According to statistics, the population in McKinney, TX amounts to 164,760, which shows growth 5% compared to the previous year. The median age of the city’s residents is 35. The average household income is $87,608, shifting growth 5% from the past year, and the average property value in McKinney, TX growth 12% to $255,300 throughout the year.
|Number Of Employees||82,370|
|Median Property Value||$255,300|
The average household income in McKinney, TX grew from $83,257 to $87,608 in the past year. This data is an estimate based upon 56,408 households in McKinney, TX . The chart below presents how household income is distributed in McKinney, TX in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in McKinney, TX shifted from $228,500 to $255,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in McKinney, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of McKinney, TX properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in McKinney, TX compared to median property taxes around the country. The prevalent amount of property taxes in McKinney, TX equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$200,000||N/A|
|2 bed for sale||$441,364||+24.8%|
|3 bed for sale||$489,762||-2%|
|4+ bed for sale||$678,556||-5%|
During Jul 2022, the average price for an apartment in/near McKinney, TX decreased by 4% to $599,968.
Asking price for 2-bed apartment also increased by 24.8% and a place of this size will now cost you $441,364. A 3-bed apartment goes for $489,762, it decreased by 2% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 5% and made it down to $678,556.
|Listing Type||Jul||vs Last Month|
|Townhouses for sale||$429,111||-3.7%|
|Houses for sale||$602,275||-4.7%|
|Land for sale||$1,027,318||+8.4%|
|Condos for sale||$611,800||+49%|
|Duplexes for sale||$657,450||N/A|
Price reports demonstrate that house price decreased by 4.7% this month making it up to $602,275. Condos are really in demand in this season. The median price for a condo increased by 49%, it’s now available for $611,800. An average value of duplex is $657,450, thus a median price for a duplex remains the same this month. The property value of townhouses decreased by 3.7%, you’ll have to spend around $429,111 to get one.