Power Team Texas Realty, your Top Dallas-Fort Worth Real Estate Agent serving McKinney, TX

McKinney, TX

McKinney, TX larger medium-sized city located in Collin County. With a population of approximately 150,000 people and 25 constituent neighborhoods, McKinney is the 19th largest community in Texas. McKinney has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures.

Real Estate in McKinney, TX

McKinney is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, McKinney really has some of the features that families look for when choosing a good community to raise children.

McKinney is a very ethnically-diverse city. The people who call McKinney home describe themselves as belonging to a variety of racial and ethnic groups.

Exploring the McKinney, TX Community

McKinney real estate is some of the most expensive in Texas, although McKinney house values don’t compare to the most expensive real estate in the U.S.

McKinney is a decidedly white-collar city, with a majority of the workforce employed in white-collar jobs, well above the national average. Overall, McKinney is a city of professionals, sales and office workers and managers. There are especially a lot of people living in McKinney who work in management occupations, sales jobs and office and administrative support.

The McKinney we know today: a town that is growing quickly and was chosen by Money Magazine in 2014 as the #1 Best Place to Live in the country. A diverse and thriving economy, a quality way of life and leadership and citizens dedicated to celebrating our roots serve us today and are paving the way for continued growth into the future. More information about the city of Plano can be found with Power Team Texas Realty. You can reach the agency by calling (214) 733-9040.

McKinney History

The area we now call Collin County was originally settled by pioneers offered free land by colonizers like William S. Peters and associates. Colonizers were hired by the state of Texas to introduce settlers into this area, which was at first was called Peter’s Colony. The offer typically included up to 640 acres of land, a gun and help building a cabin. The Peter’s Colony settlers came in 1841.

Settlers arrived in wagons pulled by oxen or horses and braved the threats of weather, wild animals and native Indians for the promise of free land and a better life. They found that life here in the fertile land was rich but hard. Some left, abandoning their claims, but many stayed on and still more came, establishing farms, communities and commerce.

Settlers found that the native grasses would only feed grazing animals well when it was green, and the soil, though fertile, was a quagmire when it rained, so transportation of agricultural goods was nearly impossible. Enter the Houston and Texas Central Railroad in 1872. With reliable transportation, people and goods could move in and out of McKinney, and this development stimulated a time of unprecedented growth in the town.

Over the next 50 years, cotton became a major source of revenue in Collin County. In 1860, the yield was 16 bales, and in 1870 it was 4,371 bales. In 1870, there was one cotton gin in McKinney, but by 1876, there were four. A cotton compress began operation in 1892, and was still in operation until the mid-1980s. The first textile mill – The Texas Cotton Mill Company – was opened in McKinney in 1910. It was one of only two mills west of the Mississippi that manufactured color-print cloth. It later became a major manufacturer of denim.

The region also produced large amounts of corn, wheat and oats. The high yields placed Collin County among the top producers in the state. This stimulated the growth of the grain processing industry here. One of the earliest mills was established in 1892 and operated until the 1970s. Another was established in 1894, and in 1906 built new facilities that are still in use today.

The growing prosperity meant that bigger and better facilities were needed for the county seat. In 1866, the Commissioner’s Court imposed a special courthouse and jail tax, and in 1874 building on the new courthouse began. When it was completed in 1875, it was the tallest building in Texas north of San Antonio.

The booming economy meant better infrastructure and larger homes for many of the leading citizens. Many of McKinney’s most impressive historic homes were built in the 1890s. By 1885, the city had newspapers, banks, flour mills, an opera house, churches and two thousand residents.