Market Overview
Home Prices in Elsa, TX
The median home value in Elsa, TX is $143,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Elsa are priced65% below average. Elsa is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Elsa home values have risen by approximately47.0%, reflecting strong long-term appreciation in this market.
Price History
Elsa Home Price Trend
City Comparison
Elsa vs. National Median
At $143,142, homes in Elsa cost 65% below the national median of $410,000. This makes Elsa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Elsa?
20% Down Payment
$28,628
on $143,142
Monthly P&I
$747/mo
30-yr @ 6.8%
Total Monthly Est.
~$949/mo
incl. taxes & insurance
Income Needed
$37,960
gross annual (30% rule)
10% Down Option
$14,314
+ PMI applies
Loan Amount (20% dn)
$114,514
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Elsa, TX?
The median home value in Elsa is $143,142 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Elsa?
Over the past year, home values in Elsa have increased by 1.9%. Over five years, prices have risen approximately 47.0%.
How much do I need to earn to buy a home in Elsa?
To comfortably afford the median home price of $143,142 with a 20% down payment ($28,628) at today's rates (6.8%), you'd need a gross annual income of approximately $37,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Elsa compare to the national average home price?
The national median home value is approximately $410,000. At $143,142, homes in Elsa are 65% below the national average.
What metro area is Elsa part of?
Elsa is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.