McKinney Property Management Made Simple
LEAP Property Management is a local property management company working inside of McKinney. With offices in Plano and Denton, McKinney is just down the road for maintenance requests, walk-throughs, or any other request from tenants and property owners.
Here are more of our services that set us apart from the competition:
- 6-Month tenant guarantee
- No upfront costs
- In-depth tenant screening
- 24-Hour emergency maintenance
- No contracts—we let our services prove our value!
McKinney Property Management
McKinney, TX, which was recently named the #1 place to live by CNN and Money Magazine, is a mid-sized city in the DFW area, approximately 37 miles north of Dallas. McKinney, which was recognized by the Census Bureau as one of the country’s fastest-growing cities from 2000 to 2003 and in 2006, continues to show rapid growth. It is thus becoming an attractive market for real estate investors interested in property management in that area.
McKinney, TX is the county seat of Collin County and second in population to the larger city of Plano. McKinney, TX is a beautiful city located on the outskirts of the Dallas suburbs. Its away-from-the-hustle-and-bustle feel keeps the city growing at a fast pace. With an excellent, award winning school district, McKinney makes a perfect home for families.
History of McKinney, TX
McKinney first came into existence in 1849, when William Davis donated 120 of his 3,000 acres to establish the town. It was then incorporated ten years later, and officially adopted the commission form of government in 1913. The town was named after Collin McKinney, a Texas Congressman and signer of the Declaration of Independence.
During its early history, McKinney’s primary function was to serve as Collin County’s commercial center, providing nearby farmers with necessities like flour, corn, and cotton mills. It also served as a business, culture, and entertainment center for the county, housing numerous businesses, like a textile mill, a dairy company, banks, a garment-manufacturing company, and cultural and entertainment options like the Opera House, which opened in the 1880s.
During this time, McKinney saw rapid expansion, growing from a meager 35 residents in 1848 to nearly 5,000 in 1912. By the early 1950s, the population had grown to over 10,000 residents. McKinney continued to act as a commercial center for the county until the late 1960s, when Plano surpassed its population and became more of a destination.
During the 1970s and ‘80s, McKinney showed moderate growth and became known as a “commuter city” to people working in the larger cities of Plano and Dallas. However, population growth started to drastically increase during the ‘90s.
McKinney, TX Population
As of January 2016, McKinney, TX has a population of nearly 162,000, up from 131,117 in 2010. The population is split nearly evenly between sexes, with 51.6% of the population being male and 48.4% female.
McKinney is a predominantly Caucasian area, with Caucasians making up 79.74% of residents. 11.47% of the population is African American and 4.71% is Asian.
The median resident age is 33.9 years, which is just slightly lower than 34 years, the median resident age.
McKinney is a rather affluent area of Texas; the median household income as of 2013 was $78,988. That is nearly $30,000 more than the median household income of Texas, which was $51,704.
Due to its bustling economy, charm, and proximity to both Plano and Dallas, McKinney is a popular destination for young families. Of the 52,522 households, 47,700 are family households.
You can expect tenants in McKinney to be family oriented looking for a quiet place to call home. Access to parks, family-fun, shopping, and food makes established families truly love to live in McKinney, TX. To get the best rental rate for your home, updated kitchens and master bathrooms are a great place to invest.
Weather in McKinney
Similar to other cities in the Dallas Fort Worth area, McKinney is considered to have humid, subtropical weather. It is also located on the Sun Belt, a region of the southern United States known for its high temperatures. Summers are hot and humid, with temperatures peaking in July and August right around 93 degrees. While winters cool down significantly (average highs in January are in the 50s and lows are in the 30s), McKinney doesn’t have winters as harsh as neighboring areas in Texas. While the area does see snow, particularly in January and February, extreme winter weather is rare, with an average yearly snowfall of just over two inches.
McKinney, TX Education
McKinney, TX is an attractive market for families (and for real estate investors interested in property management) due to the excellent school system. It is primarily served by the McKinney Independent School District (small areas of western McKinney are served by nearby Frisco Independent School District or Prosper Independent School District, while small areas of southern McKinney are served by nearby Allen Independent School District). MISD operates many educational institutions within McKinney, including twenty elementary schools, five middle schools, three high schools, one early education center, and four alternative schools.
Two of the high schools in the area, McKinney High School and McKinney North High School, were ranked in Newsweek’s top 1,000 schools in the nation in 2006, with McKinney High School ranking at 191 and McKinney North High School ranking at 237.
