McKinney Ranch Pkwy / Stacy Rd median real estate price is $541,210, which is more expensive than 85.2% of the neighborhoods in Texas and 70.2% of the neighborhoods in the U.S.
The average rental price in McKinney Ranch Pkwy / Stacy Rd is currently $2,262, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.4% 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.
McKinney Ranch Pkwy / Stacy Rd has a 15.9% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 79.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
People
In a nation where 1 out of every 4 children lives in poverty, the McKinney Ranch Pkwy / Stacy Rd neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, 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 4.3% of college-friendly places to live in the state of Texas.
Real Estate
Homes built from 2000 through today make up a higher proportion of the McKinney Ranch Pkwy / Stacy Rd neighborhood's real estate landscape than 98.6% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 88.2% of the residential real estate here is classified as newer. 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. 81.0% 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 96.9% 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 86.2%, which is higher than 95.7% 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 82.3% 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.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The McKinney Ranch Pkwy / Stacy Rd neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Long commutes can be brutal. They take time, money, and energy, leaving less of you for yourself and your family. The residents of the McKinney Ranch Pkwy / Stacy Rd neighborhood unfortunately have the distinction of having, on average, a longer commute than most any neighborhood in America. 10.9% of commuters here travel more than one hour just one-way to work. That is more than two hours per day. This percentage with two-hour + round-trip commutes is higher than NeighborhoodScout found in 96.3% of all neighborhoods in America.
Diversity
Did you know that the McKinney Ranch Pkwy / Stacy Rd neighborhood has more Czechoslovakian and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.0% of this neighborhood's residents have Czechoslovakian ancestry and 2.5% have British ancestry.
McKinney Ranch Pkwy / Stacy Rd is also pretty special linguistically. Significantly, 1.9% of its residents five years old and above primarily speak African languages at home. While this may seem like a small percentage, it is higher than 95.0% 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 lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 68.0% of U.S. neighborhoods. In addition, 0.0% 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 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the McKinney Ranch Pkwy / Stacy Rd neighborhood, 41.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (21.6%), and 15.0% in clerical, assistant, and tech support occupations.
Languages
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 69.2% of households. Other important languages spoken here include Spanish, Chinese and Langs. of India.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the McKinney Ranch Pkwy / Stacy Rd neighborhood in McKinney, TX, residents most commonly identify their ethnicity or ancestry as Asian (20.7%). There are also a number of people of German ancestry (12.8%), and residents who report Irish roots (11.9%), and some of the residents are also of Mexican ancestry (8.5%), along with some English ancestry residents (3.4%), among others. In addition, 22.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in McKinney Ranch Pkwy / Stacy Rd neighborhood spend under 15 minutes commuting one-way to work (32.1% of working residents), one of the shortest commutes across America. However, there is also a significant group of residents (10.9%) who commute over an hour in each direction.
Here most residents (83.1%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
