McAllen, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating McAllen Neighborhoods Since 2000




McAllen, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

McAllen Housing Market Information

With 140,269 people, 42,225 houses or apartments, and a median cost of homes of $134,092, house prices in McAllen are solidly below the national average.

Single-family detached homes are the single most common housing type in McAllen, accounting for 65.44% of the city's housing units. Other types of housing that are prevalent in McAllen include large apartment complexes or high rise apartments ( 16.41%), duplexes, homes converted to apartments or other small apartment buildings ( 9.82%), and a few mobile homes or trailers ( 4.44%).

The most prevalent building size and type in McAllen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.30% owning and 39.70% renting.

There is a lot of housing in McAllen built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in McAllen built between 2000 and later ( 28.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.03%). There's also some housing in McAllen built before 1939 ( 1.93%).

Vacant housing appears to be an issue in McAllen. Fully 12.48% of the housing stock is classified as vacant. Left unchecked, vacant McAllen homes and apartments can be a drag on the real estate market, holding McAllen real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

McAllen Home Appreciation Rates

Appreciation rates for homes in McAllen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.78%, which ranks in the top 30% nationwide. This equates to an annual average McAllen house appreciation rate of 0.94%.

NeighborhoodScout's data show that during the latest twelve months, McAllen's appreciation rate, at 3.69%, has been at or slightly above the national average. In the latest quarter, McAllen's appreciation rate has been -0.31%, which annualizes to a rate of -1.23%.

Relative to Texas, our data show that McAllen's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within McAllen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McAllen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best McAllen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,092

McAllen, TX HOME PRICES

Value Range
> $1,120,000 0.5
$840,001 - $1,120,000 0.3
$560,001 - $840,000 1.0
$448,001 - $560,000 0.8
$336,001 - $448,000 3.7
$224,001 - $336,000 9.3
$112,001 - $224,000 40.1
$56,001 - $112,000 32.8
$0 - $56,000 11.4

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.5764678307746 40.5642023346304

Number Of Homes And Apartments:
42,225

McAllen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
46.57% 2.24% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,068 / per month

Homeownership Rate

Homeownership
Owners 60.30
Renters 39.70
Vacant 12.48

Housing Market Details

 

Age of Homes

AGE OF McAllen HOMES
2000 or Newer 28.7
1970 - 1999 56.3
1940 - 1969 13.0
1939 or Older 1.9

Types of Homes

TYPE OF McAllen HOMES
Single-Family 65.4
Townhomes 3.6
Small Apt. Buildings 9.8
Apt. Complexes 16.4
Mobile Homes 4.4
Other 0.3

Home Size

SIZE OF McAllen HOMES
No Bedroom 1.84
1 Bedroom 10.03
2 Bedrooms 25.28
3 Bedrooms 43.37
4 Bedrooms 16.46
5 or more bedrooms 3.03