Welcome to our 78501 real estate data hub, tailored for investors in McAllen, TX. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 78501 in McAllen, TX. Discover Section 8 housing opportunities and challenges to maximize your investment potential in HIDALGO COUNTY.
Leverage our comprehensive, zip code-specific data to excel in McAllen, TX real estate investing. Uncover the wealth of information available, and position yourself for success in the McAllen property market.
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Location Overview
- Zip Code: 78501
- City: McAllen
- State: TX
- Metro Area: McAllen-Edinburg-Mission, TX
- County Name: HIDALGO COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $184,220
- Average Home Price (Single Family Homes): $186,046
- Average Monthly Rental Price (All Types): $1,100
- Price-to-Rent Ratio: 14
- Zillow Projected % appreciation from 4/2023-4/2024: 3.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $900
- Average 3 Bedroom Section 8 Rental Rates: $1,170
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.06
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.12
- Number of Units Offered in Section 8 in the County: 2869
- Number of Occupied Units in Section 8 in the County: 2703
- Percentage of Section 8 Units Occupied in the County: 94.19999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 224.15
- Total % Appreciation since 2000 (Government Data): 142.67
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.61%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 12.46%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.07%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 63.58%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 114.6%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 125.88%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.91%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.34%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 23.79%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 31.41%