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McKinney

Learn about the people, housing, costs and businesses in McKinney, Texas

Median Home$469,766
Median Rent$2,118/month
Population209,877
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth+4.5% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners64% of occupied units
NotableHighly Educated33% bachelor's · 16% graduate · top 5% nationally
NotableHigh Incomes$129k/year · top 7% nationally
McKinney
TX

Frequently Asked Questions

What are today's mortgage rates in McKinney?

As of today, the 30-year fixed mortgage rate for McKinney is approximately 6.832% (6.866% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in McKinney?

The median home value in McKinney is $470k. The median monthly rent is $2,118. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in McKinney?

Home values in McKinney have increased 4.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in McKinney?

Based on a typical all-in ownership cost of $2,211/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in McKinney is $129k/year.

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What industries drive the economy in McKinney?

The largest employment sectors in McKinney are public administration (20%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.