Welcome to our 78504 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 78504 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.
-
Location Overview
- Zip Code: 78504
- City: McAllen
- State: TX
- Metro Area: McAllen-Edinburg-Mission, TX
- County Name: HIDALGO COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $245,351
- Average Home Price (Single Family Homes): $246,064
- Average Monthly Rental Price (All Types): $1,786
- Price-to-Rent Ratio: 11
- Zillow Projected % appreciation from 4/2023-4/2024: 2.3%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,030
- Average 3 Bedroom Section 8 Rental Rates: $1,340
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.85
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 15.26
- 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%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 151
- Total % Appreciation since 2000 (Government Data): 108.75
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.8%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 9.41%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.99%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 50.12%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.86%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 83.41%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.96%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 26.73%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%