Mckinney, TX 75071 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. Median sold price: $510,720 is the primary indicator of recent transaction values in ZIP 75071 and suggests current market value is below prevailing asking levels given the median listing price: $574,723, which may indicate pricing friction between seller expectations and completed transactions.
2. The market shows neutral temperature overall, and with median days on market: 90 this represents slower sales velocity and suggests transactions may take longer to negotiate and close compared with faster-moving markets.
3. Interest rate dynamics are a headwind: current 30-year fixed mortgage rate: 6.63% (versus 6.23% in April 2026) combined with reported elevated interest rate pressure may be suppressing buyer urgency and contributing to the observed gap between listing and sold prices.
4. Price and rent trends are softening: the area shows price year-over-year trend: down and rent year-over-year trend: down, while median price per square foot: $212 and median market rent: $2,300 provide context for valuation and rental comps; together these metrics suggest modest downward pressure on both sales and rental valuations in the near term.

Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.