Monday , 24 October 2016

New Study Finds McKinney One of the Best Places for Homeownership

sold signNerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Texas – and McKinney made the list.

The study based its rankings on the following criteria:

  • Homeownership rate
  • Selected monthly homeowner costs
  • Monthly household income
  • Population growth

“When people are looking for a home, they are looking in McKinney,” said Mayor Brian Loughmiller. “We’ve worked hard to build a community that offers exemplary schools, affordable and diverse housing, and employment opportunities. The city of McKinney offers residents beautiful tree-lined streets, a charming historic downtown and a strong sense of community as well as a robust business environment.”

NerdWallet ranked McKinney as the 12th best place in Texas for homeownership. The area has a homeownership rate of 71.7 percent, and median monthly homeowner costs are $1,839. McKinney grew by 11.2 percent between 2010 and 2012.

“Affordability and a growing population make McKinney an excellent choice for homeowners,” said NerdWallet analyst Jaime Ortiz. “Residents spend only 26.9 percent of their household income on homeowner costs.”

McKinney’s proximity to both DFW International Airport and the corporate McKinney National Airport make it an ideal location for business and executives.

The City of McKinney has also been recognized by as the second most-searched-for places to live. In addition, CNN Money named the city the second best place to live in the nation, citing plenty of housing options; low taxes; abundant job opportunities in technology, energy and medicine; as well as a new conference center and hotel complex in the works. Realtor site also namedMcKinney the second best place to live in the country among mid-sized cities.

PRWire Story

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