The housing market in 75071 McKinney, TX is thriving. The median value of homes in the area is $526,500, which is significantly higher than the US house median value of $338,100. Furthermore, the 1 year house appreciation rate for McKinney is 15.66%, almost double the 8.27% rate nationally. This shows that investing in housing in this area can be a very worthwhile venture and that real estate prices are on the rise.
The median home cost in McKinney (zip 75071) is $526,500. Home appreciation the last 10 years has been 159.8%. Home Appreciation in McKinney (zip 75071) is up 23.4%.
Average Age of Homes
- The median age of McKinney (zip 75071) real estate is 13 years old
The Rental Market in McKinney (zip 75071)
- Renters make up 26.0% of the McKinney (zip 75071) population
- 1.0% of houses and apartments in McKinney (zip 75071), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.