Market Overview
Home Prices in Pharr, TX
The median home value in Pharr, TX is $165,495 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and down 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pharr are priced60% below average. Pharr is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Pharr home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Pharr Home Price Trend
City Comparison
Pharr vs. National Median
At $165,495, homes in Pharr cost 60% below the national median of $410,000. This makes Pharr a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pharr?
20% Down Payment
$33,099
on $165,495
Monthly P&I
$863/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,096/mo
incl. taxes & insurance
Income Needed
$43,840
gross annual (30% rule)
10% Down Option
$16,550
+ PMI applies
Loan Amount (20% dn)
$132,396
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 Pharr, TX?
The median home value in Pharr is $165,495 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Pharr?
Over the past year, home values in Pharr have decreased by 1.3%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Pharr?
To comfortably afford the median home price of $165,495 with a 20% down payment ($33,099) at today's rates (6.8%), you'd need a gross annual income of approximately $43,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Pharr compare to the national average home price?
The national median home value is approximately $410,000. At $165,495, homes in Pharr are 60% below the national average.
What metro area is Pharr part of?
Pharr is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.