McAllen Real Estate Market Overview
Average Monthly Rent:
$874
Percentage Change in Home Price/Value:
12.3%
Median Home Value:
$249,900
Best Time To Sell Home:
July
Affordability Index:
141
Days To Sell House:
N/A
Job Market:
Fair
Public School Ranking:
28
Location & Weather
The city of McAllen is the largest city in Hidalgo County and sits at the southern tip of Texas in the Rio Grande Valley. Just 70 miles west of the Gulf of Mexico and 5 miles from the Mexico border, McAllen’s location is closest to the city of Reynose. Aside from being a border town, McAllen is also a lively metro region that’s described to have friendly residents, a strong Hispanic culture and a high quality of life.
The weather here is primarily warm, with year-round sunshine, humidity, and hardly any rain.
Population, Job Market & Cost of Living
McAllen has a population of 145,482, with a growth rate of 0.51% annually. The job market has increased by 2.1% over the last year. In ten years, job growth is predicted to be 36.1%. Not only is McAllen recognized as the retail center of southern Texas and northern Mexico, but it’s a major center for international trade and manufacturing.
Tourism is also a huge contributor to the economy here, bringing in millions of dollars into the local economy during mid fall and winter. This affordable city offers inexpensive housing and transportation, which is one of the big appeals for new residents considering living here.