Rent to own Homes in McKinney, TX
The city of McKinney was named after Collin McKinney, one of the drafters of the Texas Declaration of Independence. McKinney was incorporated in 1859 and is located just south of the Texas-Oklahoma border. Considered to be part of the Dallas-Fort Worth metroplex, it is one of the nation's fastest growing cities. McKinney's population, as of the 2012 U.S. Census, was 143,223 people, making it the 19th-most populated city in the state. One of the nicest things about the city is the climate. For most of the year, excluding the summer months of June through August, McKinney is a comfortable 50 to 85 degrees. It is known to get cold in the winter for short periods of time and it does occasionally snow, and it also experiences some staggering heat during the peak summer months. But this is expected in Texas, and you eventually become accustomed to it.
McKinney, TX is a great place for affordable rent-to-own homes! With a median household income of over $100,775 and a median rent of $1,442, the McKinney, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in McKinney, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More McKinney, TX Property Resources
Rent to own Homes in Cities Near McKinney, TX
- Addison
- Allen
- Anna
- Aubrey
- Blue Ridge
- Carrollton
- Celina
- Dallas
- Farmers Branch
- Fate
- Frisco
- Garland
- Gunter
- Hackberry
- Hebron
- Josephine
- Lakewood Village
- Lavon
- Leonard
- Lewisville
- Lincoln Park
- Little Elm
- Lowry Crossing
- Lucas
- Mesquite
- Mobile City
- Murphy
- Nevada
- Oak Point
- Paloma Creek
- Paloma Creek South
- Parker
- Pilot Point
- Plano
- Princeton
- Prosper
- Providence
- Providence Village
- Richardson
- Rockwall
- Rowlett
- Sachse
- Savannah
- Seis Lagos
- St. Paul
- Sunnyvale
- The Colony
- Van Alstyne
- Weston
- Wylie
Neighborhoods in McKinney, TX
Congress Park rent to own homes Rockwall rent to own homes Downtown Mckinney rent to own homes Collin County Justice Center rent to own homes Mckinney Ind Park rent to own homes Bray Central rent to own homes The Greens Of Mckinney rent to own homes Lewisville rent to own homes Mouzon rent to own homes La Loma rent to own homesPopular Zip Codes in McKinney, TX
75072 rent to own homes 75071 rent to own homes 75069 rent to own homes 75070 rent to own homesBuying a Home in McKinney, TX
McKinney, TX is seeing rapid growth and McKinney, TX's' housing market remains not optimal with an average home price that is 51% above the 2024 national average. McKinney, TX is part of Collin county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Collin is 2.19% which is above the national average, which is 0.99%.
Median Home Price in McKinney, TX
Median Rent in McKinney, TX
Top Reasons to Live in McKinney TX
Housing Statistics The median home value is $183,600 in McKinney, which is comparable to many other cities in Texas. Renters can expect to pay $1,067 per month for a nice-sized home, apartment, or condominium. Now is an excellent time to look, because the vacancy rate is quite high, 10.4%, which leaves a good number of empty places ready to be snatched up.
Tourist Attractions If you enjoy physical art, the McKinney art galleries have you covered. The Garret Art Gallery on E Virginia St is an excellent showcase for local artists and artisans alike. Orisons Art & Framing on E Louisiana St is another one of McKinney's galleries that showcases artists from nearby Dallas and Taos, New Mexico each month. Performance art is also a main attraction, as the Heard-Craig Center for the Arts on West Hunt Street and the McKinney Performing Arts Center on N Tennessee Street are popular places of interest for local theater, dance, and music.
Outdoor Activities From McKinney Falls State Park to the Heard Natural Science Museum and Wildlife Sanctuary, there are many amazing adventures to choose from if you enjoy the outdoors. McKinney also has three golf courses favored by locals. Oak Hollow Golf Course on N. McDonald Street, the Golf Club of McKinney on Medical Center Drive and WestRidge Golf Course on Cotton Ridge Road North are all beautiful, lush courses that are both an absolute challenge and a pleasure to play on.
McKinney NeighborhoodsW University Dr / Gray Branch Rd: This is a stunning neighborhood on the city's northwest side. With Carey Cox Memorial Park at its center, this urban neighborhood is comprised of mostly single-family, medium-to-large homes with an average rental cost of $882 per month. Commutes to and from work are typically around 15 to 30 minutes each day, and most people do indeed drive. The most notable aspect of this neighborhood is the size of the homes. To say you get more square footage for your money is an understatement! A feeling of space, privacy, and quiet permeates the area. An average of 8.4% of rental and rent to own homes stand vacant in this neighborhood, just waiting to be purchased or rented, which is a bit lower than many other cities in Texas.