Mckinney, TX
- Overview
- Performance
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Key Performance Metrics
Market snapshotPerformance indicators for the Mckinney short-term rental market based on reliable data.
Listings
254 / 735
Reliable / Active
Cap Rate
7%
Middle-Earners Gross Yield
Revenue
$35,178
Middle-Earners Revenue
Occupancy
62%
Middle-Earners Occupancy
Home Value
$481,144
Median Home Sale Price
Top Earners
$59,163
Top-Earners Revenue
Mckinney
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Mckinney.
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Generally Investor friendly
Mckinney Regulations
McKinney allows STRs citywide with no STR-specific licensing requirements, only requiring standard zoning/building permits. The primary regulatory burden is tax compliance (7% city + 6% state HOT) with manageable monthly/quarterly reporting and penalties, but enforcement focuses on tax collection rather than operational restrictions. While not as streamlined as 'A' grade jurisdictions, the regulatory framework is investor-friendly with clear processes and no meaningful caps or zoning constraints.
Local STR Agent
STR specialist · Mckinney, TX
About Mckinney
McKinney, Texas, with an estimated population of around 202,000 residents as of 2023, is a city located approximately 32 miles north of Dallas, the closest major city. McKinney is known for its blend of historic charm and modern amenities, making it an appealing location for short-term rentals.
Established in 1848, McKinney boasts a rich history visible in its well-preserved downtown area, known as the McKinney Historic Downtown. This area features numerous shops, restaurants, and notable landmarks such as the McKinney Performing Arts Center situated in the old courthouse: McKinney Performing Arts Center.
The city is also home to several parks and natural areas that appeal to visitors. For example, the Heard Natural Science Museum & Wildlife Sanctuary offers trails and educational exhibits: Heard Museum. Families often enjoy visiting the Towne Lake Recreation Area, which provides opportunities for boating, fishing, and picnicking: Towne Lake Recreation Area.
Additionally, McKinney's appeal for short-term rentals is enhanced by its strong sense of community, evidenced by various events such as the annual McKinney Oktoberfest and the holiday-themed McKinney Christmas Parade: McKinney Events.
Overall, McKinney's proximity to Dallas, coupled with its historical sites, recreational facilities, and vibrant community events, makes it a desirable location for short-term rentals.