McKinney, Texas is a suburb of Dallas and is located just 30 miles from the heart of downtown. With a population of approximately 221,000, McKinney is large enough to feature a variety of shopping, dining, and entertainment options while retaining a suburban, small-town atmosphere. It’s one of the fastest-growing cities in the country and was voted by Money.com as the #1 place to live in the United States in 2014. Before you buy one of the McKinney homes for sale, take the time to familiarize yourself with this desirable community so you can get insight into what to expect when living in McKinney, Texas.
1. The economy
When considering moving to a new city, you will want to take the state of the local economy into consideration. As of 2020, the median household income in McKinney was recorded as approximately $113,000. The early March 2022 unemployment rate is 3.3%, which is lower than the national average of 3.6%. Over the next several years, it is predicted the job growth rate will see a substantial rise compared to the national average. This strong economy ensures new homes in McKinney, Texas will be wise investments.
Enjoying a reasonable commute in your new city is an essential part of your quality of life. There are several transit options within McKinney that will make it easier to get where you need to go. When driving around McKinney, you can park on the street, in garages, or in uncovered parking lots. If you want to go downtown without taking your car, you can use the convenient, on-demand service of the Downtown Area Shuttle, or DASH. If you are a qualified applicant, the Dallas Area Rapid Transit (DART) Mobility Service offers an inexpensive transit service to help you travel to local destinations like the grocery store, library, or hospitals.
3. Real estate
The median value of McKinney homes for sale is $500,000 as of April 2022. For around this price, you can purchase a decently sized three-bedroom, two-bathroom home. If you’re willing to spend a bit more, new homes in McKinney, Texas with four to five bedrooms can go for between $500,000 and $900,000.
Education is highly valued in McKinney. Your young children will start in the McKinney Independent School District – one of the fastest-growing in Texas which serves more than 24,000 students. It has one of the most highly distinguished fine arts programs in the state and was named one of the best communities in the nation for music education in 2017.
If you would rather send your kids to private school, McKinney has several outstanding options for whether you desire the school to be religiously affiliated or nonsectarian. There are several Montessori schools for pre-k and elementary school-aged children as well.
5. Entertainment and events
The downtown commercial district offers a wide variety of dining and entertainment options for visitors and owners of new homes in McKinney, Texas. Several events are held in downtown McKinney each year, ensuring you’ll never be short on things to do after you make yourself at home in your new McKinney mansion.