McAllen, TX—78501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McAllen, TX
As of Oct '25, the median home price in McAllen, TX is $190,000, with a year-over-year change of -3.4%. This indicates that home prices in McAllen, TX are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $190,000 | -3.4% |
| Single Family | $193,000 | -3.0% |
| Condos | $143,000 | -7.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $72,000 | -11.1% |
2 Bed | $127,000 | -4.5% |
3 Bed | $194,000 | -3.0% |
4 Bed | $276,000 | 0.4% |
| 5 Bed | $391,000 | 1.0% |
% of Housing Stock
Rental Trends — McAllen, TX
As of July '25, Rentcast reports the average rent in McAllen, TX is $1,320, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in McAllen, TX is studios: $2,250, 1-bedrooms: $824, 2-bedrooms: $1,070, 3-bedrooms: $1,650, 4-bedrooms: $2,270. The most common rental property sizes in McAllen, TX are 2-bedroom and 3-bedroom, accounting for 42.3% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,320 |
| Studio Rent | $700 | $2,250 |
| 1 Bed Rent | $750 | $824 |
| 2 Bed Rent | $1,080 | $1,070 |
| 3 Bed Rent | $1,520 | $1,650 |
| 4 Bed Rent | $2,200 | $2,270 |
% of Rental Stock
Property Listings — McAllen, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in McAllen, TX is 67. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 1.0% |
Listing Count | 221 | 23.0% |
| Listings as % of Homes | 0.4% | 23.0% |
Days on Market | 67 | 2.0% |
Demographics — McAllen, TX
As of the latest ACS Survey released in 2023, McAllen, TX has a population of 59,100, which has decreased by -7.0% over the past 5 years. McAllen, TX is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,100 | -7.0% |
% Under 18 | 24.7% | -7.1% |
% Seniors | 17.1% | 11.0% |
% WFH | 12.1% | 188.1% |
% w/ College Degree | 26.6% | 5.6% |
As of the latest ACS Survey released in 2023, McAllen, TX is a predominantly hispanic area, with 89.2% of the population identifying as hispanic. The hispanic population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in McAllen, TX is white, making up 7.9% of the population. Foreign-born residents account for 27.7% of the population in McAllen, TX, and this percentage has decreased by 2.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 7.9% | -22.5% |
% Black | 0.9% | 80.0% |
% Hispanic | 89.2% | 1.8% |
% Asian | 1.6% | -5.9% |
% Foreign Born | 27.7% | -2.1% |
Mortgage and Risk — McAllen, TX
According to HUD data as of 2023, there were 195 mortgage originations in McAllen, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in McAllen, TX. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 195 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — McAllen, TX
As of 2024, the percent of homes in McAllen, TX under the Section 8 program is 12.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in McAllen, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,454 |
Total Units Section 8 | 1,364 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 96.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $750 | $850 |
| 2 Bedroom | -$20 | $1,080 | $1,060 |
| 3 Bedroom | -$140 | $1,520 | $1,380 |
| 4 Bedroom | -$670 | $2,200 | $1,530 |
Affordability — McAllen, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $190,000 |
| Median Household Income | $49,500 |