Zip 78503 (McAllen, TX) Housing

The housing market in 78503 McAllen, TX is strong. According to recent records, the median housing value in the area is $160,000 - significantly lower than the US median housing value of $338,100. However, while appreciation for US homes generally increased by 8.27% in the past year, homes in McAllen saw an even bigger jump at 14.13%. With low prices and high potential for appreciation, McAllen is a great place to invest in property.

The median home cost in McAllen (zip 78503) is $160,000. Home appreciation the last 10 years has been 75.5%. Home Appreciation in McAllen (zip 78503) is up 23.4%.

Average Age of Homes

- The median age of McAllen (zip 78503) real estate is 23 years old

The Rental Market in McAllen (zip 78503)

- Renters make up 29.7% of the McAllen (zip 78503) population
- 6.1% of houses and apartments in McAllen (zip 78503), 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, Texas	United States
	7,736.0	139,647,020.0
	23	42
	$160,000	$338,100
	23.4%	16.6%
	56.4%	57.0%
	75.5%	101.1%
	$21.24	$10.98
	$2,419	$2,690
	49.4%	57.4%
	19.2%	11.2%
	31.4%	31.4%
Vacant Housing
	6.1%	1.9%
	0.7%	0.4%
	1.9%	0.7%
	1.3%	0.4%
	4.7%	3.6%
	4.5%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	4.6%	2.4%
	8.9%	2.8%
	9.1%	3.9%
	16.1%	4.5%
	22.2%	11.3%
	7.9%	13.0%
	17.2%	20.1%
	3.8%	13.6%
	3.1%	8.3%
	2.1%	9.7%
	1.2%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	32.5%	13.6%
	32.5%	13.6%
	17.2%	13.6%
	19.0%	13.2%
	10.5%	14.8%
	17.2%	13.6%
	2.4%	10.0%
	0.0%	4.7%
	0.7%	12.2%

Reviews for McAllen

See all (0)

Write a Review

Start Your Review of McAllen

Commute