The city of McKinney, Texas, has experienced significant growth and development in recent years, making it an attractive destination for homebuyers and investors alike. One of the most sought-after areas in McKinney is University Drive, located in the 75071 zip code. This guide will provide an in-depth look at the real estate market in University Drive, McKinney, TX 75071, including its history, amenities, schools, transportation, and current market trends.
History of University Drive, McKinney, TX 75071
University Drive, McKinney, TX 75071, has a rich history that dates back to the early 20th century. The area was initially developed as a rural farming community, with many families owning large tracts of land. However, with the growth of the city of McKinney and the expansion of the Collin County Community College District, the area began to transform into a vibrant and diverse community.
Amenities in University Drive, McKinney, TX 75071
University Drive, McKinney, TX 75071, offers a wide range of amenities that make it an attractive place to live, work, and play. Some of the amenities in the area include:
- Collin County Community College District: The college district has several campuses in the area, providing access to higher education and workforce training.
- Medical City McKinney: A 260-bed hospital that provides comprehensive medical services to the community.
- McKinney Performing Arts Center: A state-of-the-art performing arts center that hosts a variety of shows and events throughout the year.
- McKinney Parks and Recreation: The city of McKinney has several parks and recreational facilities in the area, including the McKinney Community Park and the Apex Centre.
- Shopping and Dining: University Drive has a variety of shopping centers, including the McKinney Marketplace and the University Drive Shopping Center. The area is also home to several restaurants, including fast food, casual dining, and fine dining establishments.
Schools in University Drive, McKinney, TX 75071
The schools in University Drive, McKinney, TX 75071, are highly rated and serve the community well. Some of the schools in the area include:
- McKinney Independent School District: The district serves the city of McKinney and surrounding areas, with several schools located in the University Drive area.
- Collin County Community College District: The college district has several campuses in the area, providing access to higher education and workforce training.
- Private Schools: There are several private schools in the area, including the McKinney Christian Academy and the Imagine International Academy of North Texas.
Transportation in University Drive, McKinney, TX 75071
University Drive, McKinney, TX 75071, has easy access to major highways and transportation routes, making it convenient for commuters and travelers. Some of the major transportation routes in the area include:
- US Highway 75: A major north-south highway that connects McKinney to Dallas and other surrounding cities.
- State Highway 121: A major east-west highway that connects McKinney to the Dallas-Fort Worth Metroplex.
- Dallas North Tollway: A toll road that connects McKinney to the Dallas-Fort Worth Metroplex.
- McKinney Transit: The city of McKinney has a public transportation system that provides bus service throughout the city.
Real Estate Market Trends in University Drive, McKinney, TX 75071
The real estate market in University Drive, McKinney, TX 75071, is highly competitive, with a wide range of properties available for sale and rent. Some of the current market trends in the area include:
- Home Prices: The median home price in University Drive, McKinney, TX 75071, is around $300,000, with prices ranging from the mid-$200,000s to over $1 million.
- Rentals: The median rent in University Drive, McKinney, TX 75071, is around $1,500 per month, with prices ranging from around $1,000 to over $3,000 per month.
- New Construction: There are several new construction projects in the area, including single-family homes, townhomes, and apartments.
- Resale Homes: There are also several resale homes in the area, including single-family homes, townhomes, and condos.
Tips for Homebuyers and Investors in University Drive, McKinney, TX 75071
If you're considering buying or investing in real estate in University Drive, McKinney, TX 75071, here are a few tips to keep in mind:
- Research the Area: Take the time to research the area and get a feel for the community.
- Work with a Local Realtor: Working with a local realtor can help you navigate the market and find the right property for your needs.
- Consider New Construction: New construction projects can offer a wide range of benefits, including energy efficiency and modern amenities.
- Look for Resale Value: Consider the resale value of the property and how it may appreciate over time.
Gallery of University Drive, McKinney, TX 75071
FAQs about University Drive, McKinney, TX 75071
What is the median home price in University Drive, McKinney, TX 75071?
+The median home price in University Drive, McKinney, TX 75071, is around $300,000.
What are the schools like in University Drive, McKinney, TX 75071?
+The schools in University Drive, McKinney, TX 75071, are highly rated and serve the community well.
What are the transportation options like in University Drive, McKinney, TX 75071?
+University Drive, McKinney, TX 75071, has easy access to major highways and transportation routes.
We hope this guide has provided you with a comprehensive overview of the real estate market in University Drive, McKinney, TX 75071. Whether you're a homebuyer, investor, or simply looking for information about the area, we hope this guide has been helpful.