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
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%
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Fair home value
$175,321
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
$40,965
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 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.