The housing market in McAllen, TX has been steadily appreciating over the past year. The median value of a home is currently at $204,100, significantly lower than the national median of $338,100. Despite the lower cost of entry, housing values in McAllen have enjoyed a 14.13% appreciation rate this year - nearly double that of the 8.27% national average. This makes McAllen an attractive destination for those looking to invest in real estate or just buy a new home.
The median home cost in McAllen is $204,100. Home appreciation the last 10 years has been 75.5%. Home Appreciation in McAllen is up 23.4%.
Average Age of Homes
- The median age of McAllen real estate is 28 years old
The Rental Market in McAllen
- Renters make up 34.8% of the McAllen population
- 3.2% of houses and apartments in McAllen, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.