McAllen Real Estate Market Overview
Average Monthly Rent:
$782
Percentage Change in Home Price/Value:
5.4%
Median Home Value:
$145,568
Best Time To Sell Home:
April
Affordability Index:
High
Days To Sell House:
112
Job Market:
Fair
Public School Ranking:
33
Selling a House in McAllen, TX
In Texas, selling a home in June is going to be the most beneficial. Not only do homes sell faster during this month, but they’re often bought at a higher price. The median home value in McAllen is around $120,000 to $145,000, but it is predicted to slightly decrease within the next year. If you find yourself desperate to sell your home within a limited amount of time, traditional real estate methods may not work for you. iBuyers have shown success in providing customers with an expedited sale and seamless selling process. Thanks to iBuyers, homeowners don’t have to wait for offers, pay for renovations or hope their home will be bought within their desired time-frame. iBuyers will purchase your house sight un-seen, and will provide you an offer within a day’s time.
Location & Weather
McAllen is located in the southern region of Texas known as Hidalgo County, along the Rio Grande and Mexican border. It’s about 80 miles from the Gulf of Mexico, which explains why many of its residents participate in water-based activities during their free time. McAllen is known for having a quiet downtown, but it also has many nightclubs, pubs and an entire entertainment district. McAllen residents also have the option of spending their days exploring attractions like the Quinta Mazatlán mansion, participating in hands-on exhibits at the International Museum of Arts and Sciences, or shopping at the La Plaza Mall.
Year-round, the weather in McAllen is windy and partly cloudy. Summers are extremely hot, with highs just under 100 degrees and lows in the mid 70’s. The winters are cool and dry, with highs in the 70’s and lows in the 50’s.
Population, Job Market & Cost of Living
McAllen has a population of almost 140,000 people, and a growth rate of .984%. The job growth has increased by 2.1% over the last year and in ten years, is predicted to have increased by 36.1%. The major industries here include health care and social assistance, educational services, and retail trade. The biggest companies to work for are AM Mex Products, McAllen ISD, L & F distributors, Inter National Bank and AIM Media Texas. McAllen’s cost of living is 24% lower than the national average, making it a more affordable place to live in Texas.
Considering its strong Hispanic heritage, many educational opportunities, hot summers and diverse population, McAllen lives up to its reputation as one of the best and cheapest places to live within Texas.
