January's First-Time Homebuyer Report for McKinney

McKinney is a larger than average city in Texas with 131,117 residents. It's also the fastest growing, at a 10-year growth rate of 155.6%. 75070, 75071, and 75069 are its three most populated zip codes. McKinney is an area where most people own their homes, with an ownership ratio of 65.7%. Topping the list of best schools in the city is C T Eddins Elementary School.

Price Range

Some of the more expensive homes in Texas are in McKinney with a median home value of $166,500 and an average list price for available homes currently at $386,801. The most expensive places to live are 75013, 75071, and 75070. The McKinney remained below its 12-month average sales volume this week as sales fell 10.9% to hit 230 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in McKinney:

$2.8M   $974K   $550K  

Typical Dwelling

A four-bedroom detached home valued around $351,284 is considered a typical dwelling in McKinney. If a buyer was looking for a similar home, they would need good credit and a $70,257 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,811 and the property tax rate is $19.83 per $1,000 of taxable assessed value.

Get started right now by checking out McKinney homes for sale or reviewing McKinney real estate trends.


Data reported through 1/12/2017

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Halo Group Realty
Snapped 30 homes in this area
Nord Realty
Snapped 769 homes in this area
Texas Urban Living
Snapped 8 homes in this area

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