$127,001 - $254,000||47.91%|
|$254,001 - $380,000||27.10%|
|$380,001 - $507,000||10.06%|
|$507,001 - $634,000||4.60%|
|$634,001 - $951,000||2.80%|
|$951,001 - $1,268,000||0.57%|
|PEOPLE OF MCKINNEY||DETAILS|
|UNDER 5 YEARS||8.23%|
|5 TO 17||23.16%|
|18 TO 24||7.33%|
|25 TO 34||14.46%|
|35 TO 54||30.96%|
|55 TO 64||8.03%|
|65 YEARS AND OVER||7.83%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||92.24%|
|MEDIAN HOUSEHOLD INCOME||$82,988|
|PER CAPITA INCOME||$33,941|
|INDIVIDUALS BELOW POVERTY LEVEL||8.09%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (13.62%)
Professional, scientific, and technical services (9.12%)
Public Service (3.42%)
Information Technology (3.36%)
|BLACK OR AFRICAN AMERICAN||11.47%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.29%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.03%|
|SOME OTHER RACE ALONE||1.66%|
|TWO OR MORE RACES||2.36%|
|HISPANIC OR LATINO (OF ANY RACE)||19.34%|
|ETHNICITIES PRESENT||German (15.27%)
|LANGUAGES SPOKEN||English (80.87%)
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