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McKinney, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

McKinney, TX Housing Market Trends

With 195,308 people, 65,065 houses or apartments, and a median cost of homes of $522,370, McKinney house prices are not only among the most expensive in Texas, McKinney real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in McKinney, accounting for 73.51% of the city's housing units. Other types of housing that are prevalent in McKinney include large apartment complexes or high rise apartments ( 21.26%), duplexes, homes converted to apartments or other small apartment buildings ( 2.29%), and a few row houses and other attached homes ( 2.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McKinney. Owner-occupied housing accounts for 65.15% of McKinney's homes, and 66.91% have either three or four bedrooms, which is average sized relative to America.

McKinney homes and real estate are some of the newest in America. 65.90% of McKinney's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the McKinney real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.93%), and between 1940-1969 ( 5.57%). There's also some housing in McKinney built before 1939 ( 1.60%).

McKinney Home Appreciation Rates

In the last 10 years, McKinney has experienced some of the highest home appreciation rates of any community in the nation. McKinney real estate appreciated 142.88% over the last ten years, which is an average annual home appreciation rate of 9.28%, putting McKinney in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, McKinney definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in McKinney that despite a nationwide downturn in the housing market, McKinney real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McKinney appreciation rates continue to be some of the highest in America, at 22.80%, which is higher than appreciation rates in 91.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McKinney. McKinney appreciation rates in the latest quarter were at 5.79%, which equates to an annual appreciation rate of 25.24%.

Importantly, NeighborhoodScout’s exclusive research found that McKinney's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that McKinney's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within McKinney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McKinney - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best McKinney real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$522,370

McKinney, TX HOME PRICES

> $1,467,000
$1,100,001 - $1,467,000
$733,001 - $1,100,000
$587,001 - $733,000
$440,001 - $587,000
$293,001 - $440,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
1.2%
1.2%
1.6%
1.6%
7.6%
7.6%
17.0%
17.0%
31.3%
31.3%
29.5%
29.5%
8.0%
8.0%
1.6%
1.6%
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
65,065

McKinney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
176.66% 4.63%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,891 / per month

Homeownership Rate

Owners
Renters
Vacant
65.1%
65.1%
34.9%
34.9%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
65.9%
65.9%
26.9%
26.9%
5.6%
5.6%
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.5%
73.5%
2.1%
2.1%
2.3%
2.3%
21.3%
21.3%
0.8%
0.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
9.9%
9.9%
14.4%
14.4%
33.4%
33.4%
33.6%
33.6%
7.4%
7.4%
0.0% 100.0%
% OF HOMES