Market Overview
Home Prices in Palmview, TX
The median home value in Palmview, TX is $187,467 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palmview are priced54% below average. Palmview is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Palmview home values have risen by approximately35.7%, reflecting strong long-term appreciation in this market.
Price History
Palmview Home Price Trend
City Comparison
Palmview vs. National Median
At $187,467, homes in Palmview cost 54% below the national median of $410,000. This makes Palmview a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Palmview?
20% Down Payment
$37,493
on $187,467
Monthly P&I
$978/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,242/mo
incl. taxes & insurance
Income Needed
$49,680
gross annual (30% rule)
10% Down Option
$18,747
+ PMI applies
Loan Amount (20% dn)
$149,974
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 Palmview, TX?
The median home value in Palmview is $187,467 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0% year-over-year.
How much have home prices changed in Palmview?
Over the past year, home values in Palmview have increased by 0%. Over five years, prices have risen approximately 35.7%.
How much do I need to earn to buy a home in Palmview?
To comfortably afford the median home price of $187,467 with a 20% down payment ($37,493) at today's rates (6.8%), you'd need a gross annual income of approximately $49,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Palmview compare to the national average home price?
The national median home value is approximately $410,000. At $187,467, homes in Palmview are 54% below the national average.
What metro area is Palmview part of?
Palmview is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.