Pharr, TX 78577 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pharr, TX—78577

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$163,000

2.2% YoY Growth

Household Income

$49,800

26.4% YoY Growth

Days on Market

18.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$1,220

2.4% YoY Growth

1-Bed Rent

$800

3.3% YoY Growth

2-Bed Rent

$1,000

1.9% YoY Growth

3-Bed Rent

$1,300

0.7% YoY Growth

Home Price Trends — Pharr, TX

As of Dec '25, the median home price in Pharr, TX is $163,000, with a year-over-year change of -2.2%. This indicates that home prices in Pharr, TX are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$163,000	-2.2%
Single Family	$163,000	-2.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Pharr, TX

As of July '25, Rentcast reports the average rent in Pharr, TX is $1,270, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Pharr, TX is 1-bedrooms: $835, 2-bedrooms: $1,050, 3-bedrooms: $1,400, 4-bedrooms: $2,110. The most common rental property sizes in Pharr, TX are 2-bedroom and 3-bedroom, accounting for 45.0% and 34.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,220	$1,270
Studio Rent	N/A	N/A
1 Bed Rent	$800	$835
2 Bed Rent	$1,000	$1,050
3 Bed Rent	$1,300	$1,400
4 Bed Rent	$1,850	$2,110

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% of Rental Stock

Studio

2.2%

1 Bedroom

11.7%

2 Bedrooms

45.0%

3 Bedrooms

34.5%

4 Bedrooms

5.3%

5+ Bedrooms

1.3%

Property Listings — Pharr, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Pharr, TX is 80. This is a increase of 4.0% 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	$210,000	-10.0%
Listing Count	244	41.0%
Listings as % of Homes	0.5%	41.0%
Days on Market	98	18.0%

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Demographics — Pharr, TX

As of the latest ACS Survey released in 2023, Pharr, TX has a population of 79,900, which has increased by 2.7% over the past 5 years. Pharr, TX is a popular place for families, as children make up 32.9% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	79,900	2.7%
% Under 18	32.9%	-4.1%
% Seniors	10.6%	-9.4%
% WFH	6.2%	26.5%
% w/ College Degree	17.5%	16.7%

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As of the latest ACS Survey released in 2023, Pharr, TX is a predominantly hispanic area, with 95.0% of the population identifying as hispanic. The hispanic population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Pharr, TX is white, making up 4.5% of the population. Foreign-born residents account for 29.0% of the population in Pharr, TX, and this percentage has decreased by 9.7% 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	4.5%	-15.1%
% Black	0.6%	500.0%
% Hispanic	95.0%	1.0%
% Asian	0.2%	-50.0%
% Foreign Born	29.0%	-9.7%

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Mortgage and Risk — Pharr, TX

According to HUD data as of 2023, there were 432 mortgage originations in Pharr, TX, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Pharr, TX. Investor activity is low, as 11.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	432
% Conventional Loans	55.0%
% Government Loans	45.0%
% Investor Loans	11.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Pharr, TX

As of 2024, the percent of homes in Pharr, TX under the Section 8 program is 9.6%. 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Pharr, TX, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,162
Total Units Section 8	975
% Rentals under Section 8	9.6%
% Occupied Section 8	93.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$20	$800	$820
2 Bedroom	$20	$1,000	$1,020
3 Bedroom	$30	$1,300	$1,330
4 Bedroom	-$380	$1,850	$1,470

Pharr, TX—78577

Key Metrics at a Glance

Home Price Trends — Pharr, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pharr, TX

% of Rental Stock

Property Listings — Pharr, TX

Demographics — Pharr, TX

Race and Ethnicity

Mortgage and Risk — Pharr, TX

Mortgages

Rentals and Section 8 — Pharr, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Pharr, TX

Home Price to Income Ratio

Pharr, TX — ZIP Code Boundary Map

Nearby ZIP Codes

San Juan, TX

McAllen, TX

McAllen, TX

Alamo, TX

Hidalgo, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$163,000
Median Household Income	$49,800

Pharr, TX—78577

Key Metrics at a Glance

Home Price Trends — Pharr, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pharr, TX

% of Rental Stock

Property Listings — Pharr, TX

Demographics — Pharr, TX

Race and Ethnicity

Mortgage and Risk — Pharr, TX

Mortgages

Rentals and Section 8 — Pharr, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Pharr, TX

Home Price to Income Ratio

Pharr, TX — ZIP Code Boundary Map

Nearby ZIP Codes

San Juan, TX

McAllen, TX

McAllen, TX

Alamo, TX

Hidalgo, TX

Frequently Asked Questions

What is the average home price in Pharr, TX 78577?

How have home prices in Pharr, TX 78577 changed over the past year?

What is the home price projection for Pharr, TX 78577?

What are the demographics of Pharr, TX 78577?

How long does it take homes to sell in Pharr, TX 78577?

What is the average rent price in Pharr, TX 78577?