How McKinney in North Texas Luxury Real Estate Compares to Other States
- Nitin Gupta, CRS, REALTOR
- Feb 23
- 4 min read
McKinney, Texas, has emerged as a top destination for luxury real estate, offering spacious homes, high-end amenities, and strong property value appreciation. When compared to other luxury markets in the U.S.—such as California, Florida, and New York—McKinney provides a better cost-to-value ratio, lower taxes, and a family-friendly environment. Here’s how McKinney stacks up against other high-end markets.
1. Luxury Home Prices: More Space for Less Money
McKinney offers estate-style homes and custom-built mansions at a fraction of the price of homes in other luxury markets.
City | Luxury Home Price ($2M-$3M Range) | Lot Size | Home Size |
McKinney, TX | $2M – $3M | 1-5 acres | 5,000 – 8,000 sq. ft. |
Los Angeles, CA | $5M – $10M | 0.25-0.5 acres | 3,500 – 6,000 sq. ft. |
New York, NY (Westchester County) | $3M – $6M | 0.5-1 acre | 4,000 – 7,000 sq. ft. |
Miami, FL | $3M – $8M | 0.25-1 acre | 4,000 – 6,500 sq. ft. |
Key Takeaway:
Luxury buyers in McKinney get larger homes on bigger lots for significantly less than in Los Angeles, New York, or Miami.
2. Property Taxes & Cost of Living: Texas Has No State Income Tax
McKinney’s property taxes are higher than some states but offset by no state income tax.
City/State | Property Tax Rate | State Income Tax |
McKinney, TX | 2.0% – 2.5% | 0% (No state income tax) |
Los Angeles, CA | 1.1% | 13.3% (Highest in the U.S.) |
New York, NY | 1.6% – 2.5% | Up to 10.9% |
Miami, FL | 1.0% – 2.0% | 0% (No state income tax) |
Key Takeaway:
McKinney and Miami both avoid state income tax, but Texas’ luxury home prices are lower than Florida’s, offering better value.
3. Luxury Lifestyle & Amenities
McKinney competes with top-tier cities when it comes to luxury amenities, golf courses, and private club living.
McKinney’s High-End Offerings:
TPC Craig Ranch – A PGA Tour golf course with private memberships, an elite clubhouse, and luxury fitness facilities.
Stonebridge Ranch Country Club – Offers gated communities, private tennis courts, and a resort-style pool.
Equestrian & Ranch Estates – Unlike California or Florida, McKinney’s luxury homes often include private acreage for equestrian use.
Historic Downtown McKinney – Upscale dining, boutique shopping, and exclusive social clubs.
How It Compares to Other States:
California & Florida: More beachfront luxury, but higher costs and congestion.
New York: High-end living but less space and higher property taxes.
McKinney, TX: Spacious luxury homes, exclusive golf courses, and a relaxed high-end lifestyle.
4. Investment Potential & Market Growth
McKinney’s real estate market continues to appreciate, making it an attractive investment.
City | Luxury Home Price Growth (Past 5 Years) | Market Outlook |
McKinney, TX | 30%+ growth | Strong, high demand |
Los Angeles, CA | 15-20% growth | Slowing due to high taxes |
New York, NY | 10-15% growth | Mixed, depends on area |
Miami, FL | 25-35% growth | Strong, but hurricane risk |
Key Takeaway:
McKinney’s real estate is appreciating rapidly, making it a strong investment compared to Los Angeles or New York, where luxury market growth has slowed due to higher taxes and cost of living.
5. Family-Friendly Environment & Education
Unlike New York or Los Angeles, McKinney offers top-ranked schools, a lower crime rate, and a more suburban luxury feel, making it ideal for families.
Why Families Prefer McKinney Over Other Luxury Cities:
Top-Ranked Schools – McKinney ISD and nearby Frisco ISD have some of the best public schools in Texas.
Lower Crime Rate – McKinney is safer than major luxury cities like Miami or Los Angeles.
Less Congestion – Wide roads, open spaces, and planned communities make traffic less of an issue compared to New York or Los Angeles.
Final Verdict: Why McKinney Wins for Luxury Buyers
Factor | McKinney, TX | Los Angeles, CA | New York, NY | Miami, FL |
Home Value for Price | ✅ Best | ❌ Expensive | ❌ Expensive | ❌ Expensive |
State Income Tax | ✅ 0% | ❌ 13.3% | ❌ Up to 10.9% | ✅ 0% |
Property Size | ✅ Large Estates | ❌ Small Lots | ❌ Small Lots | ❌ Moderate |
Golf & Private Clubs | ✅ Exclusive | ✅ Exclusive | ✅ Exclusive | ✅ Exclusive |
Investment Potential | ✅ Strong | ⚠️ Slowing | ⚠️ Mixed | ✅ Strong |
Family-Friendly | ✅ Best for Families | ❌ High Cost of Living | ❌ Expensive & Crowded | ⚠️ Some Areas Good |
Who Should Consider McKinney?
Luxury homebuyers who want more space and privacy for their money.
Families looking for top-tier schools, safety, and a strong community.
Investors seeking high appreciation potential in a growing real estate market.
High-net-worth individuals looking to relocate from high-tax states like California and New York.
Would you like recommendations for McKinney’s top luxury communities and available estate homes?
Call us at 469-269-6541 for more information about McKinney real estate!
FIND A LUXURY HOME IN MCKINNEY, TEXAS WITH NITIN GUPTA, BROKER ASSOCIATE, REALTOR®.
When purchasing a luxury home in McKinney, Texas, it’s essential to consider factors such as location, architectural style, security, and amenities to ensure the home meets both lifestyle and investment needs. By selecting a property in a prestigious neighborhood with numerous amenities and security measures, buyers can ensure they’re making a valuable and rewarding investment in the vibrant McKinney market.
For those looking to invest in luxury homes in McKinney, Texas, Nitin Gupta is an expert real estate professional ready to assist. Known for his extensive experience, market insights, and numerous awards, he is committed to finding his clients the best properties in the area.
Contact Nitin Gupta at 469-269-6541 or send a message today to explore exclusive listings and secure your ideal luxury residence in one of McKinney elite communities.
