Median price for residential apartments in Pharr, TX as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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584 Pharr, TX 78577, USA apartments for sale
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Pharr
According to statistics, the population in Pharr, TX amounts to 76,727, which shows growth 2% compared to the previous year. The median age of the city’s residents is 29. The average household income is $39,445, shifting growth 8% from the past year, and the average property value in Pharr, TX growth 2% to $74,800 throughout the year.
| Population | 76,727 |
| Median Age | 28.7 |
| Poverty Rate | 29% |
| Household Income | $39,445 |
| Number Of Employees | 28,385 |
| Median Property Value | $74,800 |
Household Income
The average household income in Pharr, TX grew from $36,501 to $39,445 in the past year. This data is an estimate based upon 21,413 households in Pharr, TX . The chart below presents how household income is distributed in Pharr, TX in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Pharr, TX shifted from $73,600 to $74,800 throughout the year. The subsequent graph indicates the share of properties in the given price range in Pharr, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Pharr, TX properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Pharr, TX compared to median property taxes around the country. The prevalent amount of property taxes in Pharr, TX equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in Pharr, TX 78577, USA
Average apartment sale in Pharr: $214,416 (-6%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $239,025 | -20.1% |
| 2-bed apartments | $114,522 | +0.5% |
| 3-bed apartments | $197,043 | -1.2% |
| 4+ bed apartments | $261,078 | +6.3% |
During Jan 2023, the average price for an apartment in/near Pharr, TX decreased by 6% to $214,416.
Knowing the current property prices is key if you plan to buy a studio in Pharr, TX. The average price for a studio has decreased since the last month, currently being $239,025. After collecting all data points, we now see that the average price for 1-bed apartment stands at $80,000 with no changes this month. Asking price for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $114,522. A 3-bed apartment goes for $197,043, it decreased by 1.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 6.3% and made it up to $261,078.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Other for sale | $99,000 | +0% |
| Houses for sale | $219,742 | +6.9% |
| Duplexes for sale | $370,000 | +0% |
| Condos for sale | $159,255 | +0.2% |
| Land for sale | $181,379 | -40.5% |
| Apartments for sale | $58,000 | -25.6% |
The average cost of an apartment in Pharr, TX decreased by 25.6% to $58,000. Price reports demonstrate that house price increased by 6.9% this month making it up to $219,742. Condos are really in demand in this season. The median price for a condo increased by 0.2%, it’s now available for $159,255. An average value of duplex is $370,000, thus a median price for a duplex remains the same this month. The average price of the land for sale in Pharr, TX has decreased by 40.5%, and now equals $181,379. Other types of properties for sale would cost $99,000 on average. Our data shows that this amount has stayed roughly the same compared to Dec.
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