Market Overview
Home Prices in McAllen, TX
The median home value in McAllen, TX is $231,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and down 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in McAllen are priced44% below average. McAllen is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, McAllen home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
McAllen Home Price Trend
City Comparison
McAllen vs. National Median
At $231,417, homes in McAllen cost 44% below the national median of $410,000. This makes McAllen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in McAllen?
20% Down Payment
$46,283
on $231,417
Monthly P&I
$1,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,533/mo
incl. taxes & insurance
Income Needed
$61,320
gross annual (30% rule)
10% Down Option
$23,142
+ PMI applies
Loan Amount (20% dn)
$185,134
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 McAllen, TX?
The median home value in McAllen is $231,417 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in McAllen?
Over the past year, home values in McAllen have increased by 0.5%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in McAllen?
To comfortably afford the median home price of $231,417 with a 20% down payment ($46,283) at today's rates (6.8%), you'd need a gross annual income of approximately $61,320. This assumes keeping total housing costs at or below 30% of gross income.
How does McAllen compare to the national average home price?
The national median home value is approximately $410,000. At $231,417, homes in McAllen are 44% below the national average.
What metro area is McAllen part of?
McAllen is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.