Will the RTX and Prysmian/Encore Wire Manufacturing Expansions Actually Bring Enough New Buyers to Stop McKinney Home Prices From Falling?

Will the RTX and Prysmian/Encore Wire manufacturing expansions actually bring enough new buyers to stop McKinney home prices from falling? Not by themselves, and not right away - these projects add real, well-paying jobs to McKinney and Collin County, but the hiring ramp-up is too slow and too spread out to single-handedly reverse a broader price correction happening now.

If you've been watching McKinney home values dip or flatten over the past year while local headlines tout new manufacturing investment, it's a fair question to ask: shouldn't all those new jobs be pushing prices back up? The honest answer is more nuanced than a simple yes or no. Manufacturing expansions like the RTX facility and the Prysmian/Encore Wire cable plant do create demand - new employees need somewhere to live, and many of them will want to buy rather than rent long-term. But job announcements and actual household formation don't happen on the same calendar. Hiring for large industrial projects typically unfolds over several years, not months, and a meaningful share of new hires relocate gradually, rent before buying, or already live within commuting distance in Collin County or nearby counties. Meanwhile, the forces currently pressing on McKinney home prices - elevated mortgage rates, a swell of new-construction inventory competing with resale homes, and buyers who've simply gotten more price-sensitive - are acting in real time. This post walks through what these two projects actually mean for local housing demand, how long it realistically takes for job growth to show up in home prices, and what sellers and buyers in McKinney should watch for over the next 12 to 24 months.

What RTX and Prysmian/Encore Wire Actually Bring to McKinney

Both projects represent genuine, long-term investment in the McKinney economy. RTX's expansion adds advanced manufacturing and engineering jobs, while Prysmian's acquisition and expansion of the Encore Wire campus keeps a major industrial employer rooted in the area with plans to grow production capacity. These aren't speculative announcements - they're capital-intensive commitments that signal confidence in McKinney and Collin County as a place to build and hire for the long haul.

That said, 'new jobs' and 'new home buyers' aren't the same thing on the same timeline. Large-scale hiring for manufacturing and engineering roles happens in phases tied to construction completion, equipment installation, and production ramp-up. It's common for a facility to announce hundreds or even thousands of jobs over a five-to-ten-year horizon, with the bulk of hiring backloaded toward the middle and later years. That's very different from an announcement that instantly puts hundreds of new buyers into the McKinney market this spring.

Why Job Growth Doesn't Immediately Stop Price Declines

Home prices respond to the balance between active buyers and available inventory right now, not to job totals promised for 2028. Several factors specific to today's McKinney market are working against a quick price rebound, regardless of employment news:

• New construction supply: Builders across McKinney and the broader Collin County corridor have continued delivering new homes, giving buyers more choices and more room to negotiate.
• Mortgage rate sensitivity: Even well-paid new hires are budgeting around current borrowing costs, which stretches how much home their income can comfortably support.
• Relocation timing: Many employees hired for phased manufacturing ramp-ups rent for a year or two before committing to a purchase, especially if they're relocating from out of state.

None of this means the jobs don't matter - it means their effect on home values shows up gradually, as a floor under demand rather than a sudden price spike.

Where the Impact Is Most Likely to Show Up First

If these projects do move the needle, the earliest signs will likely appear in specific pockets of the market rather than McKinney-wide. Homes priced for early-career engineers and skilled tradespeople - generally in the mid-range price bands rather than luxury inventory - tend to absorb new-hire demand first. Neighborhoods with straightforward commutes to the industrial and airport-area employment corridor, including areas near McKinney's growing data center and industrial expansion near the airport, are worth watching closely as that employment base builds out alongside RTX and Prysmian/Encore Wire.

It's also worth remembering that Collin County's housing market doesn't move in isolation. Employers drawing talent regionally means some of that demand could land in Frisco, Allen, or Prosper just as easily as McKinney proper, which dilutes the direct price effect on any single city.

What This Means If You're Selling in McKinney Right Now

If you're deciding whether to list your McKinney home today or wait for these projects to mature, know that pricing strategy matters more than timing the jobs headline. Overpricing in hopes that manufacturing news will bail out your number is a common and costly mistake in a market where buyers have options and are watching days-on-market closely.

A more reliable approach is pricing based on current comparable sales and genuine buyer demand in your specific neighborhood, whether that's Stonebridge Ranch, Craig Ranch, or a subdivision closer to the industrial corridor. Manufacturing growth is a long-term tailwind worth factoring into your outlook, but it shouldn't be the basis for today's list price.

What This Means If You're Buying

Buyers weighing McKinney against nearby markets should treat these expansions as a signal of long-term stability rather than a reason to rush before prices 'take off.' If you're also comparing McKinney to markets further south, you might find it useful to read this comparison of McKinney against Mansfield and Midlothian for a broader view of how Collin County stacks up against other growing Texas suburbs right now.

Frequently Asked Questions

How long until RTX and Prysmian/Encore Wire hiring affects McKinney home prices?

Most large manufacturing hiring ramps unfold over several years, so any meaningful upward pressure on McKinney home prices from these projects is more likely a multi-year trend than a near-term event.

Should I wait to sell my McKinney home until these jobs fully ramp up?

Waiting on a future jobs timeline is risky since current market conditions - inventory, rates, and buyer demand - determine your sale price today, not projected employment years from now.

Which McKinney neighborhoods benefit most from manufacturing job growth?

Areas with practical commutes to the industrial and airport employment corridor, and homes priced for early-career professionals and skilled tradespeople, tend to see demand first.

Want a value estimate that factors in McKinney's new job growth? Get a custom market analysis today with Jane Clark at Keller Williams McKinney, and get a clear, honest read on where your McKinney or Collin County home really stands.