McKinney was named 2019's 5th Best Midsize City for First-Time Home Buyers in a recent study from the leading personal finance outlet WalletHub.com. You can find the full study here: https://wallethub.com/edu/best-and-worst-cities-for-first-time-home-buyers/5564/

 

To determine the most favorable housing markets for first-time buyers, WalletHub took the pulse of real estate in 300 cities of varying sizes using 27 key metrics. The data set ranges from housing affordability to real-estate tax rate to property-crime rate.

 

Buying a First Home in McKinney (1=Best; 150=Avg.): 

  • 59th – Housing Affordability
  • 116th – Cost of Living
  • 144th – Rent-to-Price Ratio
  • 101st – Foreclosure Rate
  • 13th – Property-Crime Rate 

McKinney ranks No. 9 overall and No. 5 among midsize cities.