Cost of living in McKinney, TX — Housing, Rent & Index

The median home value in McKinney, TX is $487,346 as of 2026-04. That places McKinney above the US average for housing cost, with a cost index of approximately 137 versus a national baseline of 100.

Over the past 12 months, the median home value in McKinney has fallen 7.0%, and over the past five years it has averaged +4.7% annual growth. The current price sits -12.5% from its 5-year peak in 2022-07.

Renters pay a median of $1,772 per month in McKinney. Rents have changed -1.5% over the last year and averaged +3.4% per year over five years.

Beyond housing, day-to-day costs in McKinney are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.