Market Overview
Home Prices in Penitas, TX
The median home value in Penitas, TX is $167,356 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Penitas are priced59% below average. Penitas is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Penitas home values have risen by approximately33.3%, reflecting strong long-term appreciation in this market.
Price History
Penitas Home Price Trend
City Comparison
Penitas vs. National Median
At $167,356, homes in Penitas cost 59% below the national median of $410,000. This makes Penitas a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Penitas?
20% Down Payment
$33,471
on $167,356
Monthly P&I
$873/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,109/mo
incl. taxes & insurance
Income Needed
$44,360
gross annual (30% rule)
10% Down Option
$16,736
+ PMI applies
Loan Amount (20% dn)
$133,885
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 Penitas, TX?
The median home value in Penitas is $167,356 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Penitas?
Over the past year, home values in Penitas have increased by 3.3%. Over five years, prices have risen approximately 33.3%.
How much do I need to earn to buy a home in Penitas?
To comfortably afford the median home price of $167,356 with a 20% down payment ($33,471) at today's rates (6.8%), you'd need a gross annual income of approximately $44,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Penitas compare to the national average home price?
The national median home value is approximately $410,000. At $167,356, homes in Penitas are 59% below the national average.
What metro area is Penitas part of?
Penitas is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.