What You Need To Know When Looking To Settle in McKinney
Mckinney grabbed the 25th spot for housing & community desirability and is considered as one of the best suburbs for living in the Dallas-Fort Worth area, according to the U.S. Census Bureau, the Texas Education Agency, and the Federal Bureau of Investigations.
It has a livability score of 90 that is determined by how well the city fares in the metric values of environment, engagement, health, housing, neighborhood, opportunity, and transportation. That's a huge win in the real estate arena making homes for sale in McKinney a sought after commodity!
In terms of economic development, McKinney is one of the US' fastest growing cities with a lower unemployment rate and higher business opportunities. In fact, several Fortune 500 companies are based in McKinney, including U.S. defense contractor and industrial corporation Raytheon and financial services holding company Torchmark Corporation.
The most popular living arrangement in the area are housing developments, but there is a wide range of other properties to choose from.
A home's design and style will depend on which neighborhood you live in. The historic Downtown McKinney, for example, offers new luxury apartments, while Provence, particularly the Provence Estates, has housing development styles inspired by French architecture and culture.
McKinney also boasts of well-developed infrastructures, exceptional public transportation system, and an excellent independent school district.
McKinney School Information
One of the reasons families love to buy homes for sale in Mckinney School district is the outstanding school system. In 2017, for example, McKinney ISD high school had a 98.2% graduation rate. The 2018 American Community Survey education data also showed that the city has 92% high school graduates.
This led to unprecedented growth of enrollment over the years. As a result, there is now a shortage of facilities. Some schools are a bit crowded as they try to cater to increased enrollment of about 70,000 new students every year. To cover the overload, some local schools are using online instructions and are recruiting international teachers as well.
Some of the school districts in McKinney are:
- Frisco Independent School District
- Mckinney Independent School District
- Allen Independent School District
- Prosper Independent School District
- Lovejoy Independent School District
Along with several schools to choose from are parks that provide the perfect venue for families and students to relax in after a hectic week.
McKinney Parks and Recreation
McKinney has plenty of parks and recreation areas for students to enjoy. Some of them come with multi-use practice fields.
A. Hardy Eubanks, Jr. Park - This neighborhood park at Bennett Elementary has a basketball court, open turf area for soccer/football practice, base/softball backstop, and a 4-mile lighted hike and bike trail, among others.
Alex Clark Memorial Disc Golf Course - Play disc golf in an 18-basket course spread over 18 acres of land. The parks also have a hike and bike trail.
Bonnie Wenk Park - This 216-acre park features a dog park with a splash pad, pond for fishing, hike and bike trails, and an outdoor amphitheater. Phase 2 of the park is set to open on June 15, 2019.
Central Park - This mini-park is an open lawn area that spans 5 acres. It has a pavilion that the community shares, so using it is on a first come, first serve basis.
Skatepark at Gabe Nesbitt Community Park - More than 3,000 square feet of concrete, it has 3 bowls, parking spaces, and shaded seating for spectators.
Inspiration Park - This neighborhood park at Naomi Press Elementary has an open turf area for soccer/football practice, a basketball court, splash pad for dogs, swings, hike and bike trail, and 1 picnic shelter.
For a complete list of McKinney parks,click here.
McKinney Housing Prices
The median cost of homes in McKinney is $309,900, while the average listing price is $95,633. 73.91% of housing units are single-family detached homes, 20.72% are large apartment complexes or high rise apartments, 2.52% are small apartment buildings, duplexes, or homes converted to apartments, 1.80% are row houses and other attached homes.
Average rent per month, on the other hand, is at $1,691 / per month, according to data on the NeighborhoodScout, provider of the most comprehensive database of hyper-local real estate data.
Cost of Living in McKinney
How much does it cost to actually live in McKinney?
According to Sperling's Best Places, the cost of living index in McKinney is 118.0, which is slightly higher than the US average of 100. One of the biggest factors is housing, which has a median price of $309,900. The rest is broken down into the following cost of living indexes--165.3 for Housing, 100.2 for Utilities, 104.2 for Transportation, 96.9 for Health, 92.9 for Grocery, and 92.6 for Miscellaneous.
Miscellaneous refers to the cost index of goods and services that are excluded from the main cost of living. These are restaurants, clothing, entertainment, repairs, and other services.
Settle down in McKinney
When searching for a property to buy, check out the following areas first:
Craig Ranch - Master planned community in southwest McKinney with more than 1,500 homes when build-out is complete. The first homes were built in 2010.
Serenity - Where homes that were constructed between 2010 and 2013 are found.
Stonebridge Ranch - A master planned community that is older than Craig Ranch, with the first homes built in 1988. When build-out is complete, it will have more than 5,000 homes.
This should get you started on your hunt for your next home in McKinney. When you’re ready to buy, contact the Chad Smith Real Estate Team. Let’s find your dream home!