McKinney, TX—75070
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 $480,000, with a year-over-year change of -5.9%. This indicates that home prices in McKinney, TX are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -5.9% |
| Single Family | $482,000 | -6.0% |
| Condos | $422,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $349,000 | -6.7% |
3 Bed | $410,000 | -6.4% |
4 Bed | $524,000 | -5.8% |
| 5 Bed | $688,000 | -4.4% |
% of Housing Stock
Rental Trends — McKinney, TX
As of July '25, Rentcast reports the average rent in McKinney, TX is $2,040, with a year-over-year rent change of -6.0%. Per bedroom, the median rent as of July '25 in McKinney, TX is studios: $1,160, 1-bedrooms: $1,500, 2-bedrooms: $2,030, 3-bedrooms: $2,490, 4-bedrooms: $2,980. The most common rental property sizes in McKinney, TX are 1-bedroom and 2-bedroom, accounting for 36.3% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $2,040 |
| Studio Rent | $1,130 | $1,160 |
| 1 Bed Rent | $1,420 | $1,500 |
| 2 Bed Rent | $1,900 | $2,030 |
| 3 Bed Rent | $2,380 | $2,490 |
| 4 Bed Rent | $2,900 | $2,980 |
% 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 58. This is a increase of 7.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 1.0% |
Listing Count | 242 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 58 | 7.0% |
Demographics — McKinney, TX
As of the latest ACS Survey released in 2023, McKinney, TX has a population of 59,900, which has decreased by -39.1% over the past 5 years. McKinney, TX is a popular place for families, as children make up 25.8% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,900 | -39.1% |
% Under 18 | 25.8% | -11.6% |
% Seniors | 8.6% | -11.3% |
% WFH | 22.0% | 115.7% |
% w/ College Degree | 56.7% | 5.6% |
As of the latest ACS Survey released in 2023, McKinney, TX is a predominantly white area, with 48.9% of the population identifying as white. The white population has shrunk by 27.9% in the last 5 years. The second most common race or ethnicity in McKinney, TX is asian, making up 20.2% of the population. Foreign-born residents account for 21.3% of the population in McKinney, TX, and this percentage has increased by 65.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.9% | -27.9% |
% Black | 13.8% | 35.3% |
% Hispanic | 13.3% | 30.4% |
% Asian | 20.2% | 124.4% |
% Foreign Born | 21.3% | 65.1% |
Mortgage and Risk — McKinney, TX
According to HUD data as of 2023, there were 384 mortgage originations in McKinney, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 23.0% 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. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 384 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — McKinney, TX
As of 2024, the percent of homes in McKinney, TX under the Section 8 program is 3.0%. 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 | 309 |
Total Units Section 8 | 309 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,420 | $1,860 |
| 2 Bedroom | $280 | $1,900 | $2,180 |
| 3 Bedroom | $350 | $2,380 | $2,730 |
| 4 Bedroom | $610 | $2,900 | $3,510 |
Affordability — McKinney, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $480,000 |
| Median Household Income | $107,000 |