Real Estate Market Update for 75071 (Mckinney, TX)

Video: Real Estate Community Tour for 75071 (Mckinney, TX)

See Real estate community tour for 75071 (Mckinney, TX)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 40% from one year earlier, and up 11% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 340-thousand dollars. The number of units sold decreased 9% year-over-year, and decreased 23% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 75071 (Mckinney, TX)
Area Information for 75071 (Mckinney, TX)
  • Population: 47,721
  • Median Age: 33.4 yr
  • Median Commute Time: 27 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 605/sq mi
  • Population Change Since 2000: 356.15%
  • Closest Airport: Dallas Love Field
  • Closest College: University Of Texas At Dallas
  • Closest Jr. College: Collin County Community Clg-central Park
  • Median Household Income: $85,224
  • Annual Residential Turnover: 16%
  • Median Home Sales Price: $254,594
  • Closest Major Sports Team: Fc Dallas
  • Change Avg. Household Income Since 2000: 41.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 75071 (Mckinney, TX)
Median Age: 33.4 Married: 47% Number of Households: 15,639 Households with Children: 7,121
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 75071 (Mckinney, TX)

      School Name Distance Type Grades School Rating Parent Rating
      North Texas Christian Academy 2.1 mi Private PRESCHOOL-11 0 0
      Naomi Press Elementary School 2.2 mi Public K-5 2 0
      Herman Lawson Early Childhood School 2.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Scott Morgan Johnson Middle School 2.5 mi Public 6-8 3 0
      Jose De Jesus And Maria Luisa Vega 2.6 mi Public K-5 2 0
      Slaughter Elementary School 2.6 mi Public K-5 3 0
      Mckinney North High School 3.0 mi Public 9-12 4 4
      J B Wilmeth Elementary School 3.0 mi Public K-5 5 0
      County Residential Center 3.0 mi Public 4-12 1 0
      Imagine International Academy Of North Texas 3.0 mi Public K-12 5 4
      Mckinney Christian Academy 3.1 mi Private PRESCHOOL-12 0 0
      Mckinney Boyd High School 4.4 mi Public 9-12 4 4
      Primrose School Of Stone Brooke 5.0 mi Private PRESCHOOL-K 0 0
      Gary And Bobbye Jack Minshew Elementary School 5.1 mi Public K-5 4 0
      John A Baker 5.1 mi Public K-4 4 0
      Lizzie Nell Cundiff Mcclure Elementary School 5.3 mi Public K-5 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 75071 (Mckinney, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.