McKinney, TX

Population: 148,559
Average annual home appreciation rate: 6.09%
Total of homes for sale in this market: 668
Median home price: $220,462
Median Rent: $1,280 per room
Home price range: 51.50% of homes are between $118,001 – $236,000
Median sales price: NO DATA
Number of homes: 130
Median foreclosure sales price: $182,775
Foreclosure discount: NO DATA
Most common home type: 75.60% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.78%
Number of renters: 31.20%
Number of owner occupied: 68.80%
Number people living below poverty level: 8.89%
Unemployment rate: 3.1%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the McKinney area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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