Zip 78504 (McAllen, TX) Housing

Housing in 78504 McAllen, TX is experiencing an increased rate of appreciation at 14.13% compared to the US average rate of 8.27%. The median value of a home in 78504 McAllen, TX is $241,200 which is significantly lower than the national median value of $338,100. This makes it an attractive area for prospective homebuyers looking for affordable housing options. Despite its relatively low median value, 78504 McAllen, TX homes are still appreciating in value and could be a great investment opportunity.

The median home cost in McAllen (zip 78504) is $241,200. Home appreciation the last 10 years has been 75.5%. Home Appreciation in McAllen (zip 78504) is up 23.4%.

Average Age of Homes

- The median age of McAllen (zip 78504) real estate is 22 years old

The Rental Market in McAllen (zip 78504)

- Renters make up 27.8% of the McAllen (zip 78504) population
- 2.1% of houses and apartments in McAllen (zip 78504), 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
	20,487.0	139,647,020.0
	24	42
	$241,200	$338,100
	23.4%	16.6%
	56.4%	57.0%
	75.5%	101.1%
	$20.68	$10.98
	$3,238	$2,690
	61.9%	57.4%
	8.5%	11.2%
	29.6%	31.4%
Vacant Housing
	2.1%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.3%	0.4%
	2.2%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	2.7%	2.4%
	1.7%	2.8%
	4.4%	3.9%
	8.1%	4.5%
	25.3%	11.3%
	25.1%	13.0%
	19.0%	20.1%
	4.4%	13.6%
	2.3%	8.3%
	1.5%	9.7%
	1.1%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	30.1%	13.6%
	30.1%	13.6%
	21.6%	13.6%
	20.9%	13.2%
	11.0%	14.8%
	21.6%	13.6%
	1.4%	10.0%
	0.2%	4.7%
	0.4%	12.2%

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