According to statistics, the population in McAllen, TX amounts to 139,838, which shows decline 1% compared to the previous year. The median age of the city’s residents is 33. The average household income is $45,057, shifting decline -1% from the past year, and the average property value in McAllen, TX growth 3% to $120,500 throughout the year.
|Number Of Employees||58,587|
|Median Property Value||$120,500|
The average household income in McAllen, TX declined from $45,568 to $45,057 in the past year. This data is an estimate based upon 43,987 households in McAllen, TX . The chart below presents how household income is distributed in McAllen, TX in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in McAllen, TX shifted from $117,500 to $120,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in McAllen, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of McAllen, TX properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in McAllen, TX compared to median property taxes around the country. The prevalent amount of property taxes in McAllen, TX equals $3000, which is less than the national average.
During Jan 2023, the average price for an apartment in/near McAllen, TX increased by 2.1% to $348,877.
Knowing the current property prices is key if you plan to buy a studio in McAllen, TX. The average price for a studio has increased since the last month, currently being $410,896. After collecting all data points, we now see that the average price for 1-bed apartment stands at $100,000 with no changes this month. Asking price for 2-bed apartment also increased by 2.2% and a place of this size will now cost you $144,800. A 3-bed apartment goes for $250,232, it increased by 0.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 2.1% and made it up to $423,023.
While assessing the property pricing McAllen, TX, you can note that it remains flat with a price tag of $1,912,500. Price reports demonstrate that house price increased by 0.2% this month making it up to $335,593. Condos faced an upward trend these days. The median price for a condo decreased by 5.9%, it’s now available for $153,870. An average value of duplex is $514,500, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $222,400. The average price of the land for sale in McAllen, TX has increased by 13.5%, and now equals $306,425. Other types of properties for sale would cost $265,000 on average. Our data shows that this amount has stayed roughly the same compared to Dec.