Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$188,974−0.4% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$40,966About 0.7× the local median income ($55,829): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.9%Zillow expects prices to rise slightly
The typical home in Hidalgo County, TX is worth $188,974, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $175,337, so the area is 7.8% overvalued. It is a buyer's market: homes take about 78 days to sell, listings are up 4% from a year ago, 12% of listings have had a price cut. Zillow expects prices to rise about 0.9% over the next year. A household needs about $40,966 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,829. Typical rent is $1,119 a month, or $1,756 for a house. In the latest IRS figures, 842 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$188,974
Change in 1 year
−0.4%
Overvalued %
+7.8%
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Fair home value
$175,337
Change in 5 years
+28.4%
Zillow forecast, next 12 months
+0.9%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,024
Income needed to afford it
$40,966
Property tax rate
1.62%
Rent and investing
Typical rent
$1,119
Typical rent for houses
$1,756
Price-to-rent ratio
14.1×
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HUD Fair Market Rent, 2 bedrooms
$1,017
Gross rental yield
7.11%
Cap rate (estimate)
4.62%
Market activity
Listings vs a year ago
+4.5%
Days on market
78
Listings with a price cut
11.9%
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Homes for sale
3,432
Pending sales per 100 listings
14
Asking price per sq ft
$160
People and jobs
Median household income
$55,829
Population change (1 year)
+0.9%
Unemployment rate
7.6%
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Population
921,549
Income adjusted for cost of living
$64,993
Net moves in (IRS)
−842
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
99.0
Unhealthy air days a year
4
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Flood risk score
96.4
Wildfire risk score
83.8
Walkability (1 to 20)
6.6
Road, rail and air noise
54 dB
Questions people ask
Is Hidalgo County, TX overvalued?
Home prices in Hidalgo County, TX are slightly above what local incomes have historically supported: fair value is about $175,337, so the area is 7.8% overvalued.
Is Hidalgo County, TX a buyer's or seller's market?
Hidalgo County, TX is a buyer's market: homes take about 78 days to sell, listings are up 4% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Hidalgo County, TX?
Home values in Hidalgo County, TX are down 0.4% over the last year. Zillow's forecast for the next 12 months is +0.9%.
How much do you need to earn to buy a home in Hidalgo County, TX?
A household needs about $40,966 a year to afford the typical home in Hidalgo County, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,829.