McKinney is also home to the Central Park campus of Collin College, a local community college district with over 53,000 students enrolled annually.
McKinney Real Estate
McKinney has a healthy housing market and was named one of the best cities in the country for home ownership by NerdWallet based on affordability, the number of homes on the market and population growth.
As of 2013, the estimated median home price in McKinney, TX (for a house or condo) was $196,400. That’s significantly higher than the median home price of $132,000 in Texas. However, there’s also a healthy rental market, particularly with students and recent grads, with the median rent averaging $1,820 as of September 2016.
Purchasing real estate and investing in property management in McKinney, TX is a solid choice for a variety of reasons. The steady population growth, the appreciation of real estate (McKinney property appreciated 9.67% in the past 12 months) and the relatively low availability of rental properties for the growing student population all stand to make purchasing property in McKinney a lucrative long-term investment.
The city of McKinney as a whole is a big draw for investors and renters alike. It is known as a suburb with charm, and residents enjoy strolling through the historic downtown or enjoying the outdoors in one of the city’s many parks and open spaces. McKinney also offers many opportunities for cultural enrichment and plays home to notable institutions including the Collin County Historical Society and Museum, the Heard-Craig Center for the Arts, and the Heard Natural Science Museum and Wildlife Sanctuary.
Property management in McKinney has gained serious traction in recent years due to the city’s healthy economy. The unemployment rate is 4.4%, just under 2% lower than the national unemployment rate of 6.3%. Recent job growth is at 3.43%, more than 2% higher than the national average of 1.18%, and is expected to grow by 42.5% over the next ten years.
McKinney is in close proximity to the business hubs of Plano and Dallas, making it an attractive choice for people who work in either place but prefer to live in a smaller city. But it also has its own bustling job market, with a high number of available jobs in the business and management sector, education, medicine and engineering.
According to the McKinney Chamber of Commerce, the top five employers in the suburb are Raytheon, McKinney Independent School District, Collin County, Medical Center of McKinney and Encore Wire Corporation.
The solid economy, the proximity to the larger cities of Plano and Dallas, and the robust job growth make McKinney property management a solid choice for investors. Potential renters are always looking to rent in areas of opportunity, and the abundance of jobs available in McKinney will continue to attract top talent looking to grow their careers.
Other Noteworthy Facts About McKinney, TX
Here are some other noteworthy facts about McKinney:
- In 2006, First Lady Laura Bush named McKinney a Preserve America City.
- The town is well known for its commitment to the environment, and was home to the first environmentally conscious Walmart in the country, built in 2005.
- It was listed in BestLife Magazine as one of the Top 100 Places to Raise a Family.
- It was named the #1 City for Newlyweds in 2014 by MyLife.com.
- The National Arbor Day Foundation listed McKinney as a Tree City USA.
- The Downtown McKinney area is one of the oldest downtowns in Texas, with many of the 1,400 historic buildings (including museums and boutique hotels) dating back to the 1800s.
- Each year, McKinney plays host to the Mickey Mantle World Series, a national baseball tournament for teens.
Looking for Property Management in McKinney, TX?
If you’re in the market to invest in real estate, you won’t find many better options than McKinney. The city boasts a healthy economy, homes are appreciating in value while still offering reasonable prices, and there’s a big demand for rentals, particularly from students.
Before investing in property, be sure to research the market and the different neighborhoods in McKinney. Gaining a firm understanding of the market will help you figure out what property and location will be the right choice for your long-term investment goals. Buying property near the historic downtown will be a huge draw for families who want to be able to walk to the restaurants and events, while property closer to the Collin College campus will likely be a bigger draw for students.
Once you’ve determined which property you’d like to invest in, it’s definitely in your best interest to connect with a McKinney, TX property management company. Just like purchasing property is a significant financial investment, property management is a significant investment of time and resources. It’s a full-time job, and having a professional property management company to manage the process for you can make owning property easier, less stressful and more lucrative in the long run.
Purchasing property is a major decision, and you’ll want to be sure that it’s the right decision for you. But if you’ve determined that property investment is the right choice for you, then you’ll definitely want to invest in McKinney.
If you have any questions or would like more information about investing in the area or partnering with a local property management company, feel free to reach out to LEAP Property Management. Our client-centric approach to property management and years of experience in managing properties in McKinney, TX can be a benefit throughout purchasing and managing your property.
We’re happy to provide information about McKinney property management so you can make an informed decision. We can provide expected rent, give you more information about what to expect from tenants, and provide a free quote for full-service management. Contact us today!