McKinney, TX—75069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McKinney, TX
As of Oct '25, the median home price in McKinney, TX is $429,000, with a year-over-year change of -5.1%. This indicates that home prices in McKinney, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | -5.1% |
| Single Family | $430,000 | -5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $373,000 | -4.1% |
3 Bed | $390,000 | -5.1% |
4 Bed | $579,000 | -3.5% |
| 5 Bed | $1,263,000 | -2.6% |
% of Housing Stock
Rental Trends — McKinney, TX
As of July '25, Rentcast reports the average rent in McKinney, TX is $1,790, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in McKinney, TX is studios: $1,200, 1-bedrooms: $1,360, 2-bedrooms: $1,850, 3-bedrooms: $2,300, 4-bedrooms: $2,830. The most common rental property sizes in McKinney, TX are 2-bedroom and 1-bedroom, accounting for 40.9% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,790 |
| Studio Rent | $1,180 | $1,200 |
| 1 Bed Rent | $1,330 | $1,360 |
| 2 Bed Rent | $1,710 | $1,850 |
| 3 Bed Rent | $2,100 | $2,300 |
| 4 Bed Rent | $2,600 | $2,830 |
% of Rental Stock
Property Listings — McKinney, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in McKinney, TX is 69. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | -7.0% |
Listing Count | 209 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 69 | 15.0% |
Demographics — McKinney, TX
As of the latest ACS Survey released in 2023, McKinney, TX has a population of 39,300, which has increased by 4.0% over the past 5 years. McKinney, TX is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 37.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 4.0% |
% Under 18 | 21.8% | -8.4% |
% Seniors | 18.1% | 5.8% |
% WFH | 15.8% | 172.4% |
% w/ College Degree | 37.2% | 20.8% |
As of the latest ACS Survey released in 2023, McKinney, TX is a predominantly white area, with 55.5% of the population identifying as white. The white population has grown by 11.7% in the last 5 years. The second most common race or ethnicity in McKinney, TX is hispanic, making up 29.2% of the population. Foreign-born residents account for 15.8% of the population in McKinney, TX, and this percentage has decreased by 23.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.5% | 11.7% |
% Black | 10.5% | -13.2% |
% Hispanic | 29.2% | -14.1% |
% Asian | 2.8% | 47.4% |
% Foreign Born | 15.8% | -23.7% |
Mortgage and Risk — McKinney, TX
According to HUD data as of 2023, there were 445 mortgage originations in McKinney, TX, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in McKinney, TX. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 445 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — McKinney, TX
As of 2024, the percent of homes in McKinney, TX under the Section 8 program is 6.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In McKinney, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 496 |
Total Units Section 8 | 445 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 76.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,330 | $1,600 |
| 2 Bedroom | $170 | $1,710 | $1,880 |
| 3 Bedroom | $260 | $2,100 | $2,360 |
| 4 Bedroom | $430 | $2,600 | $3,030 |
Affordability — McKinney, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $429,000 |
| Median Household Income | $82,800 |