McAllen-Edinburg-Mission Metro Area, TX Housing

The housing in McAllen-Edinburg-Mission, TX Metro Area has a median value of $166,400 which is much lower compared to the US House Median Value of $338,100. However, this area has seen a much higher appreciation rate in the past year with an impressive 15.47%, far above the US 1 year House Appreciation rate of 8.27%. This shows that although the housing values are lower than average, this area offers great potential for investors and homeowners alike.

The median home cost in McAllen-Edinburg-Mission Metro Area is $166,400. Home appreciation the last 10 years has been 75.5%. Home Appreciation in McAllen-Edinburg-Mission Metro Area is up 23.4%.

Average Age of Homes

- The median age of McAllen-Edinburg-Mission Metro Area real estate is 23 years old

The Rental Market in McAllen-Edinburg-Mission Metro Area

- Renters make up 27.8% of the McAllen-Edinburg-Mission Metro Area population
- 2.5% of houses and apartments in McAllen-Edinburg-Mission Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	McAllen-Edinburg-Mission, Texas	United States
	290,393.0	139,647,020.0
	24	42
	$166,400	$338,100
	23.4%	16.6%
	56.4%	57.0%
	75.5%	101.1%
	$19.81	$10.98
	$1,874	$2,690
	58.6%	57.4%
	13.3%	11.2%
	28.2%	31.4%
Vacant Housing
	2.5%	1.9%
	0.1%	0.4%
	1.1%	0.7%
	0.3%	0.4%
	4.7%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	10.0%	2.4%
	12.8%	2.8%
	13.2%	3.9%
	12.7%	4.5%
	19.2%	11.3%
	12.8%	13.0%
	10.0%	20.1%
	2.8%	13.6%
	1.1%	8.3%
	0.7%	9.7%
	0.3%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	28.5%	13.6%
	28.5%	13.6%
	20.9%	13.6%
	16.1%	13.2%
	10.1%	14.8%
	20.9%	13.6%
	2.6%	10.0%
	1.2%	4.7%
	1.1%	12.2%

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