Market Overview
Home Prices in Progreso Lakes, TX
The median home value in Progreso Lakes, TX is $359,016 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Progreso Lakes are priced12% below average. Progreso Lakes is part of the McAllen-Edinburg-Mission, TX metro area.
Over the past five years, Progreso Lakes home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Progreso Lakes Home Price Trend
City Comparison
Progreso Lakes vs. National Median
At $359,016, homes in Progreso Lakes cost 12% below the national median of $410,000. This makes Progreso Lakes a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Progreso Lakes?
20% Down Payment
$71,803
on $359,016
Monthly P&I
$1,872/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,377/mo
incl. taxes & insurance
Income Needed
$95,080
gross annual (30% rule)
10% Down Option
$35,902
+ PMI applies
Loan Amount (20% dn)
$287,213
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 Progreso Lakes, TX?
The median home value in Progreso Lakes is $359,016 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 Progreso Lakes?
Over the past year, home values in Progreso Lakes have increased by 3.2%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Progreso Lakes?
To comfortably afford the median home price of $359,016 with a 20% down payment ($71,803) at today's rates (6.8%), you'd need a gross annual income of approximately $95,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Progreso Lakes compare to the national average home price?
The national median home value is approximately $410,000. At $359,016, homes in Progreso Lakes are 12% below the national average.
What metro area is Progreso Lakes part of?
Progreso Lakes is part of the McAllen-Edinburg-Mission, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.