McAllen, TX has a population of 139,838, while the median age is 33. The household income in McAllen, TX is around $45,057. The homeownership rate among the residents is 60%. The median residential property value in McAllen, TX that you should keep in mind is $120,500.
Population | 139,838 |
Median Age | 32.9 |
Poverty Rate | 25% |
Household Income | $45,057 |
Number Of Employees | 58,587 |
Median Property Value | $120,500 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $800 | -81.9% |
1-bed apartments | $944 | -62.2% |
2-bed apartments | $1,878 | -41.6% |
3-bed apartments | $2,518 | -33.7% |
4+ bed apartments | $2,747 | -43.3% |
Over the May 2023, the average rent for an apartment in/near McAllen, TX decreased by 39% to $2,288.
Compared to the last month, the average price for a rental studio in McAllen, TX has decreased by 81.9%. You can expect to rent the studio for $800 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 62.2% to $944. Pricing for 2-bed apartment also decreased by 41.6% and a place of this size will now cost you $1,878. 3-bed apartment rent pricing starts at $2,518, it decreased by 33.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 43.3% and made it down to $2,747.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $2,607 | -36.2% |
Condos for rent | $2,551 | -34.2% |
Apartments for rent | $1,399 | -46.1% |
The median rent for an apartment in McAllen, TX decreased by 46.1% to $1,399. Statistics show that house rent price decreased by 36.2% this month making it up to $2,607. Condos faced an upward trend these days. The median rent for a condo decreased by 34.2%, it’s now available for $2,551.