Open on the map

McAllen-Edinburg-Mission, TX housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$188,971−0.4% 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$40,965About 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 McAllen-Edinburg-Mission, TX is worth $188,971, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $175,321, 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 $40,965 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

$0K$50K$100K$150K$200K19801990200020102020
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$188,971
Change in 1 year−0.4%
Overvalued %+7.8%
Show 7 more
Fair home value$175,321
Change in 5 years+28.4%
Zillow forecast, next 12 months+0.9%
Home value to income3.4×
Monthly mortgage payment (20% down)$1,024
Income needed to afford it$40,965
Property tax rate1.62%

Rent and investing

Typical rent$1,119
Typical rent for houses$1,756
Price-to-rent ratio14.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms$1,017
Gross rental yield7.11%
Cap rate (estimate)4.62%

Market activity

Listings vs a year ago+4.5%
Days on market78
Listings with a price cut11.9%
Show 3 more
Homes for sale3,432
Pending sales per 100 listings14
Asking price per sq ft$160

People and jobs

Median household income$55,829
Population change (1 year)+0.9%
Unemployment rate7.6%
Show 4 more
Population921,549
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 year4
Show 4 more
Flood risk score96.4
Wildfire risk score83.8
Walkability (1 to 20)6.6
Road, rail and air noise54 dB

Questions people ask

Is McAllen-Edinburg-Mission, TX overvalued?
Home prices in McAllen-Edinburg-Mission, TX are slightly above what local incomes have historically supported: fair value is about $175,321, so the area is 7.8% overvalued.
Is McAllen-Edinburg-Mission, TX a buyer's or seller's market?
McAllen-Edinburg-Mission, 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 McAllen-Edinburg-Mission, TX?
Home values in McAllen-Edinburg-Mission, 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 McAllen-Edinburg-Mission, TX?
A household needs about $40,965 a year to afford the typical home in McAllen-Edinburg-Mission, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,829.

Counties in this metro

See every chart for McAllen-Edinburg-Mission, TX on the map