There are currently 38,029 real estate properties in Mcallen, TX, with a median automated valuation model (AVM) price of $161,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mcallen, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Mcallen, TX, is $180,318.00, with the most expensive house in Mcallen, TX, topping out at $15,539,283.00 and the cheapest home in Mcallen, TX, clocking in at $18,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Mcallen, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mcallen, TX, is on a rollercoaster ride. The average rent price in Mcallen, TX, is $1,371.00. Indeed, when looking to rent in Mcallen, TX, you can expect to pay as little as $430.00 or as much as $3,440.00, with the average rent median estimated to be $1,280.00. The good news is that finding an affordable and desirable property to rent in Mcallen, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.