Real Estate in Mcallen, TX
Updated 2026 • Housing market data from 5 zip codes • Redfin data through January 2026
📊 Mcallen, TX Market Activity
The Mcallen housing market shows a median sale price of $226,750, 4.0% higher than last year. The price per square foot is $139, below the national median of ~$215/sqft, down -2.0% year-over-year. Homes in Mcallen spend a median of 69 days on market, longer than the national median of 42 days — giving buyers more negotiation room.
🏘️ Mcallen Rental Market
The average rent in Mcallen, TX is $1,547 per month. A 2-bedroom apartment rents for approximately $1,183/month, while a 3-bedroom home averages $1,600/month.
📦 Mcallen Housing Supply & Demand
There are 314 new listings and 584 active properties on the market.
🏆 Mcallen Market Competitiveness
Homes in Mcallen sell for an average of 98.0% of their asking price. About 37% of properties sell above list price, indicating strong competition among buyers.
On average, homes sell for 98.0% of the asking price
37% of sales closed above asking, % at or below
📋 Housing Overview
Mcallen, TX Housing Market Insights
Delve into the specifics of the real estate market in this area. Understanding key metrics such as the median home price of 269000, the balance between renting (41%) and owning (59%), and a population of 144579 provides valuable insights for potential buyers, sellers, and investors. It is important to note that neighborhood characteristics can vary drastically, and decisions should not solely rely on data available without visiting. Many factors can differ, so do consider inspecting areas in-person to avoid potential mismatches in choice.
Rent vs. Buy Analysis
With a median home price of $269,000 and average rents of $1,547/month, the median household income of $56,326 provides context for affordability in Mcallen. Whether you're looking to buy property in Mcallen or invest in Mcallen real estate, understanding the price-to-rent ratio helps determine if renting or owning makes more financial sense for your situation. A 2-bedroom apartment rents for approximately $1,183/month, while a 3-bedroom house averages $1,600/month.
Economy & What Drives Mcallen Real Estate
Real estate values in Mcallen, TX are driven by local employment, school quality, and quality of life. The cost of living index of 71.1 (U.S. average = 100) reflects the overall affordability of the area. With a median household income of $56,326, residents have moderate purchasing power. Proximity to major employers, universities, and transportation corridors directly influences home values and demand across Mcallen neighborhoods.
Pros & Cons
Pros
- •Good schools available
- •Friendly local residents
- •Strong job market growth
- •Rich cultural diversity
- •Warm weather year-round
- •Family-friendly community
- •Low cost of living
- •Affordable housing options
- •Vibrant local festivals
- •Various outdoor activities
Cons
- •Less public transportation
- •Traffic congestion issues
- •Higher crime rates reported
- •Limited nightlife options
- •Limited shopping options
- •Political polarization exists
- •Extreme summer heat
- •School quality varies greatly
- •Occasional flooding concerns
- •Poverty affecting some areas
Frequently Asked Questions
What is the cost of living in Mcallen, TX? ▼
The cost of living in Mcallen, TX is 29% lower than the national average, with a cost of living index of 71 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Mcallen, TX? ▼
In Mcallen, TX, The median home price is $269,000. requiring approximately $100,500 annual income to afford. Average rent is $1,547/month (requiring ~$61,874/year income). The local median household income is $56,326, making homeownership attainable for typical residents. Explore Mcallen real estate data →
Is Mcallen, TX a safe place to live? ▼
Mcallen, TX is average in terms of safety, with crime rates near the national average. The crime rate is 21.6 per 1,000 residents. Safety varies significantly by neighborhood. View detailed Mcallen crime statistics →
What salary do you need to live comfortably in Mcallen, TX? ▼
To live comfortably in Mcallen, TX and afford a median-priced home of $269,000, you would typically need a household income of $67,250 to $84,062 per year. The local median household income is $56,326. Renting requires approximately $61,874/year (at $1,547/month). See full affordability analysis →
Is Mcallen, TX growing? ▼
Mcallen, TX has a population of 144,579. As a mid-to-large city, population trends depend on local housing development, job growth, and quality of life factors. The affordable housing market and competitive job market shape migration patterns. See Mcallen population demographics →
What are the best neighborhoods in Mcallen, TX? ▼
The best neighborhoods in Mcallen, TX depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $269,000 is below the national average. Explore Mcallen on our interactive map →
What is the commute like in Mcallen, TX? ▼
Commute times in Mcallen, TX vary by neighborhood and workplace location. As a mid-size community, most residents rely on personal vehicles, though public transit options may be available. The affordable cost of living may allow for housing closer to employment centers. Explore commute times on our map →
How are the taxes in Mcallen, TX? ▼
Tax rates in Mcallen, TX include state and local components. The cost of living index of 71 suggests a lower overall tax and expense burden cost environment compared to the national average. View detailed Mcallen tax information →
How does Mcallen, TX compare to nearby cities? ▼
Mcallen, TX offers a more affordable alternative to nearby communities. With a cost of living index of 71, median home prices of $269,000, and a crime rate of 21.61 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Mcallen, TX? ▼
Weather in Mcallen, TX varies by season. Climate data varies by season. View detailed Mcallen climate & environment data →
Is it better to rent or buy in Mcallen, TX? ▼
With a median home price of $269,000 and average rents of $1,547/month, the price-to-rent ratio in Mcallen is 14.5x. This favors buying, as monthly mortgage payments may be comparable to or lower than rent. See full cost analysis →
What is the price per square foot in Mcallen, TX? ▼
The median price per square foot in Mcallen is $139, which is 35% below the national median of ~$215/sqft. This reflects the area's demand, construction costs, and proximity to employment centers.
How fast do homes sell in Mcallen, TX? ▼
Homes in Mcallen spend a median of 69 days on market before going under contract. This indicates homes take longer than the national median of 42 days, giving buyers more negotiating room. View full market data →
Explore More About Mcallen, TX
📅 Last Updated: January 2026
Sources: U.S. Census Bureau, Zillow, Redfin