Home Values in McKinney, Texas — 2026 Market Report
Updated March 2026 | Balanced Market | +4.3% YoY
The median home value in McKinney, Texas is $445,000 as of March 2026, which is above the national median of $400,000. Home values in McKinney have increased by 4.3% over the past year and 23.4% over the last five years. With a population of 195,308 and a median household income of $102,825, the price-to-income ratio stands at 4.3x, making McKinney affordable for the average household.
McKinney Housing Market Conditions
| Metric | McKinney | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +4.3% | +3.8% |
| 5-Year Appreciation | +23.4% | +22.4% |
| Price per Sq Ft | $184 | $222 |
| Days on Market | 30 days | 45 days |
| Months of Supply | 4.5 | 3.5 |
| List-to-Sale Ratio | 96.2% | 98.5% |
| Monthly Homes Sold | 178 | — |
| Foreclosure Rate | 0.63% | 0.3% |
Home Value Trends in McKinney
A homeowner who purchased at the median price of $360,616 five years ago in McKinney would have gained approximately $84,384 in equity, representing a 23.4% return on investment. Over the past year alone, the typical homeowner gained $18,346 in home equity.
Affordability in McKinney, TX
With a median household income of $102,825 and a median home price of $445,000, the price-to-income ratio in McKinney is 4.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,672 compared to estimated monthly ownership costs of $2,781 gives a rent-vs-buy ratio of 1.04. In McKinney, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in McKinney
The effective property tax rate in Texas is 1.8%. On a home valued at $445,000, the estimated annual property tax bill is $8,010, or approximately $668/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in McKinney is 102.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in McKinney, TX?
The median home value in McKinney, Texas is $445,000 as of March 2026. Home values have changed +4.3% over the past year, with a 5-year appreciation of 23.4%.
Is McKinney a buyer's or seller's market?
McKinney is currently a balanced market with 4.5 months of housing supply. Homes spend an average of 30 days on market, and the list-to-sale price ratio is 96.2%. Supply and demand are relatively balanced.
Are home values going up in McKinney?
Yes, home values in McKinney have increased by 4.3% over the past year. The 5-year appreciation rate is 23.4%, meaning a home worth $360,616 five years ago is now worth $445,000.
Is it better to rent or buy in McKinney?
The average monthly rent in McKinney is $2,672, while estimated monthly homeownership costs are approximately $2,781. The price-to-rent ratio is 13.9. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for McKinney, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.