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These days, finding an affordable place to live in the McAllen area can be challenging. Home prices in McAllen are now at a median cost of $151,022, lower than the Texas average of $322,096.
The average cost of rent is $987/mo in McAllen, primarily driven by the current value of real estate in the McAllen area. In McAllen, 32.54% of households rent, and 60.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in McAllen is $4,969 per month. Households that rent pay about 19.87% of their income on rent here. McAllen’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Palmhurst, TX: higher priced homes
- Lopezville, TX: higher priced homes
- Pharr, TX: less expensive homes
- Alton, TX: higher priced homes
- San Juan, TX: less expensive homes
- Edinburg, TX: higher priced homes
- Mission, TX: equally priced homes
- Madero, TX: less expensive homes
- Granjeno, TX: higher priced homes
- Alamo, TX: less expensive homes
Cities with Similar Populations
- Newark, NJ: higher priced homes
- New York, NY: higher priced homes
- Newport News, VA: higher priced homes
- Madison, WI: higher priced homes
- Manteca, CA: higher priced homes
- Middletown, OH: higher priced homes
- Mesa, AZ: higher priced homes
- Menifee, CA: higher priced homes
- Merced, CA: higher priced homes
- Midland, TX: higher priced homes
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