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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 162,898, 50,455 total housing units (homes and apartments), and a median house value of $282,502, McKinney real estate is some of the most expensive in Texas, although McKinney home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in McKinney, accounting for 75.23% of the city's housing units. Other types of housing that are prevalent in McKinney include large apartment complexes or high rise apartments ( 19.66%), duplexes, homes converted to apartments or other small apartment buildings ( 2.32%), and a few row houses and other attached homes ( 1.74%).
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 66.28% of McKinney's homes, and 68.09% 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. 60.87% 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 ( 32.52%), and between 1940-1969 ( 5.02%). There's also some housing in McKinney built before 1939 ( 1.59%).
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 50.82% over the last ten years, which is an average annual home appreciation rate of 4.19%, 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 9.76%, which is higher than appreciation rates in 93.21% 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 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes McKinney one of the highest appreciating communities in the nation for the latest quarter, and 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.
|$1,035,001 - $1,380,000||0.7|
|$690,001 - $1,035,000||3.3|
|$552,001 - $690,000||5.1|
|$414,001 - $552,000||12.1|
|$276,001 - $414,000||28.0|
|$138,001 - $276,000||41.8|
|$69,001 - $138,000||5.4|
|$0 - $69,000||3.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF McKinney HOMES|
|2000 or Newer||60.9|
|1970 - 1999||32.5|
|1940 - 1969||5.0|
|1939 or Older||1.6|
|TYPE OF McKinney HOMES|
|Small Apt. Buildings||2.3|
|SIZE OF McKinney HOMES|
|5 or more bedrooms||7.73|