Whereas the Keller, a suburb of Fort Worth, Texas, was a hot commodity in 2012, the up-and-coming area of McKinney proved to be the big draw in the Lone Star State. Dallas real estate expert Candy Evans of Candy’s Dirt points to its ease of access and forward-thinking growth plan as two big reasons why this Dallas suburb is on the rise:
“McKinney is fabulous, one of the nation’s fastest-growing communities because it offers a quieter, small-town style of living, yet is only 30 miles north of downtown Dallas. But that proximity really doesn’t matter because there are jobs all over Dallas and Collin Counties, spread out in “depots,” like the Telecom Corridor in Plano, Frisco, Richardson and Arlington. McKinney boasts charm, safety and great schools. Taxes are low, too, but keep in mind property taxes in Texas are high because we have no state income tax. You can choose from historic homes with quaint front porches, Victorians or brand new, ‘big hair’ McMansions with master spa baths and media rooms for less than $500,000.
“I think McKinney is a place to watch carefully in the future, too, for incredible growth and appreciation. Let’s look at the airport. In fact, it’s changing its name from the Collin County Regional Airport to the McKinney National Airport. (Editor’s note: This name change has already occurred.) It has a new, 1-year-old 70,000-foot runway set to service private jets. This is important because Dallas Love Field, the city’s oldest airport, will be free from the restraints of the Wright Amendment in October of 2014. The Wright Amendment restricted air traffic at Love Field to bordering states to help grow Dallas/Fort Worth Regional Airport back in the 1970s. McKinney could benefit from Love Field’s expansion, with many private and corporate jets landing there. That is going to accelerate the real estate market like crazy.”