McKinney Ranch Pkwy / Stacy Rd median real estate price is $561,446, which is more expensive than 87.2% of the neighborhoods in Texas and 71.3% of the neighborhoods in the U.S.
The average rental price in McKinney Ranch Pkwy / Stacy Rd is currently $2,064, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 68.6% of the neighborhoods in Texas.
McKinney Ranch Pkwy / Stacy Rd is a densely urban neighborhood (based on population density) located in McKinney, Texas.
McKinney Ranch Pkwy / Stacy Rd real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the McKinney Ranch Pkwy / Stacy Rd neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Real estate vacancies in McKinney Ranch Pkwy / Stacy Rd are 5.6%, which is lower than one will find in 60.0% of American neighborhoods. Demand for real estate in McKinney Ranch Pkwy / Stacy Rd is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in McKinney, the McKinney Ranch Pkwy / Stacy Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
If you like the look and ambience of new homes and newly built neighborhoods, you will love the McKinney Ranch Pkwy / Stacy Rd neighborhood. A whopping 87.8% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 98.2% of the neighborhoods in the U.S. Everything here just feels new. In fact, the concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during one time frame: 2000 through today.
In addition, one of the really unique and interesting things about the look and setting of the McKinney Ranch Pkwy / Stacy Rd neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 80.9% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.8% of all neighborhoods in America.
Furthermore, renter-occupied real estate is dominant in the McKinney Ranch Pkwy / Stacy Rd neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 84.8%, which is higher than 95.3% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.
Also of note, the McKinney Ranch Pkwy / Stacy Rd neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 82.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.
One of the really interesting characteristics about the McKinney Ranch Pkwy / Stacy Rd neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 3.1% of college-friendly places to live in the state of Texas.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the McKinney Ranch Pkwy / Stacy Rd neighborhood. In the McKinney Ranch Pkwy / Stacy Rd neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 97.9% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
Significantly, 2.5% of its residents five years old and above primarily speak Vietnamese at home. While this may seem like a small percentage, it is higher than 95.6% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the McKinney Ranch Pkwy / Stacy Rd neighborhood in McKinney are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.8% of the neighborhoods in America. In addition, 6.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 60.2% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the McKinney Ranch Pkwy / Stacy Rd neighborhood, 48.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (18.0%), and 13.6% in manufacturing and laborer occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the McKinney Ranch Pkwy / Stacy Rd neighborhood is English, spoken by 68.2% of households. Other important languages spoken here include Spanish, Chinese, Langs. of India and Vietnamese.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the McKinney Ranch Pkwy / Stacy Rd neighborhood in McKinney, TX, residents most commonly identify their ethnicity or ancestry as Asian (20.9%). There are also a number of people of Mexican ancestry (9.9%), and residents who report Irish roots (8.0%), and some of the residents are also of German ancestry (4.0%), along with some Polish ancestry residents (3.7%), among others. In addition, 27.2% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in McKinney Ranch Pkwy / Stacy Rd neighborhood spend between 15 and 30 minutes commuting one-way to work (33.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (63.4%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.3%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.