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.