Market Overview
Home Prices in McKinney, TX
The median home value in McKinney, TX is $482,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.7% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in McKinney are priced18% above average. McKinney is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, McKinney home values have risen by approximately17.3%, reflecting steady appreciation in this market.
Price History
McKinney Home Price Trend
City Comparison
McKinney vs. National Median
At $482,599, homes in McKinney cost 18% above the national median of $410,000. Buyers in McKinney should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in McKinney?
20% Down Payment
$96,520
on $482,599
Monthly P&I
$2,517/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,197/mo
incl. taxes & insurance
Income Needed
$127,880
gross annual (30% rule)
10% Down Option
$48,260
+ PMI applies
Loan Amount (20% dn)
$386,079
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in McKinney, TX?
The median home value in McKinney is $482,599 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.7% year-over-year.
How much have home prices changed in McKinney?
Over the past year, home values in McKinney have decreased by 6.7%. Over five years, prices have risen approximately 17.3%.
How much do I need to earn to buy a home in McKinney?
To comfortably afford the median home price of $482,599 with a 20% down payment ($96,520) at today's rates (6.8%), you'd need a gross annual income of approximately $127,880. This assumes keeping total housing costs at or below 30% of gross income.
How does McKinney compare to the national average home price?
The national median home value is approximately $410,000. At $482,599, homes in McKinney are 18% above the national average.
What metro area is McKinney part of?
McKinney is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.