McAllen, TX Housing Market
AI-powered market intelligence for the McAllen-Edinburg-Mission, TX metro area.
PropertyIQ Scores
McAllen, TX Market Analysis
Market Overview
McAllen’s PropertyIQ Score of 14 out of 100 indicates a weak housing market relative to Texas benchmarks. The median home value is $191,508, well below the state average of $301,806. The rent index is $1,118, compared with $1,339 statewide. Median household income is $52,281, versus $76,292 across Texas, and the unemployment rate is 6.3%, compared with 4.4% statewide. Housing prices are lower, but local incomes and employment are also weaker than the state norm.
The score reflects mixed price signals. The 12-month home value momentum is positive at 2.08%, but the 3-month momentum is -2.30%, and the median home value change over the past year is -$4, essentially flat to slightly negative. With a median 81 days on market and 15.2% of listings showing a price cut, the market currently favors buyers and requires seller patience.
Key Trends
A key trend is cooling price momentum. The 12-month home value momentum of 2.08% shows mild growth over the last year, but the 3-month figure of -2.30% and the year-over-year change of -$4 point to recent flattening or slight decline. This suggests that earlier momentum has faded.
Another trend is slower inventory turnover. The median days on market is 81 days, and there are 3,401 homes for sale. A 15.2% share of listings with a price cut reinforces that sellers are adjusting prices to attract buyers. This level of inventory and marketing time indicates a buyer-leaning environment.
A third trend is affordability with income constraints. McAllen’s median home value is about 37% below the Texas average, and its rent index is about 17% below the state average. However, median household income is about 31% lower than the statewide figure. The lower price point helps, but weaker incomes limit purchasing power. The rent index of $1,118 against a median home value of $191,508 implies a gross rent-to-price ratio around 7.0% before expenses, which may interest investors, though it comes with local economic risk.
A fourth trend is labor market softness. The unemployment rate of 6.3% is well above the state average of 4.4%, which may weigh on owner-occupant demand and tenant stability. Population growth is listed as N/A, so demographic-driven demand cannot be assessed from the provided data.
Who Is This Market For
This market may suit first-time buyers with stable employment who want a lower purchase price. The median home value of $191,508 is far below the state average of $301,806, making entry more attainable for households near the local median income of $52,281. Buyers should be comfortable with slow appreciation and a median 81 days on market.
Income-focused investors may also find the rent-to-price profile attractive. The rent index
AI-generated analysis based on current market data. Last updated August 21, 2026.
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McAllen, TX market data
McAllen, TX Housing Market Overview
McAllen, TX's median home value is $192K, up 2.1% over the past year. Homes here sell in a median 81 days. Its PropertyIQ Score of 14 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
The McAllen, TX metropolitan area represents a distinct segment of TX's housing landscape. The PropertyIQ Score combines price momentum — how Zillow home values have trended over the past 3 and 12 months — with market-flow signals from Realtor.com that track how fast homes sell and how often sellers cut prices. The result is a single measure of how this market is positioned to outperform or lag its state over the next three years.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, McAllen, TX's PropertyIQ Score of 14 runs below the South Central norm.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
The PropertyIQ Score for the McAllen, TX market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 2.1% over the past year.
Explore the interactive map to see how McAllen, TX compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the McAllen, TX metro area
ZIP codes in the McAllen, TX metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is McAllen, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. McAllen, TX currently scores 14, a very weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $192K, up 2.1% over the past year. So whether McAllen, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for McAllen, TX?
McAllen, TX's PropertyIQ Score is 14, indicating very weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 14 places McAllen, TX below its state benchmark.
Are home prices in McAllen, TX rising or falling?
Home prices in McAllen, TX are rising. Over the past year, the median home value increased 2.1%, reaching $192K. Over the latest three months, values slipped 2.3%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind McAllen, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in McAllen, TX?
In McAllen, TX, homes sell in a median of 81 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This McAllen, TX market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.