Mission, TX 78572 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Mission, TX—78572

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$197,000

0.0% YoY Growth

Household Income

$54,000

28.9% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,350

2.5% YoY Growth

1-Bed Rent

$875

0.5% YoY Growth

2-Bed Rent

$1,200

0.0% YoY Growth

3-Bed Rent

$1,500

2.3% YoY Growth

Home Price Trends — Mission, TX

As of May '26, the median home price in Mission, TX is $197,000, with a year-over-year change of 0.0%. This indicates that home prices in Mission, TX are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$197,000	0.0%
Single Family	$199,000	0.0%
Condos	$115,000	1.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Mission, TX

As of July '25, Rentcast reports the average rent in Mission, TX is $1,580, with a year-over-year rent change of -2.5%. Per bedroom, the median rent as of July '25 in Mission, TX is 1-bedrooms: $813, 2-bedrooms: $1,090, 3-bedrooms: $1,680, 4-bedrooms: $2,570. The most common rental property sizes in Mission, TX are 2-bedroom and 3-bedroom, accounting for 48.0% and 24.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,350	$1,580
Studio Rent	N/A	N/A
1 Bed Rent	$875	$813
2 Bed Rent	$1,200	$1,090
3 Bed Rent	$1,500	$1,680
4 Bed Rent	$2,450	$2,570

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% of Rental Stock

Studio

2.6%

1 Bedroom

19.3%

2 Bedrooms

48.0%

3 Bedrooms

24.8%

4 Bedrooms

4.9%

5+ Bedrooms

0.4%

Property Listings — Mission, TX

As of May '26, Realtor.com reports that the median days on market for a home in Mission, TX is 86. This is a increase of 19.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$265,000	-6.0%
Listing Count	393	14.0%
Listings as % of Homes	0.7%	14.0%
Days on Market	86	19.0%

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Demographics — Mission, TX

As of the latest ACS Survey released in 2023, Mission, TX has a population of 78,200, which has decreased by -2.5% over the past 5 years. Mission, TX is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	78,200	-2.5%
% Under 18	26.8%	-15.2%
% Seniors	18.9%	23.5%
% WFH	8.5%	34.9%
% w/ College Degree	25.0%	18.5%

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As of the latest ACS Survey released in 2023, Mission, TX is a predominantly hispanic area, with 85.1% of the population identifying as hispanic. The hispanic population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Mission, TX is white, making up 12.0% of the population. Foreign-born residents account for 28.4% of the population in Mission, 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	12.0%	14.3%
% Black	0.8%	700.0%
% Hispanic	85.1%	-3.1%
% Asian	1.8%	5.9%
% Foreign Born	28.4%	-2.1%

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Mortgage and Risk — Mission, TX

According to HUD data as of 2023, there were 610 mortgage originations in Mission, TX, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Mission, TX. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	610
% Conventional Loans	58.0%
% Government Loans	42.0%
% Investor Loans	3.0%
% Second Loans	4.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Mission, TX

As of 2024, the percent of homes in Mission, TX under the Section 8 program is 10.8%. 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. In Mission, TX, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1,091
Total Units Section 8	766
% Rentals under Section 8	10.8%
% Occupied Section 8	96.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$65	$875	$810
2 Bedroom	-$190	$1,200	$1,010
3 Bedroom	-$190	$1,500	$1,310
4 Bedroom	-$990	$2,450	$1,460

Mission, TX—78572

Key Metrics at a Glance

Home Price Trends — Mission, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mission, TX

% of Rental Stock

Property Listings — Mission, TX

Demographics — Mission, TX

Race and Ethnicity

Mortgage and Risk — Mission, TX

Mortgages

Rentals and Section 8 — Mission, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Mission, TX

Home Price to Income Ratio

Mission, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McAllen, TX

Alton, TX

La Homa, TX

McAllen, TX

Hidalgo, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$197,000
Median Household Income	$54,000

Mission, TX—78572

Key Metrics at a Glance

Home Price Trends — Mission, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Mission, TX

% of Rental Stock

Property Listings — Mission, TX

Demographics — Mission, TX

Race and Ethnicity

Mortgage and Risk — Mission, TX

Mortgages

Rentals and Section 8 — Mission, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Mission, TX

Home Price to Income Ratio

Mission, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McAllen, TX

Alton, TX

La Homa, TX

McAllen, TX

Hidalgo, TX

Frequently Asked Questions

What is the average home price in Mission, TX 78572?

How have home prices in Mission, TX 78572 changed over the past year?

What is the home price projection for Mission, TX 78572?

What are the demographics of Mission, TX 78572?

How long does it take homes to sell in Mission, TX 78572?

What is the average rent price in Mission, TX 78572?