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These days, finding an affordable place to live in the McKinney area can be challenging. Home prices in McKinney are now at a median cost of $497,007, higher than the Texas average of $322,096.
The average cost of rent is $2,210/mo in McKinney, primarily driven by the current value of real estate in the McKinney area. In McKinney, 34.60% of households rent, and 25.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McKinney is $11,387 per month. Households that rent pay about 19.41% of their income on rent here. McKinney’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fairview, TX: equally priced homes
- Allen, TX: equally priced homes
- New Hope, TX: equally priced homes
- Prosper, TX: higher priced homes
- Frisco, TX: higher priced homes
- Lucas, TX: higher priced homes
- Lowry Crossing, TX: less expensive homes
- Melissa, TX: equally priced homes
- Plano, TX: equally priced homes
- Parker, TX: higher priced homes
Cities with Similar Populations
- New Rochelle, NY: higher priced homes
- New Bedford, MA: less expensive homes
- Needmore, TX: less expensive homes
- Murrieta, CA: higher priced homes
- Naples, FL: higher priced homes
- Nampa, ID: less expensive homes
- Myrtle Beach, SC: less expensive homes
- Naperville, IL: equally priced homes
- Manhattan, NY: higher priced homes
- Los Angeles, CA: higher priced homes
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