McKinney, Texas

$312,447 is the house value median in McKinney, Texas. There has been a 6.8 percent increase in the last year in McKinney. There has been the prediction that the house value median will increase in the following year by 4.9 percent.

The per square foot list cost median is $145 in the city of McKinney. The Dallas-Fort Worth Metro per square foot list cost average is lower at $136.

$388,945 in McKinney is the listed cost median of houses currently listed. In McKinney, $306,400 is the cost median of houses that have sold.

$1,849 is the rent cost median in McKinney, Texas. The metro area of Dallas-Fort Worth has a lower rent cost median of $1,675.

Foreclosures have an impact on the value of houses. The lower the foreclosure rate, the higher the value of houses. Short sales have a very similar negative impact on house values.

McKinney has a very low home foreclosure rate. For every 10,000 houses, 0.1 houses are foreclosed. 0.4 houses out of 10,000 go through the foreclosure process in the metro area of Dallas-Fort Worth. The United States has 1.6 houses go through the foreclosure process per 10,000 houses.

There is a first step in a house foreclosure. It is called mortgage delinquency. When the owner of a house skips making a mortgage payment, that owner has a mortgage delinquency.

The city of McKinney has 0.6 as the percent of mortgage delinquent homes. This is a lower mortgage delinquency rate than the United States has which is 1.6 percent.

Due to the recession of 2008, the value of houses in the United States dropped a greater amount than 20 percent. And because of this, quite a few owners of houses are underwater on their mortgages. Being underwater on a mortgage means the owner of a house owes more on the home mortgage than the worth of the home.

In McKinney, 4.3 percent of owners of houses are experiencing being underwater on their mortgages. This is slightly lower than the 4.4 percent underwater rate of Dallas-Fort Worth Metro homes.

Households in McKinney, TX have a median annual income of $83,257

When it comes to commercial real estate, the McKinney Fulfillment Center which has the location of 1581 Corporate Dr is currently under construction. This building is scheduled for being completed in November 2018. It is a speculative industrial building of 115,176 square feet.

It has a rear-load facility, and it gives a 32 foot clear height, and has a maximum of 155 parking spaces. It also has 2 drive-in doors, and 26 dock doors.

The mix of tenants can include light manufacturers, consumer goods distributors, and e-commerce companies.