McAllen, TX
Hidalgo County · Pop. 146,028
Ranked #31 of 243 cities
56Moderate
Median Home Price
🏠$160K
3.5% YoY
Median Rent
🔑$950
2.5% YoY
Median Income
💰$38K
Rent Burden
📊32.0%
% of income to rent
Income to Buy
🏦$46K
annual income needed
Income to Rent
📝$38K
annual income needed
Price-to-Income
⚖️4.2x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$852/mo
Est. mortgage (7%, 20% down)
Need $46K/yr income
Rent
$950/mo
Median rent
Need $38K/yr income
How McAllen Compares
| Metric | McAllen | Texas | National |
|---|---|---|---|
| Home Price | $160K | $297K | $410K |
| Rent | $950 | $1,413 | $1,500 |
| Income | $38K | $76K | $75K |
| Rent Burden | 32.0% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in McAllen are 61% lower than the national average.
- • Rent is 37% lower than the national average.
- • You need an income of $46K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.