Market Overview
Home Prices in Olivarez, TX
The median home value in Olivarez, TX is $193,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olivarez are priced53% below average. Olivarez is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Olivarez home values have risen by approximately42.0%, reflecting strong long-term appreciation in this market.
Price History
Olivarez Home Price Trend
City Comparison
Olivarez vs. National Median
At $193,863, homes in Olivarez cost 53% below the national median of $410,000. This makes Olivarez a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olivarez?
20% Down Payment
$38,773
on $193,863
Monthly P&I
$1,011/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,284/mo
incl. taxes & insurance
Income Needed
$51,360
gross annual (30% rule)
10% Down Option
$19,386
+ PMI applies
Loan Amount (20% dn)
$155,090
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 Olivarez, TX?
The median home value in Olivarez is $193,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Olivarez?
Over the past year, home values in Olivarez have increased by 3.2%. Over five years, prices have risen approximately 42.0%.
How much do I need to earn to buy a home in Olivarez?
To comfortably afford the median home price of $193,863 with a 20% down payment ($38,773) at today's rates (6.8%), you'd need a gross annual income of approximately $51,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Olivarez compare to the national average home price?
The national median home value is approximately $410,000. At $193,863, homes in Olivarez are 53% below the national average.
What metro area is Olivarez part of?
Olivarez is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.