McAllen, TX—78504
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 $260,000, with a year-over-year change of 0.1%. This indicates that home prices in McAllen, TX are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 0.1% |
| Single Family | $261,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | -0.5% |
3 Bed | $234,000 | -0.4% |
4 Bed | $319,000 | 0.6% |
| 5 Bed | $472,000 | 0.4% |
% of Housing Stock
Rental Trends — McAllen, TX
As of July '25, Rentcast reports the average rent in McAllen, TX is $1,620, with a year-over-year rent change of 2.5%. Per bedroom, the median rent as of July '25 in McAllen, TX is studios: $938, 1-bedrooms: $868, 2-bedrooms: $1,150, 3-bedrooms: $1,740, 4-bedrooms: $2,540. The most common rental property sizes in McAllen, TX are 2-bedroom and 3-bedroom, accounting for 38.1% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,620 |
| Studio Rent | $725 | $938 |
| 1 Bed Rent | $800 | $868 |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $1,700 | $1,740 |
| 4 Bed Rent | $2,350 | $2,540 |
% 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 74. This is a increase of 7.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | -6.0% |
Listing Count | 414 | 34.0% |
| Listings as % of Homes | 0.9% | 34.0% |
Days on Market | 74 | 7.0% |
Demographics — McAllen, TX
As of the latest ACS Survey released in 2023, McAllen, TX has a population of 61,800, which has increased by 10.4% over the past 5 years. McAllen, TX is a popular place for families, as children make up 29.8% of the population. The area has a moderately educated workforce, with 40.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,800 | 10.4% |
% Under 18 | 29.8% | 0.7% |
% Seniors | 10.3% | 8.4% |
% WFH | 10.0% | 138.1% |
% w/ College Degree | 40.4% | 8.0% |
As of the latest ACS Survey released in 2023, McAllen, TX is a predominantly hispanic area, with 82.2% of the population identifying as hispanic. The hispanic population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in McAllen, TX is white, making up 11.0% of the population. Foreign-born residents account for 23.6% of the population in McAllen, TX, and this percentage has increased by 15.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 11.0% | -23.1% |
% Black | 0.8% | -42.9% |
% Hispanic | 82.2% | 3.0% |
% Asian | 4.7% | 27.0% |
% Foreign Born | 23.6% | 15.1% |
Mortgage and Risk — McAllen, TX
According to HUD data as of 2023, there were 119 mortgage originations in McAllen, TX, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in McAllen, TX. Investor activity is low, as 12.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 12.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — McAllen, TX
As of 2024, the percent of homes in McAllen, TX under the Section 8 program is 3.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in McAllen, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 233 |
Total Units Section 8 | 233 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $800 | $970 |
| 2 Bedroom | $110 | $1,100 | $1,210 |
| 3 Bedroom | -$130 | $1,700 | $1,570 |
| 4 Bedroom | -$610 | $2,350 | $1,740 |
Affordability — McAllen, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $260,000 |
| Median Household Income | $77,600 |