McKinney, TX—75071
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 $491,000, with a year-over-year change of -5.0%. This indicates that home prices in McKinney, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $491,000 | -5.0% |
| Single Family | $491,000 | -5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $368,000 | -1.6% |
3 Bed | $398,000 | -5.5% |
4 Bed | $538,000 | -5.3% |
| 5 Bed | $691,000 | -5.0% |
% of Housing Stock
Rental Trends — McKinney, TX
As of July '25, Rentcast reports the average rent in McKinney, TX is $2,300, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in McKinney, TX is 1-bedrooms: $1,290, 2-bedrooms: $1,790, 3-bedrooms: $2,380, 4-bedrooms: $2,830. The most common rental property sizes in McKinney, TX are 3-bedroom and 1-bedroom, accounting for 37.2% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,310 | $2,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,210 | $1,290 |
| 2 Bed Rent | $1,680 | $1,790 |
| 3 Bed Rent | $2,300 | $2,380 |
| 4 Bed Rent | $2,700 | $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 55. This is a increase of 17.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $527,000 | -2.0% |
Listing Count | 686 | 19.0% |
| Listings as % of Homes | 1.4% | 19.0% |
Days on Market | 55 | 17.0% |
Demographics — McKinney, TX
As of the latest ACS Survey released in 2023, McKinney, TX has a population of 69,400, which has increased by 31.1% over the past 5 years. McKinney, TX is a popular place for families, as children make up 28.0% of the population. The area has a highly educated workforce, with 50.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 69,400 | 31.1% |
% Under 18 | 28.0% | -7.6% |
% Seniors | 10.5% | 20.7% |
% WFH | 23.6% | 237.1% |
% w/ College Degree | 50.7% | 13.9% |
As of the latest ACS Survey released in 2023, McKinney, TX is a predominantly white area, with 54.6% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in McKinney, TX is hispanic, making up 17.4% of the population. Foreign-born residents account for 16.3% of the population in McKinney, TX, and this percentage has increased by 14.8% 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 | 54.6% | -11.1% |
% Black | 13.3% | 7.3% |
% Hispanic | 17.4% | -4.4% |
% Asian | 10.5% | 98.1% |
% Foreign Born | 16.3% | 14.8% |
Mortgage and Risk — McKinney, TX
According to HUD data as of 2023, there were 2070 mortgage originations in McKinney, TX, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in McKinney, TX. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,070 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — McKinney, TX
As of 2024, the percent of homes in McKinney, TX under the Section 8 program is 3.2%. 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 | 269 |
Total Units Section 8 | 269 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $990 | $1,210 | $2,200 |
| 2 Bedroom | $900 | $1,680 | $2,580 |
| 3 Bedroom | $930 | $2,300 | $3,230 |
| 4 Bedroom | $1,450 | $2,700 | $4,150 |
Affordability — McKinney, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $491,000 |
| Median Household Income | $133,000 |