Market Overview
Home Prices in Mercedes, TX
The median home value in Mercedes, TX is $144,513 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and down 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Mercedes are priced65% below average. Mercedes is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Mercedes home values have risen by approximately35.4%, reflecting strong long-term appreciation in this market.
Price History
Mercedes Home Price Trend
City Comparison
Mercedes vs. National Median
At $144,513, homes in Mercedes cost 65% below the national median of $410,000. This makes Mercedes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Mercedes?
20% Down Payment
$28,903
on $144,513
Monthly P&I
$754/mo
30-yr @ 6.8%
Total Monthly Est.
~$958/mo
incl. taxes & insurance
Income Needed
$38,320
gross annual (30% rule)
10% Down Option
$14,451
+ PMI applies
Loan Amount (20% dn)
$115,610
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 Mercedes, TX?
The median home value in Mercedes is $144,513 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 Mercedes?
Over the past year, home values in Mercedes have increased by 1.9%. Over five years, prices have risen approximately 35.4%.
How much do I need to earn to buy a home in Mercedes?
To comfortably afford the median home price of $144,513 with a 20% down payment ($28,903) at today's rates (6.8%), you'd need a gross annual income of approximately $38,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Mercedes compare to the national average home price?
The national median home value is approximately $410,000. At $144,513, homes in Mercedes are 65% below the national average.
What metro area is Mercedes part of?
Mercedes is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.