Home prices
The price of the median home in McAllen is $126,000. In comparison to its nearby areas this is approximately $6,980 (5%) higher.It is about $91,500 (42%) lower compared to the rest of the country, and compared to the city of Brownsville it is about $36,000 (39%) higher.
Rents
McAllen's median monthly rent is $789. Compared to nearby areas it is roughly $75 (8%) lower.It is about $273 (25%) lower compared to the nation as a whole, and is roughly $53 (7%) higher in comparison to the city of Brownsville.
Nearby places
Palmhurst
Palmhurst is McAllen's neighbor to the northwest. The housing prices there are substantially more expensive. The median home price in Palmhurst is $262,700, which works out to $136,700 (52%) higher than McAllen. The rent there is somewhat more expensive. In Palmhurst the median rent is $1,004 a month, which is $215 (21%) higher than McAllen.
Mission
Mission is McAllen's neighbor to the southwest. Its real estate prices are a bit less expensive. The median home in Mission costs $112,400, which comes out to $13,600 (12%) lower than McAllen. Rent there is similar. Mission's median monthly rent is $819, which comes out to $30 (3%) higher than McAllen.
Pharr
Pharr is McAllen's neighbor to the southeast. Its real estate prices are a lot less expensive. The median home price in Pharr is $80,900, which comes out to $45,100 (55%) lower than McAllen. The rent there is fairly similar. The median rent in Pharr is $752 per month, which works out to $37 (4%) lower than McAllen.
Alton
Alton is McAllen's neighbor to the northwest. Real estate prices there are substantially less expensive. The price of the median home in Alton is $73,900, which is $52,100 (70%) lower than McAllen. Its rents are somewhat less expensive. Alton's median rent is $733 per month, which works out to $56 (7%) lower than McAllen.
Lopezville
Lopezville is approximately 5 miles east of McAllen. The housing prices there are significantly less expensive. Lopezville's median home price is $65,200, which works out to $60,800 (93%) lower than McAllen. Its rents are somewhat more expensive. In Lopezville the median monthly rent is $1,013, which is $224 (22%) higher than McAllen.
