75070, Mckinney, TX

Home Equity and Home Prices in the 75070 Zip Code of Mckinney, TX

The 75070 zip code of Mckinney, TX has a median home value of $166,000. This is higher than the statewide median home value of $151,600. The 75070 zip code also has a higher than average percentage of homes with equity (47%). This means that more homes in this zip code are worth more than what is owed on the mortgage.

There are several factors that may contribute to the high home equity and home prices in the 75070 zip code. First, this area is affluent and has a high rate of homeownership. Second, there is a low rate of foreclosure activity in this area which may lead to increased values. Finally, there is limited available land within this zip code which may drive up prices as well.