Why Live in McKinney
McKinney's historic downtown square captivates visitors with its preserved 19th-century buildings, boutique shopping, and art galleries. Nature lovers frequent the Heard Natural Science Museum & Wildlife Sanctuary for its native Texas wildlife and extensive trail system. The Adriatica Village brings a taste of Croatia through its distinctive architecture, while the Towne Lake Recreation Area provides opportunities for fishing, kayaking, and lakeside relaxation.
The McKinney housing market features diverse options across distinct neighborhoods. The median sale price in McKinney stands at $479,000. Single-family homes in Stonebridge Ranch command a median price of $599,900, while Craig Ranch homes reach $625,000. East McKinney presents more affordable options with a median single-family home price of $329,900. Townhomes throughout McKinney have a median price of $404,900, and two-bedroom condos list at a median of $385,000.
McKinney's cost of living sits 2.5% below the national average. A family of four should plan for a salary of $103,000 to live comfortably, with monthly expenses averaging $9,000. Property taxes in Collin County maintain a 1.66% effective rate. The city benefits from Texas's absence of state income tax, though residents pay a combined 8.20% sales tax. Local gasoline prices average $2.915 per gallon, 10% below the national average. The public school system includes highly rated institutions like McKinney High School, which serves multiple neighborhoods including Historical McKinney and Eldorado. Private options include the A-rated Heritage Montessori Academy of Allen and Coram Deo Academy of Collin County.
Home Trends in McKinney, TX
On average, homes in McKinney, TX sell after 57 days on the market compared to the national average of 70 days. The median sale price for homes in McKinney, TX over the last 12 months is $465,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$465,000
Median Single Family Sale Price
$549,900
Median Townhouse Sale Price
$420,000
Median 2 Bedroom Sale Price
$415,000
Median 1 Bedroom Sale Price
$419,500
Average Price Per Sq Ft
$225
Number of Homes for Sale
387
Last 12 months Home Sales
2,434
Median List Price
$563,156
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%